RE/MAX Mumbai Gujarat Maharashtra Newsletter May 2014
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RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
RE/MAX MGM
Safal Profitaire, Block A, G5,
Corporate Road, Opp.
Prahladnagar Garden Road,
Ahmedabad – 380 015
Phone : +91 99090 66999
Email: mgm@remax.in
CONTENT
Management Speak
New Broker Associates
Online Training In May 2014
Online Training Calendar June 2014
Management Training at
RE/MAX MGM HQ
Positive Investor Sentiment In
Real Estate Sector In India
Latest Realty News Guajrat
RE/MAX Around The World
RE/MAX #1 In National Brokerage Surveys
RE/MAX In Mumbai FRO
Successful Follow-Up Events After FRO
First Broker Associate
Management Training
Conducted At RE/MAX MGM
Broker Associate Management
Training Feedbacks
MANAGEMENT SPEAK!
Dear Affiliates,
Things have settled down and we finally
seem to have a stable government with
Shri. Narendra Modi at the helm. This bodes
well for all sectors including real estate.
As you all are aware the real estate market
has not witnessed very positive growth in the past year or so. Frankly
speaking, although we have made profits it is not on the scale we would
wish to. The latest development in the centre is expected to touch all
spheres and the expected economic boom will create ripples in the real
estate market too.
The month of May was good and we did have quite a few sales and rentals.
It has been hotter than usual but that has not affected the real estate
business. RE/MAX MGM held 3 seminars in Mumbai and the attendee was
quite encouraging. We covered the topic of‘Changing Trends in the Real
Estate Industry’. RE/MAX MGM also participated in the Franchise India
FRO 2014 for the 5th Consecutive time in Mumbai. The general attitude of
about 500 people we met at our seminars and FRO was upbeat and“aache
din definitely aane wale hai”.
With June comes fulfilment of
promises and the feeling that
times are changing for the
better.
Wish you all a good
month ahead!
Manan Choksi
MGM NEWSLETTER
RE/MAX Mumbai Gujarat Maharashtra MAY 2014
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RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
RE/MAXMumbaiGujaratMaharashtraregistered4newagentsinthemonthofMay2014.
RE/MAX MGM congratulates all these Broker Associates for joining RE/MAX and wishes
them all the best.
First BAMT Training at RE/MAX MGM HQ
RE/MAX MGM is proud to inform that the first BAMT Trainingprogramme for Broker Associateswas conducted successfully
from 20th May 2014 to 25th May 2014.
8 enthusiastic Affiliates from 3 Offices attended the training and enjoyed the training thoroughly. They are really looking
forward to follow-up training days to be conducted every week for next 4 weeks. They all are very determined to implement
the training in their day to day working. We at RE/MAX MGM are looking forward to be part of their success.
ONLINE TRAINING IN MAY 2014
ONLINE TRAINING CALENDAR JUNE 2014
NAME OFFICE
Manoj Tiwari RE/MAX DREAMZ
Nirav Vakharia RE/MAX REALTY SOLUTIONS
Manoj Ashar RE/MAX CORPORATE SERVICES
Bhavesh Vora RE/MAX CORPORATE SERVICES
Date Session Name
6-May-14 Lead Generation
14-May-14 Lead Management
21-May-14 Lead Servicing
Date Session Name
4th June 14 Marketing using WhatsApp
11th June 14 Commercial real estate
18th June 14 Effective listing
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RE/MGM took part in FRO at Nehru Centre, Worli, Mumbai and lot of people inquired
about RE/MAX. Mr. Manan Choksi, Tanmay Mehta, Gaurang Modh and Krutika Mehta
from RE/MAX MGM were present there for 2 days.
RE/MGM conducted a follow-up event on 24th May for those who inquired about
RE/MAX in FRO. The Event was held at Hindu Gymkhana, Marine Lines, Mumbai
and it got tremendous success and over 150 people attended the follow-up event
WHAT IS RE/MAX which was held in 3 session throughout the day. RE/MAX MGM will
keep doing such events to spread RE/MAX across its region as per its commitment
towards RE/MAX brand.
POSITIVE INVESTOR SENTIMENT IN REAL ESTATE SECTOR IN INDIA
A stable government of one single party after over a
30 years in Centre, investor sentiment in the Indian real
estate sector is becoming increasingly positive with the
prospects of the sector getting brighter and brighter.
The last three years have been a period of sluggish
growth not only in realty sector but across all sectors
in India. The drastic slowdown in economic growth rate
from a high of nine per cent to below five per cent, the
fall in the value of Indian rupee, and above all the policy
paralyses of the government, have had a negative
impact in the inflow of foreign institutional investments,
or FIIs, and foreign direct investment, or FDI, which in
turn had adversely affected all asset classes in the real
estate sector.
There is a new sense of hope among developers.
Narendra Modi led government has started discussing
changes in delayed tax reforms, including the goods
and services tax, India’s ambitious indirect tax reform
plan and if all these changes are implemented it would
certainly have a major positive impact.
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Correspondingly, the much-awaited Real Estate
Investment Trust, or REIT, can be a reality, with the
banking regulator keen on approving changes to attract
foreign investments. REIT which is a single company or
group that owns and manages real estate properties
on behalf of investors, much like shareholding in a
company, will also open the door to foreign and as well
domestic retail investors.
We all know that while 2012 and 2013 were not the
best years for the Indian realty market as the slowdown
impacted all asset classes, the coming years would see
dramatic revival in the real estate. However, things will
start looking up only in the second half of 2014, after
the general elections, when a new stable government
is hopefully in power to revive the stalled reforms and
woo back FIIs and FDIs.
According to most real estate experts, the year
2013 was a drag for the Indian economy, with poor
macroeconomic conditions. Slowing income growth,
sustained weakness in the rupee, sky-rocketing inflation
and high borrowing rates combined to make consumers
vary of spending.
Consumer confidence is expected to remain subdued
in first two quarters of 2014 due to uncertainties
surrounding general elections and macro-conditions.
However, after the elections, fence-sitting investors
are likely to become active. The increase in absorption
of residential units will help reduce the currently large
inventory holdings of developers. Residential prices are
expected to raise 10-12 per cent during 2014.
Experts are of the view that with a new regime in saddle,
a clearer vision on infrastructure would help make
the market more buoyant as any such development
initiative will certainly drive up the value of real estate
assets in the immediate vicinity.
The key factors currently at play on the Indian real estate
are unsold inventory, absorption and interest rates. It
is unlikely that these factors will change immediately.
Over the longer term, what will matter most to the real
estate sector are a possibilities of FDI in housing, REIT
legislations and the effective implementation of the
Real Estate Regulation and Development Bill.
Residential to experience traction in terms of sales
volume and launches at the start of the second half
of 2014 and there would be an upward pressure on
prices. The office segment is driven more by economic
rationale and as a result, the uptick is likely to take place
with a quarter lag.
The real estate sector is likely to see an improvement
in demand and absorption over the next one to three
years as economic conditions in the US and Western
Europe show signs of stabilising.
LATEST REALTY NEWS GUAJRAT
UK’s Varakas Group to build
resorts in Gujarat
UK based NRI-owned £180-million Varakas Group Plc
has announced its plans to create wildlife resorts at
SasanGir, lion sanctuary in Saurashtra region and one at
Kevadia on the banks of Narmada river in South Gujarat.
Listed on the stock exchanges in London, Varakas
Group is promoted by HimmzModha, a Gujarat-born UK
resident.
The group has laid out ambitious plans for projects in
Gujarat, Mumbai and Bengaluru along with setting
up advisory operations for insolvency and asset
reconstruction services.
The Group, employing 670 people worldwide
established its presence in countries like the United
States, the United Arab Emirates, Hong Kong,
Switzerland and India.
The group plans to create 100 jobs in the business
advisory and asset restructure arm over the next couple
of years.
Real Estate in Naroda area of
Ahmedabad is on the rise.
Naroda is a suburban town in Bapunagar, north east of
Ahmedabad.Itinitiallyflourishedwiththeestablishment
of the Naroda Industrial area in the 1980s and then it
was incorporated into Ahmedabad in 1996. Being few
kilometres away from Ahmedabad International Airport
and located on the SP Ring road, Naroda is situated
on the emerging Gandhinagar-Ahmedabad-Vadodara
(GAV) Corridor.
Naroda is three miles from Ahmedabad, near the
intersection of National Highway (NH) 8 and NH 59. It
is near Bapunagar, which has a diamond market and
another strategic centre of Ahmedabad, Kalupur, is at a
distance of 5 km.
Over the last two years, Naroda has transformed from
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a neglected industrial area to a desirable location for
homes. It has a cosmopolitan population with people
coming from across India, but it is predominantly a
Hindu population, with a minority of Sindhis who have
been residing here for the last two decades.
The Naroda GIDC Industrial Park is home to many
national and multinational corporations. The area is
exporting productions of sheet metal components,
chemicals and textiles, pharmacy products and snacks.
Manan Choksi, regional director, RE/MAX MGM, says,
“Naroda links Expressway and Ring road of Ahmedabad,
hence, it’s potential for growth is good. As far as Naroda
being only an industrial town or having shaped up as
an ideal urban centre is concerned, I feel it is a sub-
urban centre. It is not treated any more as an industrial
town only. A number of prominent developers have
huge residential schemes there. Similarly, a large
number of commercial centers are being planned here.
So, a number of factors like connectivity, cheap land
and government’s priority are the key factors behind
Naroda’s growth.”
Though, Naroda has truly emerged from just being a
neglected industrial zone to the sought-after residential
location, the property rates have been relatively very
modest with apartments still available in a price range
of Rs 1200-2400 per sq ft. That kind of location within
this price range is not available in other developed
locations of the city. So, Naroda realty market definitely
has bright prospects.
Property prices head northwards in Surat
The prices of properties in Vesu, Dumas, Bhimpore and
Piplod are witnessing a sudden boom ever since an
announcement was made recently by some diamond
merchants about their plan to set up operations of Surat
Diamond Bourse (SDB) on Dumas Road in the city.
These areas are experiencing a sudden boom after an
announcement was made about setting up of SDB
either in Umra or Athwa municipal zone.
There is expectation that some city areas would see
speedy development. Land rates have gone up by Rs
10,000 per square yard especially in Dumas in the last 15
days, precisely for this reason. The property rates could
go up by at least 25 per cent in the next six months.
RE/MAX AROUND THE WORLD
RE/MAX #1 in National Brokerage Surveys
A respected consumer survey by Marketing magazine shows Canadians know and trust the
RE/MAX brand. Results from the Marketing/Leger“Corporate Reputation Survey”were based
on responses from 2,100 Canadian consumers, assessing 234 companies in 36 industries. The
survey appears in the magazine’s May edition and ranked RE/MAX #28 - the top real estate
brand - ahead of other trusted companies such as Apple, Amazon, Walmart, Facebook and
McDonald’s.“It’s an honor to be recognized by consumers as a top company, one that they
trust to help them with their families’biggest investment - buying or selling a home,”said Dave
Liniger, RE/MAX Chairman and Co-Founder.“Our agents offer professional and caring customer
service. There’s no better satisfaction in knowing that the hard work you do every day can
make a real difference in someone’s life.”
Read Morehttp://www.remax.com/c/about/news_article/re-max-one-of-canadas-most-
trusted-brands
Once again, real estate agents affiliated with RE/MAX rank among the most productive in the
United States. Data contained in two national surveys show that, among the national franchise
brands, RE/MAX had the highest per-agent home sales in 2013. The REAL Trends 500 data
shows RE/MAX agents averaged 17.8 transaction sides compared to an average of 8.4 for all
other agents in the survey. Similar results were found in the RISMedia Power Broker Report
where the difference was 17.5 vs. 8.4..
“These respected industry surveys regularly show that RE/MAX agents perform at a very high
level,”said RE/MAX CEO Margaret Kelly.“Real estate is a highly competitive industry, but it’s
clear that when consumers choose an agent, they look for an experienced person they can
trust with a complex financial transaction.”
RE/MAX has held #1 market share in the United States and Canada every year since 1999.
Agents affiliated with RE/MAX regularly earn high scores for their productivity in these annual
surveys of the country’s largest brokerages.
Read More :http://www.remax.com/c/about/news_article/re-max-1-in-national-
brokerage-surveys
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FROMAY17-182014NEHRUCENTER,WORLI,MUMBAI
FOLLOW-UP EVENT AT HINDU GYMKHANA, MARINE LINES,
MUMBAI 24TH MAY
FIRST BAMT PROGRAM CONDUCTED AT RE/MAX MGM
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RAHUL JAIN
NISHA TRIVEDI
SAHIL PATEL
BAMT FEEDBACKS
The training was well designed and useful for our day to day business. It was very
interactive rather than just a theoretical knowledge. The trainer was adhered to the
topics of the training. It was truly great learning experience.
ThetrainingwastailormadeandcoveredmajorityofthetopicsandissuesaBAwould
have and would come across in his day to day work. It was very helpful as the topic
were explained in-depth. As a BA, I found it very relevant to my work. The trainers
were had amazing know-how of there verticals in the real estate field, and were
very cooperative in reverting to all the queries that BA had. They all were effective
communicators. The training was over all was bang on. It was a great learning
experience, and was a knowledge booster for me. I would surely recommend other
BA to attend such training as it would help us in working efficiently and effectively.
Trainingcontentwascompletelyrelevantformyrealestateworkandwaseasytounderstand.
It was more of practical and very useful for me especially the session on social media. The
trainer explained us the subject very well, in depth and proficiently. Largely I would rate it
an excellent training and would like to refer to my other colleagues.
It was a great learning and entirely relevant to my work as a Real Estate professional. It was
practical, attentive training session as the trainer was so effective communicator. I would say
it was good experience and I would like to participate for such wonderful training programs
in future. In the main it was an exceptional training and would suggest other affiliates in my
office to be present at such training programs.
PARSHVA VAKHARIA
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NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX
RE/MAX MGM
Safal Profitaire, Block A, G5,
Corporate Road, Opp.
Prahladnagar Garden Road,
Ahmedabad – 380 015
Phone : +91 99090 66999
Email: mgm@remax.in
Please send us your reviews about this
month’s newsletter. Feel free to give your
suggestions and we will incorporate the
same in coming newsletter.
Send your suggestions to :
ppandya@remax.in
Regarding the feedback about the training content, I would like to say that the pattern in
which the training was conducted was commendable. The content of the training sufficed
the required details and provided in depth details especially to fresher like me to this
industry.
The training has surely helped me in providing better details to my investors and has
provided me with useful knowledge. The training faculty, Mr. Pranav Pandya has conducted
thistraininginverynicewayandhemademorelikeaninteractivesession.Ihighlyappreciate
the visiting speakers who helped us in improving our horizon on the real estate. Mr. Anand
Choksi and Mr. Nirav provided us good knowledge and shared useful tips with us.
I would like to summarize that I really enjoyed attaining this training and it is surely helping
me in my business. I would rate this training as excellent and would definitely look forward
to attain such session in future.
Thanking you for the efforts made by you in helping us to work in a better way..
It was indeed a great pleasure to hear & learn from some of the best speakers who shared
their experiences and taught us the various ways to gain monetary profits keeping clients
satisfaction on priority.
I am really looking forward for more of such power packed training sessions in near future.
Thanks To RE/MAX Team for their innovative effort in carrying out the BAMT sessions and
really thankful to our RE/MAX regional office for conducting it in the most informative and
interactive way.
HINA DHANAK
BHAVESH VORA
MOLINA SHUKLA
I found this training program comprehensive and was easy to understand. The
trainer made this class an engaging learning experience and did a good job of
handling and answering questions. It was an excellent training session, an excellent
trainer and I am looking forward to accomplish more knowledge from such training
programs.