RE/MAX Mumbai Gujarat Maharashtra Newsletter September 2013

RE/MAX Mumbai Gujarat Maharashtra

MGM NEWSLETTER
September - 2013

HighLIGHTS
»» Management Speak
»» New Broker Associates
»» Online Trainingdone in SEPTEMBER
»» BO & BA SPEAKS
»» International RE/MAX News
»» Events and Seminars
»» Properties for Sale
»» Creative designs for various days
»» Photo Gallery

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

RE/MAX Mumbai –Gujarat – Maharashtra

Management Speak:
Happy Navratri to all RE/MAX Affiliates!
I welcome all our new associates who joined in September
2013 to a world where ‘everybody wins’. May you keep
adding to the success of RE/MAX and prosper along with
us.
Let me now take you on a round of the hustle bustle of
activities which marked September. It is a matter of pride
for our company as we celebrated our 4th anniversary this
month. It has been a pleasant journey, not without its ups
and downs, but we have emerged successful and can put
down the failures as experience. Together we have grown
and can look ahead to a great future.
The celebration was further enhanced by the presence of
Mr. Sam Chopra, Chairman of RE/MAX India. We added
another feather in our cap with our national tie-up with
Godrej, an event graced by the presence of our Chairman.
This tie-up is very important and is going to further seal
our name as one of the best in the RE world.
The good part about this month apart from the festivities,
is that the recent slump in the real estate market is expected to bounce back when the inauspicious period of shraddhpaksh ends with the
advent of Navratri.
This may also be the right time for value buying and we should make that our main USP We need to focus on the upside of the dollar being
.
stronger than the rupee now. NRIs will find it easier to invest in real estate now and we can expect more business from NRIs.
The upcoming General Elections is also expected to have an impact on the RE market, regardless of who sits on the throne! So let us gear
up for what is to come, and save for a rainy day by doing brisk business now.
The LokSabha is expected to pass the bill on Real Estate and this will empower the consumer further. This bill will affect us and we need to
steer clear of the oligopoly that is expected to follow in the RE market.
Another achievement for us is that we have successfully completed the Buffini series and this will indeed help our progress and make us
smoother and better in our endeavours.
We are pleased to announce that we are now publishing our own magazine, REAL ESTATE MAXIMUM, and the inaugural issue of October
was launched by our Chairman, Mr. Sam Chopra. This magazine will cover the latest trends in the real estate world.
In a bid to make training more relevant, our next module will cater to the needs expressed to us specifically by our BOs and BAs. They can
send in their suggestions to mgm@remax.in
May the festival bring colour and joy to you and your family!

Manan Choksi
Regional Director
RE/MAX Mumbai Gujarat Maharashtra


RE/MAX Mumbai Gujarat Maharashtra registered 07new agents in the
month of SEPTEMBER2013. RE/MAX MGM congratulates all these Broker
Associates for joining RE/MAX and wishes them all the best.
RE/MAX Dreamz

Dixit Shah

RE/MAX Dreamz

Chirga Sharma

RE/MAX Redux

Tejas Shah

RE/MAX Advantage Plus

ParvezKadri

RE/MAX Ronisun Realty

Mohd Rafi Chougule


SajjadShabbir Shaikh


Bhushan VishwasraoRaut

ONLINE TRAINING IN SEPTEMBER 2013
Date

Session Name

4th-Sep-13
11th- Sep-13
18th-Sep-13
25th-Sep-13

Getting Buyers Off the Fence
The Art of Negotiation
Financial Systems for Self-Employed
How to be Successful Entrepreneur

STOP PRESS
RE/MAX Celebrates Initial Public
Offering on the New York Stock
Exchange which listed at $ 26,
premium of 4$.


RE/MAX Gujarat celebrates its 4th anniversary @ Godrej Garden City
On September RE/MAX Gujarat celebrated its 4th anniversary at Godrej Garden city where Mr. Sam Chopra was the chief guest and he
started the celebration by cutting a cake. RE/MAX also announced a national tie-up with Godrej Properties. Over 100 enthusiasts RE/MAX
broker owners and associates with their office staff attended the event and made the celebrations memorable. RE/MAX MGM launched a
new Real Estate Magazine called “REAL ESTATE MAXIMUMS” for the promotion of real estate in Gujarat and keep everyone updated about
latest trends and news in real estate.


BO SPEAKS:
Vivek Mistry – Broker OwnerRE/MAXREVOLUTION,Ahmedabad
Question: In a buyer’s market, what should a real estate broker do?
Definitely as we all know the market scenario has changed from seller’s market to buyer’s market.With this
changing trend, responsibilities and services of real estate agents towards clients change too.Real Estate
Agent should find properties in accordance with the buyer’s needs, specifications and cost.Real Estate
Agents should not forget to ensure the real budget of the buyer before providing property options.
In this market, any young person that hasn’t bought a house ought to buy one,A buyers’ market doesn’t
come along that often … you just can hardly help but make money on whatever you buy today at the prices
they are.
Rates are only going to go up over the long term, so borrowing will cost more. As there are more buyers in the market a broker should focus
more on collecting properties and spend time marketing it. This will enable real estate agents to provide more options to buyer.
Hope for the best in this upcoming festive season..!

BA SPEAKS:
Devansh Kothari,Broker Associate, RE/MAX Synergies, Ahmedabad
Question: What is the difference or what advantage RE/MAX real estate broker has
over conventional broker?
After working for 4 months as a RE/MAX Real Estate Agent now I can measure edge over normal real estate
consultant and RE/MAX real estate consultant. Some analysis which I did is as under.
As you know real estate broking industry has no organized structure in the market and with RE/MAX one can
get may option to promote his listing in many ways. RE/MAX Associates do marketing by ways of:
Announcements of new listing online which is also supported by Google SEO, Just listed for updating
our client database, Just sold to let people know that we are dealing in such property so further they can
contact us for same sort of requirement, Just participated in a sale to endorse open listing, Free market
analysis where we can educate our client which make impact of consultant in the mind of our client , Brochure,using Design Center, of
the property which is very helpful to client to explain same property to their belongings easily and also reduces exercise to show the same
property for many time to client as client want to show that property to his friend, family and relative before finalizing property. I have got
my own Web pages where I can put all my listing and can also promote same web page without spending anything on it. Using Slide share
and other latest technology tools.


Public Transport: A Key to Real Estate Appreciation?
– Manan Choksi
When the British Govt. started laying down the tracks for Bombay’s local trains back in 1853, little did they know that it would become
the lifeline of one of the world’s largest metropolitan areas. Mumbai’s local train system has helped the city accommodate about 1 crore
migrants from Maharashtra and Gujarat (and other parts of the
country) within itself. The local train route is about 465 km long
today and ferries around 2.64 billion people annually.
Apart from being home to Asia’s oldest transportation system,
Mumbai is also reputed for its costliest real estate. This city has
given the best returns on investment consistently decade after
decade. This makes us ponder on whether there exists a correlation between public transportation investment and increase
in real estate prices?
In my opinion there is a strong correlation as most of the increase in the prices of real estate has been in the land and properties around the local train tracks. A home in the vicinity of
local train stations makes it convenient for people to commute
and hence the middle class buys properties in these areas. The
pointer is there is a 20-30% premium for properties that are within walking distance from stations, compared to other properties in the same
suburb.
A similar story is being written in the NCR region where about Rs. 40,000 crore has been spent on building the most modern Metro system
of the country. It started in 2002 and as of now it has 200 km of line with about 600 million annual users. It will be about 300 km in next
3 years and that will make it the fastest growing metro network in the world. Identical to the correlation seen in Mumbai, Delhi has also
witnessed property prices spiral north wards which has given a steady return in the last decade.


Both the cities have invested heavily in public transportation systems. Delhi Metro has cost the exchequer about Rs. 200 crore per km. This
kind of investment is difficult for India to make in all top 10 cities especially with the GDP growth slowing down.
Gujarat has experimented with a different kind of public transportation, which is BRTS or Bus Rapid Transport System. It costs about Rs. 20
crore per km to set up a BRTS network and it is quick and easy to implement compared to railways. Basically there are dedicated lanes for
special buses to travel on the road. These lanes are not open for any other traffic and hence these buses can avoid all sorts of traffic jams.
Started in 2009, the Janmarg (as BRTS is called in Ahmedabad) has set up 66 km of network. It annually carries 40 million people and has
invested about Rs. 1500 crore till now. Needless to say the real estate prices in Ahmedabad have been steadily increasing especially in the
areas in which this network has been established. The state govt has increased the FSI on the BRTS corridor which has further increased the
prices of property around the corridor.
A Public transportation project takes more than just investment to get the outcome required for a steady increase in real estate prices. As
any meaningful project requires more than 5 years to reach its outcome, only a government which is re-elected can finish such a massive
project. Changes in the ruling power would mean a shift in priorities and the existing projects stand a grave chance of being sidelined with
other projects taking over.
A government like that of Sheila Dixit or Narendra Modi has been able to work wonders as they have been stable in their respective states.
So in effect nothing boosts real estate like a well performing Chief Minister with the best interests of the people at heart. Investing in improving or laying down convenient public transport systems helps a city to develop quickly and leads to a property boom apart from being
chosen by more people as the desired place to live in. We can say that a city’s popularity index goes up when there is a convenient and
fully functional public transport system.

EVENTS
RE/MAX MGM participated in convention“South Mumbai
– A Destination Redefined” by SMART (South MetroCity
Association of Realtors),which is a premier South Mumbai
based association formed to bring together like-minded
leading real estate consultants operating mainly in the
SOBO market.Mr. Manan Choksi was one of the members
in a panel discussion Panel discussion on operational
styles of different broking entities. This one day convention will be held at the Taj President (Vivanta), Cuffe Parade, Mumbai, on Saturday, the 28th of September 2013.
The full day Convention had leading luminaries in the field of real estate sharing their views on various aspects related to the real estate
market in South Mumbai.

Mr. Sahil Shah was invited by Real Estate Agents Association of
Rajkot (REAAR) to give a presentation on “Technology in Real
Estate” where more than 70 people were present and learned a
great deal of new technological tools to enhance their productivity to serve their clients.


Properties for Buy / Sale / Rent - Ahmedabad
Road Side Office Space for SALE in New Bodakdev. Very useful Space Suitable for restaurant /
Doctor Office / Multipurpose use. corporate office, call center, it space, saloon, high end educational/training institution, diagnostic center

Contact : Parvesh Girgla,
RE/MAX Aad Realty

http://www.remax.in/505026004-268
Phone: +91-8238002325
Contact: AtitFozdar,
RE/MAX RE/MAX METRO

3300 Sq.Ft. Fully Furnished Office On fourth
floor, for sale at Maninagar
- Fully Furnished Office with AC.- Located at
a high end area of Maninagar - Near to public
transportation
- Ideal for Institutes
1380 Sq. FeetOffice for Sale in Shapath-V, SG
Highway,

Phone: +91-9825036406
Contact : Mukesh Patel
RE/MAX ADVANTAGE

Strategically located on SG Highway, Very Closed
to Corporate Houses, Malls, Multiplexes, Hospitals

Phone: +91-9909998635
Contact: Deepak Goplani
RE/MAX REALTY SOLUTIONS

Office for Rent @Shivalik High Street, Nr. Keshavbaug Party Plot-Satellite, Ahmedabad
Area: 2191 Sq.Ft.
Rent: 40/. Per Sq.Ft.
Specifications:
• Car parking
• Lift available
• Lobby and Waiting Hall in the Ground Floor
• Modern fire management system
• Power Backup

Phone: +91 - 9909419921


Properties for Buy / Sale / Rent - Mumbai
Excellent 3BHK Semi-furnished Flat for sale in
Bodakdev

Contact: Rajan Talati
RE/MAX REVOLUTION

-2450 Sq. Ft.
-Very well maintained society,
-With servant room
-A/c fixed in all rooms,
-Very spacious rooms
-Allotted parking
Phone: +91-8866008590
Contact: Devansh Kothari
RE/MAX SYNERGIES

2 BHK flat for sale in Vastrapur
110 sq.yard + 60 sq.yard basement
16 year old property, very well maintained
society..

3BHK Apartment for sale in posh locality of
DharnidarDerasar and Lavanya society.

Phone: +91-9879167987
Contact: Ashok Bhalani
RE/MAX VINTRON GOLD

2 units on each floor.
It is located in one the prime area of Ahmedabad
city. Hospital, Schools, Colleges, Auda Garden,
Restaurants and Food Courts, Religious places.
Contact: +91 9099948600
Contact: Munish Gupta
RE/MAX DREAMZ

4BHK flat on sale at Corporate Road
Prahladnagar
4500 sq.ft flat on sale at Corporate road, Prahladnagar.Luxurious new Built scheme.


Phone +91-9825800169


RE/MAX’s $220 Million IPO Priced @ $ 22, above Expectations, lists also
at 26 USD
RE/MAX Holdings Inc. saw better-than-expected demand for its initialpublic offering;a sign stock investors remain keen on certain housing-recovery
bets.
RE/MAXagreed to sell 10 million shares for $22 each late Tuesday, according to people familiar with the offering, topping the company’s projection
that they would fetch $19 to $21 apiece. The deal would raise $220 million, before the potential sale of additional stock to underwriters.
RE/MAXintends to use some of the money from the IPO to reacquire regional real estate franchises in the Southwest and Mid-Atlantic region of
the U.S., the prospectus shows. RE/MAXhad net income of $33.3 million
last year, compared with income of $24.2 million in 2011 and a loss of
$2.75 million in 2010.

Gujarat tops in completed realty projects across India with 35% share: Assocham
Gujarat has ranked on top with maximum share of about 35 per cent in the completed projects in real estate sector amid top 20 states across
India during the first quarter of the current fiscal, claimed an Assocham
report .
Gujarat has registered completion of real estate projects worth about Rs
1,035 crore in Q1 of the current financial year as against Rs 39 crore worth
of realty projects completed during the corresponding period of last year,”
said a paper titled ‘Current State of Real Estate Sector in India and It’s
Revival,’ released by The Associated Chambers of Commerce and Industry
of India (ASSOCHAM).
The report further highlighted that real estate projects worth over Rs 2,971
crore got completed during the first quarter of the 2013-14 across India
thereby registering an year-on-year growth of over 50 per cent in rate of
project completion as realty projects worth only Rs 1,976 crore had got
completed in Q1 of the previous financial year.

Relocations is one third of the total leasing activity during H1 of 2013:
Cushman & Wakefield
According to the latest report by Cushman & Wakefield, global real estate consultants, office markets in
India noted a rise in relocations and consolidations of companies to suburban or cost efficient locations
during the first half of the year (January - June 2013). The total relocations across top eight cities[1] in
H1 2013 was noted at 5.46 million square feet (msf) which was 2.5 times higher compared to the same
period last year and is one third of the total leasing activity.


Photo Gallery

Orientation Program at RE/MAX PANAROMA REALTY, PUNE

@ Godrej Garden City celebrating RE/MAX Gujarat’s 4th anniversary.


Creatives by RE/MAX MGM on various days in September 2013

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

RE/MAX Mumbai Gujarat Maharashtra Newsletter September 2013

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RE/MAX Mumbai Gujarat Maharashtra Newsletter September 2013