MGM NEWSLETTER
February - 2014
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
HighLIGHTS
»» Management Speak
»» New Broker Associates
»» Regional Owner in refresher Training
Course
»» Online Trainingdone in FEBRUARY
»» MONTHLY BO MEET
»» PROSPECTS’ VISIT TO REGION
»» RISHTA Rotary Conference in Daman
»» REALTY BITES
»» 5 Things to watch out when buying an
apartment
»» Which city has highest office rental?
»» Design your bedroom with Vaastu help.
RE/MAX Mumbai Gujarat Maharashtra
Management Speak:
Dear Associates,
We will be in the month of March when you would be reading this
newsletter of February 2014. First two months of New Year seems
promising for Indian Real Estate. While Indian economy showed its
early signs of growth in recovery in the end of 2013, but headwinds
such as threat of inflation, uncertainty in global capital flows and the
upcoming 2014 general elections prevail. It is expected that 2H-
FY2014 should record a growth rate of over 5.0%, which is positive in the near-term. Rising Inflation
is likely to result in further increase in cost of construction. The increase in cost of finance has lead
private financial institutions to switch from equity to debt funding.
Through it all, residential developers pinned their hopes on the Diwali festival season, which
usually brings with it a 25-30% rise in home purchases a month or so before it actually arrives.
In anticipation of the coming demand, they kept their stated prices steady; instead of hard dis-
counts, many smaller developers offered freebies and add-on incentives. Some centrally located
projects even showed marginal increases. The ‘freebie’ strategy failed noticeably, with home
purchases increasing by no more than 10-12%. By and large, the sales that did happen took
place on the basis of discounts wrangled on the negotiation table.
Rental and capital values are expected to grow in 2014, and yields are likely to compress further.
The present cautious buyer sentiment is likely to continue until the first half of 2014. In 2H2014,
post the elections, fence-sitting investors are likely to become active leading to a gradual revival
in absorption. Close to 900,000 sq.m of additional retail space supply is going to hit the pipeline
in 2014.
Also, because of the high demand for ready-to-move-in residential properties in all major cities, there
will be price increases to be seen in projects that are being delivered or are close to completion. The
mid-end and affordable housing segments will record healthy appreciation in capital values in the
short term from a low base. The provisions made for this segment in the recent interim budget to help
the affordable housing sector have paved the way for increased activity in 2014.
As you all know RE/MAX MGM is hosting 5th RRR, its yearly conference, in Ahmedabad this
time, I appeal all our Broker Owners and Associates to register in maximum number and let the
world know the strength of RE/MAX brand in Ahmedabd and Gujarat.
In our endeavour to help our broker office and agents we keep doing several events, tie-ups and
online webinars to impart constant education and updation.
Wish you all a happy March ending and lets start a new financial year on a high note When new
Financial year starts In April 2014.
Aashil Patel
Regional Director
RE/MAX Mumbai Gujarat Maharashtra

RE/MAX Mumbai –Gujarat – Maharashtra
RE/MAX Mumbai Gujarat Maharashtra registered 02 new agents in the month
of February2014. Probably this was the first time when the number is so low.
I hope all our Broker Owner will focus on Recruitment and recruit more agents
this month. RE/MAX MGM congratulates all these Broker Associates for join-
ing RE/MAX and wishes them all the best.
RE/MAX Kunvarji Chirag Shah
RE/MAX Property Clinic Jitendra Desai
ONLINE TRAINING IN FEBRUARY 2014
Date Session Name by
12-Feb-14 Ideas for Lead Generation Pranav Pandya
26-Feb-14 Fall in love with ONLINE Consumers Pranav Pandya
REGIONAL OWNERS’ VISIT TO DENVER AND LAS VEGAS FOR REGIONAL
OWNERS’ TRAINING AND R4 CONVENTION
The yearly R4 convention is being held in Las Vegas in March 2014 and Mr. Manan Choksi and Mr.Pranjal Patel are two regional owners
representing RE/MAX MGM.
Mr. Manan Choksi who believes in on-going Training and education, took a refresher course on Regional Owner’s Training on How to run
regionssucessfully. He says. “Training at RE/MAX Head Quarter, Denver is justover ! It was a rigorous 5 day training program which started
at 8:30 AM every day and taught us how to run the region. I came for a refresher after 4.5 years. Made new friends and learnt a lot. Now
going to Las Vegas for the RE/MAX convention”

RE/MAX Mumbai –Gujarat – Maharashtra
Monthly Broker Owner Breakfast Meet:
The broker owner meet for the month of February was held in the first week of February and Mr. Manan Choksi and Mr. Aashil Patel discussed
various points like aggressive recruitment of Broker Associates, Listing Drive launched by region to motivate agents to get and upload more
listings, Launch of RE/MAX Corporate Services with a view to do more transactions in RE/MAX Network, RRR 5 dates were announced and
Broker Owners were asked to get maximum registrations from our region. All our Broker Owners extended their helping hand for RRR 5.
PROSPECTS VISIT TO RE/MAX MGM H.O.
RE/MAX MGM invited few BO prospects to Ahmedabad from Rajkot, Pune and New Mumbai to its head office in Ahmedabad and they
discussed about RE/MAX business model and visited successful offices in Ahmedabad and had meetings with regional owner, sales team
and Franchise development manager. Overall they went back with good impression about RE/MAX and its business model. RE/MAX MGM
thanks Broker Owners who spent time with these prospects.
MR. C K Taneja who is now Regional Owner of Haryana came to RE/MAX MGM Ahmedabad office with Mr. Puneet Verma, Vice President of
RE/MAX India and met Regional Owner and Other Brokers Owners before he signed up as Regional Owner.
Mr. HaardikNayak, Broker Owner of RE/MAX Property Clinic, Navasari was event chairman of 44th District conference of R I
Dist 3060 held in Daman on 7-8-9 February 2014 and he also kept big stall of RE/MAX there. RE/MAX MGM’s Franchise
Development Manager participated in this conference and witnessed this broucher in the hands and pockets of over 2000
delegates. It was amazing to see RE/MAX everywhere and people asking and getting more information about RE/MAX and
projects from the RE/MAX stall there. Kudos to Mr. HaardikNayak for successful event and spreading RE/MAX.

RE/MAX Mumbai –Gujarat – Maharashtra
RealtyBites :
Construction cost has increased by 40% in two years, while taxes have also gone up. This eliminates any
scope for reducing prices..
The Indian real estate sector continues to be a favored destination for global investors. The urban population will surge in the coming years,
which, coupled with growth in employment, education and health care, will push the demand for residential and commercial space.
Urbanization has been rapid in the past few years, with ‘upwardly-mobile’ buyers keen to invest and reap dividends from the real estate mar-
ket growth. Increasing migration to the cities will drive this demand. Also anticipate a rise in sales of housing property following the recent
stock market rally and a slew of optimistic RBI rules to allow foreign banks into the country’s protected banking ecosystem. Steady housing
demand will be a big constant for the Indian economy this year, and the industry will focus on meeting this demand.
Read More :http://businesstoday.intoday.in/story/expert-outlook-on-prices-in-real-estate-sector-in-2014/1/201881.html
Global investment in realty sector to reach $45 trillion by 2020
Driven by rapid urbanisation and demographic changes, especially in emerging markets, global investment in the real estate sector is likely
to increase 55 per cent to $45.3 trillion by 2020 from $29 trillion in 2012, according to PwC.
PwC in a report ‘Real Estate 2020: Building the Future’ said that the investment in developing Asia-Pacific countries, which includes India,
is likely to rise by 140 per cent to $10.2 trillion by 2020 from $4.3 trillion in 2012.
Read More : http://economictimes.indiatimes.com/markets/real-estate/realty-trends/global-investment-in-realty-sector-to-reach-45-tril-
lion-by-2020/articleshow/31114504.cms
Tata Housing to invest Rs 1,200 cr in retirement homes
Tata Housing will invest Rs 1,200 crore over the next five years on developing 13 housing projects for senior citizens.
Tata Housing - a subsidiary of Tata Sons - has already launched the first project ‘Riva Residences’ in Bangalore and will now expand pres-
ence in the senior living
segment by taking the concept to
eight more cities. There are 98 mil-
lion people of 60 years and more
in India and this number is going
to double by 2030. Read More
:http://economictimes.indiatimes.
com/markets/real-estate/news/
tata-housing-to-invest-rs-1200-cr-
in-retirement-homes/article-
show/31339595.cms
Which city has
highest office rent-
al?
Office rentals may have seen a huge
shakeup in the recent past. But New
Delhi continues to rank among top
10 cities with highest rentals. On
top of the heap is London.

RE/MAX Mumbai –Gujarat – Maharashtra
What does RE/MAX do?
It’s a complicated question, but it ultimately comes down to guiding buyers and sellers toward their greatest accomplishments. It’s happen-
ing every day, all over the world. See below link.
http://www.youtube.com/watch?v=8_6COozINbo&feature=youtu.be
5 Things to watch out when buying an apartment
Builders and developers use various tactics to market their properties. The lack of regulation from the Government allows builders to use
various methods to promote expensive projects and hide inflated prices. Here are some of the things that you should watch out for when
buying an apartment.
Watch out and be wary of pre-launches
Promoters and builders use the pretext of pre-launch to raise capital even before getting necessary approvals. There are instances when
builders launch projects even before buying the land. There is no legal protection for a consumer who purchases such pre-launch projects.
Most buyers find that their initial plan and allotment change significantly when the project is launched with due approvals. There are certain
instances when the project is not launched and the buyer’s capital is locked at meager interest.
Look at the carpet area
Most builders use the super built up area to promote their project cost. The cost could be accurately analyzed if the price is quoted against
the carpet area. Carpet area is the actual livable area and is often considered to be a good measure to evaluate accurate pricing. It is not
difficult to calculate the carpet area but it is often not disclosed by the builder. The price per sq. ft. could be much higher if carpet area

RE/MAX Mumbai –Gujarat – Maharashtra
is used for the calculation. A consumer can find the carpet area and then evaluate the price per sq. ft. using this carpet area to arrive at a
price. The services and amenities offered could be priced on top of this price to evaluate different projects. Pricing using carpet area helps
a consumer understand the price for usable and non-usable area. If the price for non-usable area is very high, the amenities need to be
evaluated for the additional price. If project A and project B are priced at Rs. 15,000 per sq. ft and Rs. 20,000 per sq. ft. (computed using
carpet area) respectively, and both offer similar amenities and have similar quality of construction, it is very easy to eliminate project B if
carpet area is used for the pricing.
Watch out for Preferred Location Charges (PLC)
The most common PLC are view and floor. In some cities, it is common to charge additional price for certain directions (such as east, north,
south, west). Marketing tricks are used to tap the sentiments and preferences of consumers. It is a common practice by builders to publish
prices for the most un-preferred flats and raise the price for providing basic necessities such as proximity to windows, cross ventilation,
etc. It is vital to look closely at the plan and price before deciding a flat. If the buyer changes the preference, he/she may be in for a surprise
due to PLC added to the new preference.
Watch out for Delays
Builders often don’t meet the expected deadlines for projects and collect a significant portion of the total cost during the initial phase of the
building. If the buyer delays payment of installments, the buyer is charged with significant penalty while if developers delay the completion,
they end up paying a very modest compensation. The buyer has to spend significant time in analyzing the builder’s agreement to ensure a
two sided and even approach, and avoid builders with one sided approach. District Consumer forums are effective if the value of litigation
is below Rs. 20 lakhs and could help a buyer resolve issues much quicker. There are certain instances where there are significant delays in
reaching a judgement in these forums too. Looking at the judgement section can help understand common issues faced by buyers.
Ask for approval letters
Buyers prefer to have the legal documents verified before the installments are paid. Most builders significantly delay the release of these
legal documents and put the buyers under emotional distress. Since the installments are due on specific date or linked to the construction, it
is often difficult to withhold the payment for want of documents. It might be useful to tie the documents and payment together as a clause in
the agreement, if the developer is willing to include it. Buyers who are risk averse could look for alternatives if such a clause is not included.
Design your bedroom with Vaastu help.
Most of us are unaware of the influence of our surroundings on us.
People are unaware of the fact that the positioning of rooms in their
house plays a major role in relationship. Often we know that there is
disharmony, stress, discontent and arguments, but how many of us
realize that the underlying cause can come from our environment!
VaastuShastra plays a major role in the placement and designing
of the master bedroom. The way one sleeps with their head in the
different direction and the placement of the bed is a major decision
one must take very carefully.
Following are few points one should always consider to improve
their love life:
• The master bedroom should always be located in the South-
western part of the house
• There should never be a worship place within the bedroom
• The bed should be kept at least 4” away from the walls
• The shape of the bed should be regular and any irregular shape
should be avoided
• The bed should never come exactly in front of the bedroom
door.
• All the electronic gadgets should be placed at a distance from
the bed as the Electro- magnetic waves emitted by them inter-
feres with the sleep
• Never keep exposed mirror in the room and especially in front
of the bed
• Avoid dead dried / artificial flowers in the bedroom
• Use single mattress on the double bed
• Oil the doors to prevent creaking noise
• Avoid any kind of clutter in the bedroom
• If you place any artifacts / pillows, make sure it is in pair.

RE/MAX Mumbai –Gujarat – Maharashtra
Mr. MANAN CHOKSI RECEIVING AWARD FROM MAYOR OF AHMEDABAD
FOR HIS ROLE IN IMPROVING THE PLIGHT OF MUNICIPAL SCHOOLS
Read More :https://www.facebook.com/photo.php?fbid=10153854397890713&set=a.337503570712.342535.33749
4275712&type=1&theater

RE/MAX Mumbai –Gujarat – Maharashtra
RE/MAX PROPERTY CLINIC, NAVASARI’s stall at Rotary District confer-
RE/MAX MGM
Safal Profitaire, Block A, G5,
Corportate Road,
Opp. Prahladnagar Garden Road,
Ahmedabad – 380 015
Phone : +91 99090 66999
Email: mgm@remax.in
NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX