RE/MAX Mumbai Gujarat Maharashtra Newsletter May 2014

MGM NEWSLETTER MGM NEWSLETTERAPRIL 2014 APRIL 2014

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RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA

RE/MAX MGMSafal Profitaire, Block A, G5,Corporate Road, Opp.Prahladnagar Garden Road,Ahmedabad – 380 015Phone : +91 99090 66999Email: [email protected]

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 NEWSLETTERRE/MAX Mumbai Gujarat Maharashtra MAY 2014



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RE/MAX Mumbai Gujarat Maharashtra registered 4 new agents in the month of May2014. 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 GujaratUK 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. It initially flourished with the establishment 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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FRO MAY 17-18 2014 NEHRU CENTER, 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.

The training was tailor made and covered majority of the topics and issues a BA would 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.

Training content was completely relevant for my real estate work and was easy to understand.

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 MGMSafal Profitaire, Block A, G5,

Corporate Road, Opp. Prahladnagar Garden Road,

Ahmedabad – 380 015Phone : +91 99090 66999

Email: [email protected]

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 : [email protected]

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 this training in very nice way and he made more like an interactive session. I highly appreciate 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.