1. RE/MAX Mumbai Gujarat Maharashtra
March 2013 Newsletter
www.remax-mgm.com

2. INDEX
• NEWSLETTER for MARCH 2013
• Content
• Management Speak
• New Broker Owners & Associates
• Broker Owner Meets
• Events and Seminars
• RE/MAX in News
• REALTY NEWS
• RRR IN GOA
• Photo Gallery
www.remax-mgm.com

3. Management Speak
• The financial year -2012-13 ended on a positive note of one new office
getting added in RE/MAX MGM – a very warm welcome to RE/MAX
Revolutions. We added a few agents and did a lot of transaction. The
RE/MAX story in India solidifies itself by slow but steady growth and
the spread of roots On 1st April 2013, data was released in newspapers
about the number of deals done in Ahmedabad market. We are proud
to announce that we have achieved 1% market share in the entire
Ahmedabad market, total size of which is about Rs. 20,000 crore
annually. Our aim is to capture around 30% market share, so we have a
long way to go.
Manan Choksi
Regional Director
Mumbai Gujarat Maharashtra
www.remax-mgm.com

4. • Since last 3 years, every march we have the half yearly BO
meeting in 3 cities of Ahmedabad, Mumbai and Pune. This year
also we had the same and it was good to see BO exchanging
ideas, thoughts and best practices which reassure us that we are
building a strong network. Usually the ROs and the RO staff
present during the meetings, however as we grow, we are seeing
that BO themselves are taking the centre stage of the
discussions. This shows how the company is evolving.
• India on the other hand is also developing as a country and the
government has started discussions on a real estate regulator. It
is not a coincidence that wherever RE/MAX goes the markets
get sophisticated. Our mere presence prompts the real estate
sector to improve. We welcome this move and it is a matter of
time when our market gets as regulated as in other countries.
www.remax-mgm.com

5. • On the training side we are pleased to inform that our online sessions
have been regularly getting attended by our members. It motivates us to
continuously provide relevant training matching to international
standards. Taking the cue from the success of RE/MAX MGM’s online
training initiatives; RE/MAX India and RE/MAX International have
also started training programs online.
• RE/MAX participated in Awards function and property shows in
Mumbai in March. A continuous commitment of building brand of
RE/MAX in a manner which benefits all the affiliates of RE/MAX. The
RE/MAX MGM Facebook page (www.facebook.com/remax.mgm)
crossed the 10,000 likes mark and we are now almost 11,000. This
shows we are the most “liked” international brand in the MGM region.
Wish you loads of financial success this financial year! Happy 2013-14!
www.remax-mgm.com

6. New Broker Office : RE/MAX Revolution
• RE/MAX Mumbai Gujarat
Maharashtra welcomes new
Broker Office RE/MAX
REVOLUTIONS and the
broker owners Mr. Vivek
Mistry, Mr. Jay Thakkar & Mr.
Viral on board and wishes
them all the very best
www.remax-mgm.com

7. RE/MAX GUJARAT Added 8 new Sales
Associates
RE/MAX Plus Niraj Shah
RE/MAX Plus Rohitraj Keshwani
RE/MAX Plus Sahil Patel
RE/MAX Plus Vikram Chandnani
RE/MAX Plus Yatin Gor
RE/MAX Metro Ketan Raval
RE/MAX FIRST CHOICE Siraz Padhiar
RE/MAX Hallmark Realty Prakash Menon

8. • Did you know that our RE/MAX Global team puts on more than 10
educational online webinars a month, and if you are a RE/MAX
affiliate, there is no cost!
• Want information about these educational webinars? Email at
globaltraining@remax.com!
www.remax-mgm.com

9. ONLINE TRAINING IN MARCH 2013
Date Session Name YouTube Video Link
27/2/13 Working on Sole Selling Project Working on sole selling project video
6/3/2013
Real Estate Marketing Basics for an
Agent
Real Estate Marketing basics for an Agent
video
13/3/13 15 Mistakes of BA To be uploaded very soon
20/3/13 Working with investors To be uploaded very soon

10. Broker Owner Conferences in Mumbai,
Pune and Ahmedabad held in March 2013
• RE/MAX Mumbai Gujarat
Maharashtra organized broker
owner meets in above three
cities on 22nd, 23rd and 25th
March respectively. Every year
these broker owner meets are
held twice a year where all the
broker owners come and the
achievements and concerns of
region and its broker offices of
previous half year is shared
with all the broker owners and
strategy for next period is
discussed www.remax-mgm.com

11. • All the three broker meets were
full of energy because of active
participation of Broker owners.
All the broker owners discussed
the new 100% model and how to
get more agents now by passing
on maximum brokerage.
• Mr. Harit Parikh, Broker Owner
of RE/MAX REALTY
SOLUTIONS shared his valuable
experience of R4 convention
which he recently visited in LAS
VEGAS.
• Mr. Manan Choksi shared
marketing ideas in these BO
meets. Mr. Aashil Patel shared
Importance and ways of doing PR
in real estate industry. Mr. Sahil
Shah shared few ideas on
recruitment and importance of
having agents at 100% sharing. www.remax-mgm.com

12. Broker Owner Speak
Manisha Mehta
Broker Owner
RE/MAX MATRIX, MUMBAI
Where do you see market 5 years from now?
www.remax-mgm.com

13. • Housing prices have soared much higher than the reach of average Indian
in the past decade at an annual rate of 14%. However, price appreciation
has slowed significantly during 2012 in the top seven cities of the country.
• Owing to sluggish sales and increased holding and construction cost, the
real estate scenario has found itself in deep waters. It looks like the
market will remain in a lull for some time to come. Investors with money
in hand can look for great deals and opportunities due to the distress
monitory requirements of builders. Rental housing will take a big jump in
the next two years. And then the after a pause, demand for end use will
begin sprouting once again. Because there is a real need for homes
• Fortunately or unfortunately the beneficiary in the entire process seems
to be going in the investor’s favor, one who has the funds and risk
appetite to get great deals from the developer and wait till the time the
end user wakes up once again to his needs.
www.remax-mgm.com

14. Broker Associate Speak
Amish Vyas,
Broker Associate
RE/MAX METRO, Ahmedabad
“Open More Leads, Close More Deals.”
www.remax-mgm.com

15. • While it is a wonderful idea to get into the real estate business, it is
important to stress the fact that you must make goals to help guide your
business. Your goals need to be long term as well as short term. While you
are making goals, you must make sure you are making plans to actually
help you achieve your goals
• At present Real Estate business is one of the fastest growing businesses.
Day by day many people are experiencing success in this field. There are
some basic strategies you have to learn if you are a newbie. If you want to
develop your skills in this field, real estate seminars and courses are the
best way. By participating in seminars you can surely become successful
in this field by gaining some knowledge.
www.remax-mgm.com

16. • If you are trying to make a good business from real estate you need to
invest in a planner to help you keep your contacts organized, as well as
make sure you schedule time to actually actively look for property. If you
do not schedule time to actually look for property then you are mostly
relying on luck and chance to help your business grow. With the help of
Real Estate seminars and courses, you will be able to gain the complete
knowledge on Real Estate business. There is no any difficulty in this
field. All you have to do is completely understand the techniques which
you have to use in order to succeed in your business. You can be your
own boss once you learn all the tactics of this field.
• I have gained a lot here in terms of money, respect, clients, relationship,
and business everything. This is not the business in which we reap today
and get the fruit tomorrow we have to wait for the results.
• Here 90% is smart work and only 10% is hard work. It’s so simple
“Open More Leads, Close More Deals.”
www.remax-mgm.com

17. OPEN HOUSE BY RE/MAX REALTY SOLUTION AHMEDABAD

18. • RE/MAX REALTY SOLUTION has planned an open House of a
Bungalow in Manekbaug and has invited people through social media,
email campaigning and personal contacts.
• This 4 BHK Bungalow has a well-planned layout with formal living room,
family room / TV room, dining room and kitchen with 1 Master bedroom
on the ground floor. There is also a lounge area with 3 bedrooms,
balcony and study room on 1st floor. The house has great ventilation and
natural light throughout the day. Exterior elevation of the house is well
maintained too. The Property is exclusively marketed by RE/MAX Realty
Solutions.
• To have more details about these houses click the link below:
http://www.remax.in/505023005-131
www.remax-mgm.com

19. www.facebook.com/remax.mgm)
www.remax-mgm.com

20. • The RE/MAX MGM Facebook page (www.facebook.com/remax.mgm)
crossed the 10,000 likes mark and we are now almost 11,000. This
shows we are the most “liked” international brand in the MGM region.
www.remax-mgm.com

21. New RE/MAX Marketing Platform Wins
Achievement Award
• (Denver, CO) – RE/MAX LLC, a global leader in real estate, has been
recognized with the Marketing Achievement Award from the Real Estate
Marketing Insider for the company's "Design Center" platform. The award
is given each quarter for improvement or innovation in the art of real estate
marketing. This month, RE/MAX launched an updated version of "Design
Center," created by Imprev. The new platform features a more intuitive
user interface, and offers agents and offices more enhanced marketing
capabilities.
• "Since Design Center first debuted in 2006, our agents have had access
to state-of-the-art marketing tools," said Abby Lee, RE/MAX Vice
President, Brand Marketing and Advertising. "The new platform makes
it even easier for them to grow their business through improved
visibility with home buyers and sellers. It's just one of the no cost tools
that RE/MAX provides our network."
www.remax-mgm.com

22. • The new Design Center allows agents to create and distribute
professional marketing materials, both digitally and via snail mail.
Agents can post their material on the internet to a number of websites
and aggregators, remotely print paper materials, such as postcards,
flyers and brochures, and also measure the impact of email or online
campaigns. The redesigned platform also helps agents streamline their
business and allows them to be more accessible to their clients.
http://www.remax.com/c/about/news_article/new-
re-max-marketing-platform-wins-achievement-
award
www.remax-mgm.com

23. RE/MAX Celebrates More Than $128
Million in Total Donations
• DENVER - As a proud partner of Children's Miracle Network
Hospitals®, RE/MAX, LLC has made a mark - an $8.2 million mark
- in contributions to the nonprofit organization over the past year
alone.
• The partnership between RE/MAX and CMN Hospitals developed in
1 992 and has grown continuously since. To date, RE/MAX agents
have donated more than $128 million to help fund life-saving
treatments with advanced medical equipment, cutting-edge
research and continuing education
www.remax-mgm.com

24. • "More than 20 years ago, we aligned with an organization that
shared the same deeply rooted value of family," said Gail Liniger,
RE/MAX Co-Founder and Vice Chair. "The millions of families our
agents have helped Children's Miracle Network Hospitals reach is
beyond what we ever imagined.”
http://www.remax.com/c/about/news_article/re-max-celebrates-
more-than-128-million-in-total-donations
www.remax-mgm.com

26. REALTY NEWS
Godrej launches affordable housing project in Ahmedabad
• Godrej Properties Ltd has launched one bedroom-kitchen-hall (1BHK)
houses in the affordable segment at its upcoming Godrej Garden City in
Ahmedabad.
• The Mumbai-based real estate developer would market these affordable
apartments at prices starting at Rs 16.5 lakh, the company said in a
statement here.
• Five new towers, each having 13 storeys, including the ground floor, will
offer these apartments measuring 600 sq. ft. each. Each tower will be
equipped with 2 lifts and all apartments are open from two sides with no
two apartments overlooking each other.
• The project is within the Ahmedabad Municipal Corporation (AMC)
limits. Godrej Properties is creating facilities for public transport,
education, health-care, recreation, hospitality, retail and banking within
the development. www.remax-mgm.com

27. Indian real estate market investment volume at Rs
19,000 cr in 2012
• India was ranked 20th among the top 20 real estate investment markets
globally with investment volume of Rs 19,000 crores recorded in 2012.
• According to Cushman & Wakefield’s latest report, International
Investment Atlas, China remained the largest global investment market
overall thanks to the surge in land sales seen in late 2012. The US was
placed in the second position, followed by the UK in third place.
www.remax-mgm.com

28. • The majority of the investment in India was through institutional sales
(67 per cent), while the remaining was through private equity (PE)
investments (33 per cent). The market witnessed institutional sales
(excluding apartments) of Rs 12,800 crore, concentrated in
commercial development sites and the office segment, including
standalone and pre-leased office buildings. While the investments in
institutional sales declined 37 per cent over the last year, private equity
investment in India increased by 7 per cent in 2012 and was noted at
Rs 6,200 crore, the report said.
• In terms of value, the majority of private equity in real estate (PERE)
investments was noted in ready income generating / operational office
assets at Rs 3,230 crore, which saw an increase of 34 per cent over
2011. Under-construction residential projects continued to witness the
highest number (25) of PERE deals in 2012 and witnessed private
equity investments at Rs 2,850 crore.
www.remax-mgm.com

29. Realtor body against Budget proposal of
1% TDS on property deals
• Confederation of Real Estate Developer's Associations of India
(CREDAI), has sought withdrawal of Budget proposal to levy 1% tax
deducted at source on any property deal other than agriculture land.
In a recent representation sent to the finance ministry, the realtors' body
has argued that implementation of this proposal will lead to more
complexities and harassment of consumers. "We are seeking withdrawal
of this proposal completely. This will lead to harassment of consumers,
especially the buyer who is being burdened with additional
responsibility to withhold the amount, deposit this to tax authorities and
file returns," said Lalit Kumar Jain, chairman, CREDAI.
http://economictimes.indiatimes.com/markets/real-
estate/news/realtor-body-against-budget-proposal-of-1-
tds-on-property-deals/articleshow/19315117.cms
www.remax-mgm.com

30. RE/MAX India Convention: Meet on
the beach April 26-28
• Business trips don’t get much more exotic than this.
www.remax-mgm.com

31. • RE/MAX Affiliates from around the world are invited to work - and
play! – at RE/MAX Realty Rendezvous, the 4th annual RE/MAX
India Convention.
• The meeting will be held April 26-28 at the Majorda Beach Resort along
the stunning beaches of Goa, in west India. The Convention will offer
networking meet-and-greets, along with training sessions and
workshops.
• Organizers say, the gathering will offer serious business opportunities
in a country ranked as a major, growing economic hub whose
thousands of well-to-do investors are looking to buy property
internationally.
• Don’t miss out on an exciting trip you can still call "work."
www.remax-mgm.com

32. BO MEET WITH PUNE RE/MAX
FRANCHISE OWNERS
www.remax-mgm.com

33. ACCOMODATION TIMES NATIONAL REAL
ESTATE AWARDS SPONSORED BY RE/MAX

34. Harit Parikh sharing his experience of
R4, Las Vegas at Ahmedabad BO Meet
www.remax-mgm.com

35. Mr. Aashil Patel, Regional Owner explaining
about effective PR Program in BO Meet
www.remax-mgm.com

36. Mr. Tushar Gandhi, Broker Owner, RE/MAX
Vintron sharing his vast experience in Real
Estate Broking Industry.
www.remax-mgm.com

37. 27th National Real Estate Awards
Photo
www.remax-mgm.com

38. Make the decision that will make your life
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