RE/MAXRealty Review
April, 2016
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From the Chairman’s desk Cheers to the buyers & end users in the real estate! The Real Estate (Regulation and Development) Bill, 2016, became an act on May 1, initiating the entire process of establishing the guidelines to protect the interest of home buyers in India. The Act is definitely seen as a significant move towards ensuring consumer protection and ensure transparency, standardization of business practices and transactions in the real estate sector thereby promoting the growth of real estate sector in an environment of trust, confidence, proficient and time bound execution of projects. With all due respect to the act being a positive step towards the development of this industry, government authorities should be made accountable for timely approvals. Though the move is in the right direction, I still feel that a lot of critical elements are missing like the single window clearance. The bill becoming an act has surely brought cheer amongst the RE/MAX Affiliates as it will further support them in giving the right services to the clients without any ambiguity.
representatives from RE/MAX Central UP, RE/MAX West Hyderabad, RE/MAX Punjab, RE/MAX Greater Visakha & RE/MAX Chennai during their visit to the National Headquarters for attending Train the Trainer ( TTT ) program . As I always say that “Our network is our Networth”, it is always a pleasure to meet and greet like-minded people who share the same vision as yours. I wish all of them the very best and am sure that the FY 2016-17 will be a turn-around for all of us. The great news is that RE/MAX Asia Pacific 2nd Convention along with RE/MAX Realty Rendezvous -7 in Bangkok from 31st August-2nd September 2016 will be attended in by Adam Contos-COO for RE/MAX LLC, Chris Pflueger-Vice President, Business Development for RE/MAX LLC ; Chip Brekken-Director at Global Development RE/MAX LLC ; Jan Repa-Executive Director, Global Development, RE/MAX LLC and many more experienced veterans of RE/MAX and of Real estate industry across the globe participating as speakers in the Convention. I hope to see you all during the convention!
The month of April was quite thoughtprovoking for me as I not only spent time with the vivacious regional team and With this I would like to say Dare to broker owners of RE/MAX Chennai but Dream Big and if you can dream it you also got to meet the regional can DO IT!
Cheers! Sam Chopra
Content: _____________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________ ________________________
1) From the Chairman’s Desk
2) From the Vice Chairman’s Desk
3) Events to Look Forward to
4) News from RE/MAX India
5) Sales Snapshot
6) News from RARE
7) What's new in social media and Marketing
8) Press Buzz
9) RE/MAX India welcomes its New Broker Owners/Associates
10) News from RE/MAX LLC
11) RE/MAX Anniversaries
12) Heroes of the month
13) Realty Bytes
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April, 2016 www.remax.inor Call us at +91 9654965001
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April, 2016 www.remax.in or Call us at +91 9654965001
From the Vice Chairman’s desk Congratulations to all of us for the good news that The Real Estate (Regulation and Development) Bill, 2016 has become an act now. In RE/MAX, we always strive for attaining customer delight and offering the best in industry services to our clients. I am sure that the provisions in the Act will turn as a catalyst in the growth of our RE/MAX Affiliates and will be helping them in moving a step forward in making happy customers for life.
Rest of Tamil Nadu completing another year of their journey with RE/MAX and fresh blood joining the system. I would like to wisheach of them all the best for the FY 2016-2017. I would also like to congratulate Ravi Kumar Shrivastava, RE/MAX Solution Specialists, Delhi NCR for being the Reader of the Month and Priyank Agrawal, RE/MAX Realty Services, Bhopal for being recognized as the Top Listor for the month of April.
In this month’s newsletter we are sharing with you the glimpses from the very successfully conducted Train the Trainer program (TTT). I would personally like to congratulate Balaram from Greater Visakha, Saket from Central UP, Bhawani from West Hyderabad, Ram from Chennai and Himmat from Punjab on being certified as a Trainer from RE/MAX India. I would also like to wish best of luck to RE/MAX Chennai team for making closures from the BOS that they participated in the month of April. In the RE/MAX Anniversaries section, we can also see a lot of affiliates, Broker Offices and the Region of
There is a lot of good news on the way for Real Estate sector and Indian Realty sector is finally on its way of being more organized and professional and this is what RE/MAX has always supported and promoted. Keep growing & stay motivated!
Regards Saloni Chopra
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Events to look forward to in May!
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News from RE/MAX India Sam Chopra, Founder & Chairman, RE/MAX India visits the Region of RE/MAX Chennai He visited the regional office of RE/MAX Chennai in the month of April wherein he not only met the regional team but was also able to spend some quality time with the Broker Owners.
Sam addressing the gathering at CREAA Day Celebration that took place in Chennai in the month of April
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Have you registered for the RE/MAX Asia Pacific Convention & RE/MAX Realty Rendezvous – 7! The upcoming RE/MAX Asia Pacific Convention & RE/MAX Realty Rendezvous – 7 in Bangkok from the 31st August till 2nd September 2016 will see Adam Contos-COO for RE/MAX LLC, Chris Pflueger-Vice President, Business Development for RE/MAX LLC, Chip Brekken-Director at Global Development RE/MAX LLC, Jan Repa-Executive Director, Global Development, RE/MAX LLC and many more experienced veterans of RE/MAX and of Real estate industry across the globe participating as speakers in the Convention. Don’t miss on the opportunity to meet & learn from the best in the business.
For any queries w.r.t registration and details of these events, reach us @+91- 7042698807
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Sales Snapshot RE/MAX Chennai
In the month of April the vibrant regional team of RE/MAX Chennai participated in the Business Opportunity Show organized by Franchise India in Chennai to meet like-minded prospects looking to expand their Real Estate business with RE/MAX. Meeting a good number of prospects through the show, they are confident that the region will see a good number of affiliates joining them in coming months!
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News from RARE News from RE/MAX Academy of Real Estate (RARE)|Always Empowering through education “Education is the most powerful weapon that you can use to change the world�-Nelson Mandela. With this noble thought in mind, RE/MAX India decided to take its Broker Associate Management Training across the regions and conducted its 2nd batch of Train The Trainer program(TTT) in the month of April.
The training program was very well attended by the group of very enthusiastic and positive Regional representatives from pan India and saw participation from RE/MAX Central UP, RE/MAX West Hyderabad, RE/MAX Punjab, RE/MAX Greater Visakha & RE/MAX Chennai.
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Glimpse of the Certification Ceremony and heartiest congratulations to all participants who have successfully completed the TTT program and are now certified trainers from RE/MAX India’s side to impart Agent Training in their regions
Weekly Webinar Series by RARE The Weekly Webinar Series initiated by the RE/MAX Academy of Real Estate continues to train our Affiliates on all topics ranging from Sales to Personality Development. With a very good feedback being received from our network on the same, we hope that they are of good value addition to everyone who attends it. Good news is that these webinars are open for all the prospects of our Regional teams. So in case you have any prospect who wants to be a part of the training session, please feel free to e-mail us their details at ssharma@remax.in so that the needful can be done.
Keep Learning, Keep Sharing & Keep Growing!
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What’s new in social media and marketing! RE/MAX LLC launches the global websites remax.com and global.remax.com with a fresh look and captivating user interface! http://www.remax.com/
http://global.remax.com/
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April, 2016 www.remax.in or Call us at +91 9654965001
Press Buzz
Coverage of RE/MAX iList mobile app and quotes by Affiliates. Publication:HT Estates
Expert Quote by RE/MAX Delhi NCR Broker Owner, Yuvraj Singh Shekhawat, RE/MAX Solution Specialists on the real estate market of Southern Gurgaon.
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April, 2016 www.remax.in or Call us at +91 9654965001
Expert quote by Sam Chopra, Chairman & Founder RE/MAX India. Publication:Financial Chronicle
Author Article by Sam Chopra, Founder& Chairman RE/MAX India, Talking about Real Estate bill and road ahead. | Publication:Business World LINK:Link: http://www.businessworld.in/article/Real-Estate-BillAnd-The-Road-Ahead/07-04-2016-95465/
Expert Quote by Sam Chopra, Chairman & Founder RE/MAX India, on affordable Budgeting Publication:Chromohomes |LINK:http://chromohomes.in/magazine/mar2016/#/26
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April, 2016 www.remax.in or Call us at +91 9654965001
Author Article by Sam Chopra, Founder & Chairman, RE/MAX India on Exclusive Mandates and its worth
Expert Quote by Sam Chopra, Chairman & Founder RE/MAX India on REPO rate Cut
Publication:ET Realty.com LINK:http://realty.economictimes.indiatimes.com/realtycheck/exclusive-mandates-how-is-it-worthwhile/1435
Publication:99Arces.com LINK:http://www.99acres.com/articles/repo-rate-cut-to-boostindian-real-estate.html
RE/MAX India Welcomes its New Broker Office (April) Name of the Region
Broker Office Name
Broker Owners Name
RE/MAX Greater Visakha
RE/MAX Diamond Group
l.Manjula
RE/MAX India Welcomes its New Broker Associates(April) Name of the Region
Broker Office Name
Broker Owners Name
RE/MAX North Gujarat
RE/MAX Realty Solutions
Manan Raval
RE/MAX Madhya Pradesh
RE/MAX Realty Services
Sandeep Baveja
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News from RE/MAX LLC RE/MAX Baloon always soaring high. In addition to being the world’s most productive real estate network, RE/MAX has the world’s largest hot air balloon fleet.
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RE/MAX Anniversaries, Regions (April) Name of the Region
Name of the Regional Owner
Number of Years
RE/MAX Rest of Tamil Nadu
Mohammed Ismail
3
RE/MAX Anniversaries, Broker Offices (April) Name of the Region
Broker Office Name
Broker Owners Name
Number of Years
RE/MAX Delhi NCR
RE/MAX Complete Solutions
Harish Magon
3
RE/MAX ROTN
RE/MAX Aikya
Ashok & Vijay
1
RE/MAX Anniversaries, Broker Associates (April) Name of the Region
Broker Office Name
Broker Associate Name
RE/MAX Delhi NCR
RE/MAX Highrise Realty
Rachit Khurana
RE/MAX Delhi NCR
RE/MAX Highrise Realty
Taranjit Singh Chandpuri
RE/MAX Mumbai
RE/MAX Estates
Nisreen Hamid
RE/MAX Gujarat
RE/MAX Dreamz
KiranValecha
RE/MAX Gujarat
RE/MAX Dreamz
Sandeep Pandya
RE/MAX Gujarat
RE/MAX Property World
Ashesh Agrawal
RE/MAX ROTN
RE/MAX Arasan Properties
R.Sirajudeen
RE/MAX Punjab B
RE/MAX Professional Realtors
Yoginder Kumar Digra
Heroes of the month
Reader for the month of April
#1 Ravi Kumar Shrivastava RE/MAX Solution Specialists RE/MAX Delhi NCR
Top Listors for the month of April
#1 Priyank Agrawal RE/MAX Realty Services RE/MAX Bhopal
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Realty Bytes Real Estate Bill is an act now, may protect home buyers NEW DELHI: The Real Estate (Regulation and Development) Bill, 2016, became an act on May 1, kick-starting the process of making rules as well as putting in place institutional infrastructure to protect the interests of home buyers in India. While acknowledging that the act is a positive development, property experts said the new rules should address problems faced by builders in getting sanctions and approvals in a timely manner. "Government authorities should also be made accountable for timebound approvals through the rules that will be made," said Anshuman Magazine, managing director of property advisory firm CBRE South Asia. He said that if this happens, it will be one of the major steps towards the recovery of the Indian real estate market and will improve the confidence of both consumers and institutional investors - domestic or foreign. "Of course, it should not become another hurdle for development, which will then raiseproperty prices in the long term," said Magazine. The Ministry of Housing & Urban Poverty Alleviation notified 69 of the act's 92 sections that come into force from May 1. Rules for implementing the provisions of the act have to be formulated by the central and state governments within six months - by October 31 - the maximum period stipulated in Section 84 of the act. The housing ministry will make the rules for Union Territories while the Ministry of Urban Development will do so for Delhi. The key to providing succour to home buyers will be the setting up of Real Estate Regulatory Authorities, which will require all projects to be registered, and the formation of Appellate Tribunals to adjudicate disputes. According to Section 20 of the act, state governments have to establish the regulatory authorities within one year of the law coming into force. These authorities will decide on the complaints of buyers and developers in 60 days. The act seeks to protect the rights of home buyers, mandates registration of projects, including those that have not got completion or occupancy certificates. Registration will require builders to set aside 70% of the funds collected from buyers and pay interest in case of delays. Any officer, preferably the secretary of the department dealing with housing, can be appointed as the interim regulatory authority. Once the regulators are set up, they will get three months to formulateregulations concerning their functioning. Real Estate Appellate Tribunals need to be formed within a year - by April 30, 2017. These fast-track tribunals will decide on disputes over orders of the regulators within 60 days. A committee chaired by the secretary of the housing ministry has started work on formulation of model rules so that states and UTs can frame their rules quickly, besides ensuring uniformity across the country. The ministry will also will come out with model regulations for the regulatory authorities. The remaining sections of the act that have to be notified relate to aspects such as the functions and duties of promoters, rights and duties of allottees, prior registration of real estate projects with the regulatory authorities, recovery of interest on penalties, enforcement of orders, offences, penalties and adjudication. Considering that there 12 months left for the regulatory authorities to be set up by the states, builders are expected to speed up work to avoid the stringent provisions of the new real estate regulatory act. SOURCE:http://economictimes.indiatimes.com/wealth/real-estate/real-estate-bill-is-an-act-now-may-protect-homebuyers/articleshow/52069308.cms
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April, 2016 www.remax.in or Call us at +91 9654965001