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The month of June has been quite hopeful for the Real Estate Sector as a whole with the implementation of 7th pay commission & SEBI’s proposal for easier norms for Real Estate Investment Trusts (REITs) to attract the interest of Real estate investors and end users. With the implementation of 7th pay commission, the realty sector in India is going to witness a rise in the home purchases especially by the government employees as it will increase their purchasing power. The developers are already planning schemes to attract the government employees to invest in their projects. The government’s decision to implement the recommendations of the 7th Pay Commission will benefit over one crore central government employees and pensioners. On the other hand, SEBI’s proposal for easier norms for Real Estate Investment Trusts (REITs) to attract the interest of Real estate investors and end users has proved to be a much needed decision to boost the sector. SEBI’s decision made positive impact in making REIT a viable product for investors as a fund-raising instrument for real estate players. The proposed move would allow up to 20 per cent investment by REITs in underconstruction projects, up from a maximum of 10 per cent allowed currently. Just like Housing for all provides opportunity to everyone to have a house, we believe that REITs can be now be referred as “Investment for all”. While the government is making all possible efforts to lift the Real Estate Sector in India, we are also leaving no stone unturned to do our bit in order to bring in professionalism in the industry. The month of August 2016 is going to witness 3 major events/conferences in real estate sector
i.e. National Association of Realtors-India (NAR-INDIA) is conducting is 8th Annual Convention on August 13 & 14, 2016 in New Delhi which will be soon followed by the RE/MAX Asia Pacific along with RE/MAX Realty Rendezvous-7 (RE/MAX India’s 7th Annual Convention) in Bangkok at The Grand Fourwings Convention Hotel from August 31 to September 2, 2016. This event is going to see attendance from 30 countries around the globe and will bring together real estate agents, brokers, developers & vendors under one roof. I am very excited and look forward to these events and I am sure that most of you must have registered by now to be a part of them. If not, then what are you waiting for, go ahead and get yourselves registered soon. There is never a dull moment and I could see a lot of our regions, broker owners and broker associates doing activities to promote themselves and their businesses. It was good to see the regional owners of RE/MAX Telangana coming all the way to Delhi to meet our team for brainstorming and strategic planning. I would like to congratulate KBR Praveen, Regional Owner, RE/MAX Greater Visakha and Janhar, Regional Owner, RE/MAX Chennai for expanding the network of RE/MAX in their respective regions by signing Broker Offices. I am happy to see the efforts put in by RE/MAX Southern Karnataka and RE/MAX Bangalore by conducting regular discovery days in their regions to expand the reach of RE/MAX in their territories. I look forward to meeting you all at the RE/MAX Asia Pacific Convention and RE/MAX Realty Rendezvous-7 in Bangkok not only to do networking but also for spending some quality time with you all. Happy Selling! Sam Chopra
While I was going through the newsletter this time, I saw this new section “Power of RE/MAX” that my team has introduced. I was very pleased to see the wonderful testimonial received by one of our Broker Owner, Yuvraj Singh Shekhawat and his team from RE/MAX Solution Specialists, Delhi NCR. While we all try to put our best foot forward in accomplishing a task, but the sweetest reward is a positive testimonial from a client which indicates that we have done our job to perfection and have been instrumental in helping someone fulfill his dreams. A big round of applause to Yuvraj and his team for the excellent work. Infact, I would request all of you to share with us any good news, testimonial or achievement of any form and we would be more than happy to make it a part of our newsletter and spread the word. Some of our regions and broker offices had a power packed month which included RE/MAX Southern Karnataka and RE/MAX Bangalore conducting discovery days and Broker Owner of RE/MAX Punjab, Puneet Joshi from RE/MAX Realty Services Plus attending an investors meet in United Kingdom. I would also like to congratulate RE/MAX Chennai on adding 2 new Broker offices in their region and RE/MAX Greater Visakha on adding another office in their region. I would like to wish the new Broker Owners all the very best for their journey with RE/MAX. It was a pleasant surprise to see the Regional Owners of RE/MAX Telangana in our office and I am sure that they would have had a great time with the RE/MAX India team.
Apart from this, I was really glad to see that our Broker Owners Yuvraj Singh Shekhawat, Manisha Mehta and Shreya Modi come forward to share their experience and expertise by nominating themselves for presenting a webinar for all the affiliates across the country. I am hoping that these webinars are of value addition to all of you and we look forward to having more of our Affiliates take these webinars ahead by participating in them as speakers. Let’s all work together by empowering each other with our success mantras. My message for all of you is “Keep Selling and Keep Mentoring…Together We Will Achieve More”. National Association of Realtors-India (NAR-INDIA) is conducting is 8th Annual Convention on August 13 & 14, 2016 in New Delhi and it is with great pride that I would personally like to invite each one of you to attend the NAR-INDIA Convention and to felicitate the installation of Sam as President of NAR-INDIA.
While our regions, broker owners and broker associates were busy in doing activities at their respective levels, my team at RE/MAX India has started its preparation for our 7th Annual Convention, RE/MAX Realty Rendezvous-7 that is happening in Bangkok this time along with RE/MAX Asia Pacific Convention from August 31 to September 2, 2016. It is that part of the year that give us an opportunity to meet all of you and have some good time together. I hope that you have RE/MAX Academy of Real Estate also had its house registered for the Convention and we look forward full with the Broker Owners from RE/MAX Greater to meeting all of you in Bangkok. Visakha and RE/MAX Central UP along with the regional team of RE/MAX Central UP who came to See you in Bangkok! attend the Broker Owners Management Training and the Franchise Sales Workshop respectively. Regards, Saloni 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) News from the Regions
6) News from RE/MAX LLC
7) News from RARE
8) Upcoming Events
9) Power of RE/MAX
10) Press Buzz
11) RE/MAX Anniversaries/New Joinees
12) Realty Bytes
Events to look forward to in July!
The Regional Owners of RE/MAX Telangana visited RE/MAX India National Headquarters in the month of June 2016 to meet RE/MAX India team
RE/MAX Greater Visakha Congratulations to the team of RE/MAX Greater Visakha on adding another office in the city of Vishakhapatnam by joining hands with Epari Sagar Kumar as the Broker Owner of RE/MAX Resources. RE/MAX India would like to welcome the new Broker Owner and wish him a great success for his journey with RE/MAX!
RE/MAX Southern Karnataka & RE/MAX Bangalore The regional teams of RE/MAX Southern Karnataka and RE/MAX Bangalore conducted discovery days in their regional offices and also did one on one meeting with the prospects sharing the business opportunities with RE/MAX. RE/MAX India would like to wish them all the best for their continued efforts!
RE/MAX Punjab Truly believing in the fact that “Your Network is Your Networth�, the broker owner of RE/MAX Realty Services Plus, Puneet Joshi visited the United Kingdom where he attended an investors events in Real Estate.
News from RE/MAX Academy of Real Estate The month of June saw a lot happening in the RE/MAX Academy of Real Estate. Right from interactive Webinar series by Broker owners to Class room Training to International Webinars; the Month of June was full of learning and interactions.
Webinars: Date
Topic
Presenter
8 June 2016
Success with RE/MAX - Mystery Demystified
15 June 2016
Exclusive Mandates
22 June 2016
Funding in Real Estate
29 June 2016
Design Center
Yuvraj Singh Shekhawat Broker Owner, RE/MAX Solution Specialists, Delhi NCR Manisha Mehta Broker Owner, RE/MAX Matrix, Mumbai Shreya Mody Broker Owner, RE/MAX Matrix, Mumbai Shipra Sharma National Manger-Training & Network Development, RE/MAX India
Broker Owner Management Training (BOMT) Date: 27 June- 1 July, 2016 The Broker Owner Management Training (BOMT) had attendees from 2 regions- RE/MAX Greater Visakha and RE/MAX Central UP. The participating offices were RE/MAX Diamond Group and RE/MAX Resources from Vizag, RE/MAX Signature Realty from Lucknow. RE/MAX Academy of Real Estate would like to wish them all the very best for their Broker Office.
Franchise Sales Workshop (FSW) Date: 27 June – 1 July 2016 The Franchise Sales Workshop (FSW) had participation from RE/MAX Central UP region. The team of 3 Franchise Sales Consultants and a Franchise Sales Manager attended the FSW at the RE/MAX India HQ. The Workshop was quite interactive with a lot of role plays and mock presentations given by the trainees. RE/MAX Academy of Real Estate wishes them a lot of success in times to come. Happy Selling! Glimpses of the Certification Ceremony and heartiest congratulations to all the participants who have successfully completed the Broker Owner Management Training and Franchise Sales Workshop at the National Headquarters of RE/MAX India!
Training feedback from the Broker Owners and the Regional Team Members of RE/MAX Central UP
International Webinars by RE/MAX International The MOMENTUM Webinar series conducted by RE/MAX International for Regional Staff and Broker Owners concluded in the month of June with three webinars that were conducted this month. The webinars gave an all new insight about the RE/MAX Broker Office Operations and the mantra behind its success.
The month of August 2016 is going to very exciting for the Real Estate Industry and even more promising for not only the RE/MAX Affiliates but also for the Realtors from across the country and globe. NAR-India, 8th Annual Convention on 13th & 14th August 2016 in New Delhi The 8th Annual Convention of the National Association of Realtors-India (NAR-INDIA), to be held on August 13 & 14, 2016 at New Delhi, promises to be the biggest realty event in India, bringing together industry leaders & realty experts from across the world. NAR-INDIA has always been at the forefront of the real estate conversation & the 8th Convention continues to uphold this tradition with its focus on the development & sustainability of smart cities, both in India & abroad. On August 13 & 14, 2016 the NAR-INDIA 8th Annual Convention, New Delhi will be the epicentre of the Indian realty industry. The two-day event will be packed with engaging and enlightening lectures, expositions, panel-discussions and brain-storming sessions for over 1200 realtors, developers, architects, investors, corporate real estate heads, venture capital firms, equity fund, project & facility managers, property valuers, chartered accountants and others from India and across the globe.
http://narindiaconvention.in/convention/
RE/MAX Asia Pacific Convention 2016 & RE/MAX Realty Rendezvous-7 from 31st August-2nd September, 2016 in Bangkok, Thailand The NAR India 8th Annual Convention will soon be followed by the RE/MAX Asia Pacific Convention 2016 and RE/MAX Realty Rendezvous-7 (RE/MAX India Convention) in Bangkok at The Grand Fourwings Convention Hotel, Bangkok, Thailand from August 31 to September 2, 2016. The attendees for this convention will come from over 30 different countries. The convention brings together real estate agents, brokers, developers and vendors. It covers a wide spectrum of real estate workshops, career advice and an opportunity for intensive networking.
http://www.cvent.com/events/re-max-asia-pacific-convention-2016/event-summary-765151938c8e4dd08eb8a6b5717012fb.aspx
For any queries w.r.t. registrations and details of these events , reach us @+91- 7042698807
Power of RE/MAX Putting the customer at the heart of the business means that every procedure, process and system keeps the customer in mind. The same is reflected in the testimonial received from a happy client, Roma Gulrajani for the Broker Office of Mr. Yuvraj Singh Shekhawat, RE/MAX Solution Specialists, Delhi NCR. Receiving feedback is essential not only for improving oneself but also to celebrate the hard work that goes in to be able to receive a positive feedback. Congratulations team RE/MAX Solutions Specialists on receiving this wonderful feedback, this truly reflects your dedication and team work on being able to fulfill the dreams of your customers and making HAPPY CUSTOMERS for LIFE!
Realty Byte by Sahil Kapoor, Executive Director RE/MAX India about Faridabad as Smart City on NDTV Property show Publication: NDTV Prime LINK: https://www.youtube.com/watch?v=UJIy503b8Jc
Expert Quote by Sam Chopra, Founder and Chairman RE/MAX India about RERA and its reality Publication: Times of India
Expert Quote by Sahil Kapoor, Executive Director RE/MAX India about Monsoon discounts in Real estate Publication: Mail Today
Expert Quote by Sahil Kapoor, Executive Director RE/MAX India about Warehousing sector & its impact on real estate Publication: Financial Chronicle
Expert quote by Sahil Kapoor, Executive Director RE/MAX India, talking about Brokers and their evolution Publication: Mail Today
Expert Quote by Sam Chopra, Founder and Chairman RE/MAX India about post budget reactions Publication: Realty Plus
Expert Quote by Sahil Kapoor, Executive Director RE/MAX India about Goa Real Estate Market Publication: 99 acres LINK:http://www.99acres.com/articles/goa-touted-asalucrative-second-home-market.html
RE/MAX Anniversaries, Regions (June) Name of the Region
Name of the Regional Owners
Number of Years
RE/MAX Punjab
Ravi Grewal & Amarjeet Chawla
5
RE/MAX Central Andhra
Movva Prasad
2
RE/MAX Anniversaries, Broker Offices (June) Name of the Region
Broker Office Name
Broker Owner's Name
Number of Years
RE/MAX Gujarat
RE/MAX Metro
Vivek Parikh
6
RE/MAX Central Andhra
RE/MAX Properties Plus
Movva Prasad
3
RE/MAX Bangalore
RE/MAX Home Care
Zia Ulla
2
RE/MAX Mumbai
RE/MAX Sun REALTORS
Nikesh Jain & Abhishek Chopra
1
RE/MAX Anniversaries, Broker Associates (June) Name of the Region
Broker Office Name
Broker Associate Name
RE/MAX Gujarat
RE/MAX Corporate Services
Jigar Pandya
RE/MAX Gujarat
RE/MAX Realty Solutions
Parshva Vakharia
RE/MAX West Hyderabad
RE/MAX Realty services
Bhavani Ganti
RE/MAX West Hyderabad
RE/MAX Realty services
Shaik Munir
RE/MAX West Hyderabad
RE/MAX Realty services
Mahesh Kumar Mogulluri
RE/MAX West Hyderabad
RE/MAX Realty services
Rajesh Nehta
RE/MAX MP 1
RE/MAX Realty Services
Priyank Agrawal
RE/MAX India Welcomes its New Broker Offices (June) Name of the Region
Broker Office Name
Broker Owner Name
RE/MAX Chennai
RE/MAX Alpha Property Solutions
V Sathya Narayanan & S. Geethalakshmi
RE/MAX Chennai
RE/MAX Biz Magnet
OPJ Sugumar
RE/MAX Greater Visakha
RE/MAX Resources
Epari Sagar Kumar
RE/MAX India Welcomes its New Broker Associate (June) Name of the Region
Broker Office Name
Broker Associate Name
RE/MAX Mumbai
RE/MAX Matrix
Abhishek Dwivedi
Government Exempts Big Realty from Obtaining Environmental Clearance Going against its own orders, issued six months ago, the environment ministry has decided to exempt big buildings and real estate projects from taking environment clearance, a mandatory requirement under the law for the past more than a decade. The U-turn will take the construction industry out of the environment ministry’s purview and no project could be challenged on environmental grounds before the National Green Tribunal, says experts. Under the current law, the building and township projects of more than 20,000 square meters size are required to carry out an Environment Impact Assessment (EIA) study to gauge possible impacts of the project on the surrounding environment before starting its construction. If the project is considered safe, the State Environment Impact Assessment Authorities (SEIAA) appointed by the environment ministry, give permission (environment clearance) to the project. The ministry has now issued a draft notification on April 29 which says the states which will integrate environmental conditions in the building approvals under their Building Bylaws will not have to get environment clearance for construction projects. It replaces the area-specific EIA and environment clearance process carried out by SEIAA prior to starting of the project with standard conditions such as ‘sewage discharge’, ‘water harvesting’ and ‘DG Sets specification’ imposed and monitored by the local urban authorities post construction of the project. “This will mean, no construction project can be ever stopped or rejected on environmental grounds. Since there will be no environment clearance under the Environment Protection Act, the projects could also not be challenged before the National Green Tribunal which doesn’t have its jurisdiction over the state building bylaws,” said environment lawyer Ritwick Dutta. The National Green Tribunal has, in the past, penalized developers for constructing environmentally damaging projects. In May, it quashed the environment clearance of a project that encroached and damaged 3 acres of lake in Bangalore and slapped Rs 117 crore fine on the developer. In July last year, the tribunal slapped a fine on Akshardham Temple for carrying out expansion near Yamuna Flood Plains without an environment clearance. The Supreme Court also said in an order in January this year that housing projects coming up without environment clearance were illegal.
CHANGING STANCE
2004 Construction sector brought under the purview of the Environment Protection Act, 1986 2006 EIA Notification, 2006 mandated building projects of more 20,000 sq meters should carry out green assessment 2009 The ministry proposed to exempt projects up to 50,000 sq meters from requirement, but proposal dropped due to environmental concerns Dec 2012 The environment ministry constituted a committee to review the provisions of Environment Impact Assessment Notification, 2006 June 2013 Environment ministry accepts panel’s recommendations April 2016 Ministry issues draft notification to replace environment clearance for building projects
SOURCE:http://www.hindustantimes.com/india-news/govt-exempts-big-realty-from-obtaining-environmental-clearance/storyTIdlLaUN5CLS08Cr1KwDAP.html