RE/MAX Realty Review
December, 2015
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From the Chairman’s desk Indian real estate is moving towards a direction where we are having global investors amongst others seeing the longterm potential as our economy is amongst the fastest growing economies in the world. If you look at the industry reports, it comes as a surprise that in the year 2014-15, India received FDI of around USD 19 billion in addition to an increase by 2025% in FDI raising it to USD 30 billion even though the year was slow for Real Estate. To add to this, an estimated amount of around $2.8 billion came from the private equity players. With a lot of action and regulatory changes, the industry has a mixed reaction but I feel that the year 2016-2017 will be positive for a lot of markets. As a matter of fact, the last two years were more of a policy formation and adjustment phases starting from the supply to the demand phase and 2016-17 will be where Real Estate will be back to a good shape and in a path from revival to recovery. With this very thought, I would like to wish you all a wonderful year ahead!
national and international events and so on! We pride ourselves in providing the best real estate consultancy services and I am sure that we will keep doing that because our key ingredient to success is the dedicated efforts and contributions made by everyone in the network. My message to all of you is just that “As the New Year unfolds before us, let us continue to work together not only as a team, but more importantly as a family with a spirit of oneness and unity that will help us to achieve higher success and bring prosperity to all”. I look forward to seeing our affiliates grow from strength to strength in every manner both in their personal and professional life. The year 2016 will surely have a healthy Real Estate market and we will also be having a lot of exciting news coming your way and you’ll hear about them in our upcoming newsletters. You have with you a strong team to support you throughout your entrepreneurial journey and I wish that the New Year brings you a lot of prosperity and success.
In the last one year, a lot of positive things happened in our network. RE/MAX India Cheers! increased its network in the length and Sam Chopra breadth of the country, new initiatives taken to increase profitability at all the levels, business tie-ups and partnerships done with groups like BroEx and Housing.com, regional launches, training our affiliates through online and offline mediums, participation in various
Content: _____________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________ ________________________
1) From the Chairman’s Desk
2) From the Vice Chairman’s Desk
3) Events to Look Forward to
4) The year 2015 in review
5)News from RE/MAX India
6) Sales Snapshot
7) News from RARE
8) Look who is in Spotlight this time
9) Press Buzz
10) News from Regions
11) RE/MAX Anniversaries
12) Heroes of the month
13) Realty Bytes
14) RE/MAX India welcome its New 15) RE/MAX India welcome its Broker Owners New Broker Associates December, 2015
RE/MAX Realty Review
December, 2015
www.remax.in or Call us at +91 9654965001
RE/MAX Realty Review
December, 2015 www.remax.in or Call us at +91 9654965001
From the Vice Chairman’s desk It is hard to believe the New Year is just round the corner. While we look forward to 2016, it is only natural to reflect upon 2015 and be thankful! For RE/MAX, 2015 was a very positive and a growth oriented year and we saw some major transitions in our business operations. In this month’s newsletter, we have tried compiling all the major happenings at RE/MAX India and our network and we hope that it turns out to be a good read for all of you. The year 2015 saw a little slowdown in the market, but I feel that this slowdown in Real Estate was not an indication of problem; rather it’s a return of normal market rates and a more balanced and mature market. With a lot of positive regulatory changes that are taking place and are in process for 2016, Real Estate looks in a good shape in the near future.
territories, we saw a lot of new Broker Owners coming on-board from these regions. Not to forget the efforts put in by our Broker Owners especially from the regions of Uttar Pradesh-Central and Mumbai in strengthening their Broker Offices with like-minded entrepreneurs. I personally was very happy for all these regions and look forward to similar good news coming to us every month from all the regions. As the recovery continues and your activities pick up, on behalf of Sam and the entire RE/MAX team, I would like to wish all of you successful deals and great prosperity in the New Year.
Here’s to a strong 2016 for RE/MAX! We are also pleased to present to you the new look of our website, ‘www.remax.in’. We have shared a snapshot of the same in the newsletter along with other updates and happenings in the month of Regards December. The month was very eventful specifically Saloni Chopra for the regions of RE/MAX Punjab and RE/MAX Telangana. With their dedicated efforts for increasing the network of RE/MAX in their
RE/MAX Realty Review
December, 2015 www.remax.in or Call us at +91 9654965001
Events to look forward to in January!
RE/MAX Realty Review
December, 2015 www.remax.in or Call us at +91 9654965001
The Year 2015 in Review A growing network linking Real Estate regionally, nationally and globally
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Quarterly Regional Owners Review Meetings for discussions on making the business operations more profitable
Team RE/MAX India handholding the regions and broker offices in their successful launching
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December, 2015 www.remax.in or Call us at +91 9654965001
Sales Snapshot - Various activities like Discovery days, launches, FRO and BOS participations etc that took place throughout the year to increase the RE/MAX network
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Training as an on-going process - Snapshots of the various classroom and online trainings at the RE/MAX Academy of Real Estate!
Business Tie-up’s - Partnership with BroEX and Housing.com to empower our network to offer the best to our customers
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A network that believes in LEARNING, NETWORKING and FUN – The National and International Conventions and visit to various countries to bring back learning’s and best practices from them.
Your Network is your Networth – Series of events, panel discussions, and speaker sessions with industry stalwarts to grow the professional network of RE/MAX !
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December, 2015 www.remax.in or Call us at +91 9654965001
RE/MAX in the news
RE/MAX Realty Review
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Marketing and Social Media
Affiliates in Spotlight
Happy Hours - Fun moments with our Affiliates!
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December, 2015 www.remax.in or Call us at +91 9654965001
News from RE/MAX India
Mr. Sam Chopra, Chairman, RE/MAX India as a Guest of Honor & Guest Speaker on “Revival 2016” at the 8th Estate Awards and Summit by Franchise India, Co – Title Associated by RE/MAX. RE/MAX India would like to extend a spacial thanks to the team of Franchise India for organizing such a well attended event. We look forward to many more years of our association with you.
Presenting you the new look of our website, www.remax.in
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December, 2015 www.remax.in or Call us at +91 9654965001
Sales Snapshot RE/MAX Punjab Heartiest congratulations to the team to RE/MAX Punjab A, Punjab B and CMP for having a super month of December by increasing the RE/MAX presence all over their territory!
RE/MAX Telangana RE/MAX India would like to congratulate the team of RE/MAX Telangana for their efforts of rewarding franchisees and thus making a stronger foothold in their region!
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Look who is in Spotlight this time The team of RE/MAX Punjab A, Punjab B and CMP did not only did wonders in Franchise Sales but also set new records in terms of their Broker Offices doing the transaction business. Their Associates have been amongst the star performers in achieving the sales figures in the newly launched WTC projects in Chandigarh. To reward these achievements and the hard work put in by the team, they won a Harley Davidson and a Royal Enfield at the launch party in Chandigarh. The region has very well set an example for everyone in the network that “Together Everyone Achieves More�
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News from RE/MAX Academy of Real Estate
KEEP LEARNING, KEEP GROWING, KEEP SUCCEEDING The Wednesday Sales Series webinar is now also open for all the prospects! For anyone willing to be a part of the training session, please feel free to e-mail us for details at ssharma@remax.in so that the needful can be done.
Press Buzz
An author article covered by ETRealty.com taking Mr. Sam Chopra’s views on “How Real Estate market will look like in 2016”
Author article by Mr. Sam Chopra in ETRealty.com in the form of a special interview on the scenario of Real Estate market, present and future
Publication: ETRealty.com LINK: http://realty.economictimes.indiatimes.com/realtycheck/bird-s-eye-view-for-realty-market-2016/1121
Publication: ETRealty.com LINK:http://realty.economictimes.indiatimes.com/news/industry /real-estate-to-see-white-money-starting-to-pour-in-samchopra-re/max-india/50310617
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December, 2015 www.remax.in or Call us at +91 9654965001
Expert quotes by Mr. Sam Chopra on a story on the reaction on RBI monetary policy review Publication: Mail Today
Expert quote by Mr. Siva Kyasa on a trend story on Langford Town , Bangalore, one of the premium residential locality in the heart of Bengaluru which is seeing a steady growth over the years. Publication: Deccan Herald LINK: http://www.deccanherald.com/content/518107/all-oneplace.html
RE/MAX Anniversaries (December) Name of the Region
Broker Office Name
Broker Owners Name
Number of Years
RE/MAX Delhi NCR
RE/MAX Highrise Realty
Anup Nahar
2 Years
RE/MAX Odisha
RE/MAX Cosmos Realty
Meenakshi Rath
2 Years
RE/MAX Rajasthan 1
RE/MAX Milestone Realty
Vipul Maini
1 Year
RE/MAX West Bengal
RE/MAX Corporate Services
Debashis Majumdar
1 Year
RE/MAX Southern Karnataka
RE/MAX Heritage
Sumanth Gopinath
1 Year
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News from the regions RE/MAX Delhi NCR RE/MAX India would first like to congratulate Mr. Mohd. Haider, RE/MAX Complete Solutions for being the Top Transactor in the month of December. A special mention of Mr. Harish Magon, Broker Owner, RE/MAX Complete Solutions who has played a very vital role by being a super mentor. We would also like to highlight the achievements of RE/MAX Solution Specialist, who have very well embraced the concept of working on exclusive mandates. RE/MAX India would also like to thank all the affiliates of the region, who show a very active participation in the industry events, thus creating a stronger network for themselves.
RE/MAX Chennai
Snippets from RE/MAX Chennai’s participation in Franchise Retail and Opportunities Show. We are hopeful that the team was able to touch base with good prospects and we would like to wish the region all the very best for their efforts for franchise sales.
Heroes of the Month
Top Listors for the month of December
#1 Priyank Agrawal RE/MAX Vision Property RE/MAX MP-1
#2 Vikram Doogar RE/MAX Realty Solutions RE/MAX West Bengal
#3 Sandeep Didwania RE/MAX Properties RE/MAX Mumbai
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Top Recruiters for the month of December
#1 Sandeep Dixit RE/MAX Signature Realty RE/MAX UP - Central
#2 Nikesh Jain RE/MAX Sun REALTORS RE/MAX Mumbai
Top Transcator for the month of December
#1 Mohammad Haider RE/MAX Complete Solutions RE/MAX Delhi NCR
RE/MAX India Welcomes its New Broker Owners - December Name of the Region
Broker Office Name
Associate Name
RE/MAX CMP
RE/MAX TRICITY REALTORS
Kapil Loomba
RE/MAX Punjab A
RE/MAX Realty Services
Gagan Kapoor
RE/MAX Punjab A
RE/MAX Realty Services Plus
Puneet Joshi
RE/MAX MP 1
RE/MAX Realty Services
Manish Rajoria
RE/MAX Telangana
RE/MAX Prestige
Prathyusha Peddiraju
RE/MAX CMP
RE/MAX Realty Services
Harinder Nagpal
RE/MAX CMP
RE/MAX Shades Properties
Chanpreet Singh Chawla
RE/MAX Punjab A
RE/MAX Real Estate Services
Birudaraju Sushmitha
RE/MAX Punjab A
RE/MAX Real Estate Consultants
Rajinder Kaur Mann
RE/MAX MP 1
RE/MAX Real Properties
Srinivas Raju Aravaraju
RE/MAX Telangana
RE/MAX Realty Advisors
Mirza Anwar Ali Baig
RE/MAX Realty Review
December, 2015 www.remax.in or Call us at +91 9654965001
Realty Bytes Real estate to see white money starting to pour in: Sam Chopra, RE/MAX India With the cash flows in and out of the country the market market over a period of time just because they never had the will get a positive impacted cash flows and could never invest in the secondary market as the secondary market required 70 - 80 per cent cash flow up After a prolonged slowdown, the real estate industry is front. The primary investors of the secondary market who now hoping that new measures by the government such used to have cash flows in hand are now using other sources as housing for all and opening up of foreign direct to park their surplus money into Real Estate in some other investment alongside softening of interest rates could manners which will also ramp up the secondary market sales bring in the much needed push for the sector. in 2016. Looking at the market coming in 2016, the banking ETRealty.com spoke to Sam Chopra, Founder and structure clubbing up with the Real Estate market, the Chairman, RE/MAX India on what 2016 has in store for payment options will be such that a normal buyer would the industry. surely love to own a property using his income credibility rather than exhausting his natural resources. The positive How would you describe the current situation of the news on RERA is set to rebound the market sentiments and real estate market in India in 3-4 lines? the customers are bound to be positive. The resale market is With a lot of initiatives being taken by the central dependent on the end users and not investors; hence its government to boom the Real Estate market, I am sure demand will be constant. My suggestion is that people that with the cash flows in and out of the country the should not expect windfall gains but there will definitely be market will get impacted positively. Currently Real slight upward shift in the prices which will be towards more Estate is in a mid phase of policy formation and realistic side. implementation. The need of the hour is to move towards a corrective side where there are realistic rates Interest rates have dropped a bit over the last six months. with realistic transactions taking place. To conclude, the Have the funding woes for real estate developers started to sentiments of the domestic market in buying and selling ease? Are there any new funding avenues for builders of Real Estate has changed over a period of time and today? looking at the current trends we expect a huge turnover If we talk about builders most of the times their source for in Real Estate transactions by 2017. acquiring the lands for construction was entirely black money. They are majorly dependent on the soft launches How do you see the real estate market changing in and pre- primary sales of their projects for the final sales 2016? Do you see an improvement in buyer sentiment? which ultimately led to late deliveries and thus developers What is your advice to them for buying homes in 2016? losing their credibility in the market. However, some reputed The buyer sentiments will surely be positive as till date builders like DLF, ATS, Mahagun etc have continued to only secondary market buyers were the people who had develop their credibility and development in the black money to dispose off in Real Estate but now even infrastructure along with the banking structures. So, looking the non- existing buyers of secondary market with get at the future Real Estate market, developers who were into the resale market. One of the prime reasons for it dependent on the banking structure will definitely get being the revision and correction of the market rates benefited out of the banking structure coming in the country which will lead to the real property values coming up. and only a handful of developers who are credible enough to People who have white money to park into Real Estate continue their construction and sales in the market will will start pouring in investments. Just as an example, survive. Moreover, after the correction in the market and the looking at the current Real Estate Regulatory Bill people bill coming at its place, there will definitely be huge avenues with a disposable income of over 15 lakhs per anum will where some new developers will step into the market and start investing in Real Estate. The Bill is very positive for deliver what market has been looking at over a period of investors who have been waiting to invest in Real Estate time.
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What are your expectations from the Union Budget 2016? What will be the impact of GST and real estate regulatory bill, if cleared in 2016, on the real estate sector? At present, the real estate sector is highly unorganised and nebulous, with end users often at the receiving end. The final bill approved by cabinet is not just a cheer for home buyers but developers as well. The bill is formed with the intend to protect the interest of these end users by promoting fair play in real estate transactions and asserting on time delivery of projects. It aims at a standardized regulatory environment that in turn will help in swift arbitration of disputes ensuring organised growth of the real estate sector. Ultimately, The Bill will help in reinstating the trust of the general public in this sector; by instituting accountability and transparency in transactions. The regulatory board will encourage a single-window system of clearances for real estate projects. This will possibly speed up construction that currently lags because of delays in getting approvals. Moreover, the Bill would have been more effective had all the approving authorities been brought under its purview. So, in short, along with the passing of the law, the government should bring administrative modifications to facilitate faster approval process. We just hope that the bill will safeguard the end users, without adding another stage in the procedure for sanctions. With the Union Budget, I am sure that the Government is affirmed and committed towards affordable housing and
real estate sector by the announcement by RBI on the repo rate cut immediately after the Budget announcement. This cut in home loan interest rates is very beneficial and one of the most effective way of boosting property sales. With it helping more individuals with lower - middle income group to buy their own homes, this will also help to offset the slump faced by the real estate sector. Which are the three top micromarkets in India today from an investment perspective on which you would bet your personal monies for medium to long term? I feel that one must invest in a market which is growing continuously i.e. where the jobs are being created, property demand is there, good location, good developers etc. For a medium to long term investment areas like Mumbai, Central Mumbai,Thane, Goregaon etc will really come up as they are seeing a lot of development taking pace. In Bangalore, areas like Hebbal, White field etc. will be great opportunities looking at the fact that how good Bangalore is doing in terms of job opportunities creation and office space absorption. In the same manner, areas near Salt Lake in Kolkata are seeing a lot of absorption in IT space and thus investments over here look quite attractive. In NCR, New Gurgaon is one area that is emerging at a very rapid rate both for residential and commercial Real Estate and can be looked upon for futuristic investments. LINK:http://realty.economictimes.indiatimes.com/news/industry/r eal-estate-to-see-white-money-starting-to-pour-in-sam-choprare/max-india/50310617
RE/MAX India Welcomes its New Broker Associates - December Name of the Region
Broker Office Name
Associate Name
RE/MAX North Gujarat
RE/MAX Realty Solution
Divanshu Kashyap
RE/MAX Mumbai
RE/MAX Sun REALTORS
Santosh Yadav
RE/MAX UP - Central
RE/MAX Genesis
Paarul Gurha
RE/MAX UP - Central
RE/MAX Signature Realty
Manoj Agarwal
RE/MAX UP - Central
RE/MAX Signature Realty
Rohit Baboo
RE/MAX Mumbai
RE/MAX Properties
Mukund Athavale
RE/MAX Mumbai
RE/MAX Properties
Nanda Kumar Shetty
RE/MAX Mumbai
RE/MAX Sun REALTORS
Ganesh Pawar
RE/MAX Mumbai
RE/MAX Sun REALTORS
Dharish jain
RE/MAX UP Central
RE/MAX Signature Realty
Samir Tewari
RE/MAX UP Central
RE/MAX Signature Realty
Mohammad Ashfaque
RE/MAX Realty Review
December, 2015 www.remax.in or Call us at +91 9654965001