RE/MAX Realty Review
September, 2015
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From the Chairman’s desk I was reading an interview of Dave Liniger and came across this statement of his - “It is vital to learn what top associates are doing to evolve and grow in spite of the challenges in the market and it’s precisely this attitude which will set you apart from others”. RE/MAX is a network that has always welcomed sharing of learning’s and best practices that has helped them achieve higher transaction levels, sales volume, listings and thus more income. To all my Affiliate’s I just have one message, I understand that it is a challenging time for Real Estate everywhere, but you have with you a network strength to gain confidence from the experiences of your fellow associates. Confidence will only come after experience and my team and I are working towards providing you with all that experience and support to make you successful at all the levels. In the month of September, Saloni and I visited the regions of RE/MAX Turkey and RE/MAX Portugal and have gained some good insights on making our operations more profitable. We will be discussing it with all the Regional Owners and implement the same to make it a win- win situation for all!
very proud seeing how he has grown and evolved as an entrepreneur. I would like to wish him all the very best for our further years of association and I am sure that his dedication and efforts will make him do wonders in all his entrepreneurial ventures. My team and CFO Connect have been in discussion all this time and have finalized a lot of new strategies for all our stakeholders. We will be implementing them post our discussions with all our Regional Owners. We have also expanded our team that is working towards increasing your network all over the country and I would like to use this platform for welcoming the new team members and wish them good luck for their journey with RE/MAX. I want to assure you all that RE/MAX will continue to grow more aggressively and build long term value for all its stakeholders. I would like to thank all our customers, shareholders and business associates for their encouragement and support. In closing, I would like to you wish all of you and your loved ones a happy festive season ahead. Keep growing & stay motivated!
Another proud achievement for all of us has been completion of 5 Years of Affiliation of Cheers! Vivek Parikh, Broker Owner, RE/MAX Metro. Sam Chopra Vivek has been a STAR affiliate throughout his journey with RE/MAX and when I look back at his journey with us, I personally feel
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) Look who is in Spotlight this time
8) Happy Hours
9) Press Buzz
10) News from Regions
11) RE/MAX Anniversaries
12) ) News from RE/MAX LLC
13) Heroes of the month
14) Top Listings 15) Realty Bytes 17) RE/MAX India welcome its New Broker Associates
16) RE/MAX India welcome its New Broker Owners
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
From the Vice Chairman’s desk While I was going through the Newsletter this time, I saw this new section “HAPPY HOURS” that my team has introduced to explore what happens beyond the working hours of our Broker Offices. “A team that laughs together can work together” and I was very happy to see this fun side of some of our Broker Offices and I would like to thank them for sharing it ahead with us. RE/MAX is a family and looking at these candid moments, I can feel how all our Associates work together as one FAMILY!
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 All Will Achieve More”.
In the month of September Sam and I visited the regions of RE/MAX Portugal and RE/MAX Turkey, and we would like to thank their Regional Owners who didn’t only spend quality time sharing best practices with us but also gave us some excellent ideas that you all will see getting implemented in the Some of our regions had a power packed month coming months. which included RE/MAX Gujarat conducting a very well attended “Seminar on Entrepreneurship” along At last, I would like to congratulate Sandeep with on-going training sessions for their Associates, Pandya, Salim Ravani & Mabel Crasto for being the the team of RE/MAX Punjab becoming the exclusive Top Transactors and Anand Choksi for being the Top broker partners for the projects of GBP Builders and Recruiter for the month of September. Also a very their participation in their launch in Dubai and the warm welcome to all the new Broker Owners and team of RE/MAX Southern Karnataka preparing for Broker Associates that have joined us in the month their grand launch. The RE/MAX Academy of Real of September and wish them a great journey with us. Estate also had a house full of Affiliates from different We hope you find the September edition of the regions attending their respective training sessions RE/MAX Realty Review an interesting read! followed by the weekly webinars done by them. I am hoping that these webinars are of value addition to all of you and we are looking forward to having our Happy Selling & Recruiting!!! Affiliates take these webinars ahead by participating Regards as speakers in the same. Saloni Chopra
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
Events to look forward to in October!
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
News from RE/MAX India A network that believes in LEARNING, NETWORKING and FUN! Bringing back learning’s from the RE/MAX Portugal Meet and a visit to RE/MAX Turkey
Fulfilling the honor of Jury Duty
Mr. Sam Chopra, Chairman RE/MAX India as one of the expert jury member for the India International Property Awards, 2015 organized by ICC Pvt. Ltd. and Chromohomes Magazine.
Meeting the Industry Stalwarts at the 7th Realty Plus Conclave and Excellence Awards
Sahil Kapoor, Executive Director, RE/MAX India invited as a panelist for the session on “Rebooting Property Demand – Creating Consistent Demand in Today’s Market” along with Mr. Santosh Kumar, CEO, JLL; Mr Rajat Baldhi, MD & CEO, Financial Services; Mr Pradeep Seth,CEO,RPS Group and Mr Rajendra Kumar, Founder & Principal Architect, Architect Rajendra Kumar at the “7th Realty Plus Conclave and Excellence Awards”.
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
Sales Snapshot RE/MAX Gujarat
The team of RE/MAX Gujarat conducted another successful and very well attended “Seminar on Entrepreneurship� inviting their Broker Owners and external speakers to the event. The seminar concluded by sharing the Business Opportunities with RE/MAX and was well appreciated by all the attendees.
RE/MAX Punjab A, Punjab B and CMP
The regional team of RE/MAX Punjab and CMP team collaborated with GBP Builders during their project launch in Dubai. Meeting a good number of prospects for Franchise sales, the region also did a good value addition to their Affiliates as they are now the exclusive broker partners for the project.
RE/MAX Southern Karnataka
Preparing for the grand launch of their region, the team of RE/MAX Southern Karnataka has been making contact with a lot of prospects in their region, sharing the business opportunities with RE/MAX.
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
News from RARE Setting the right base for the newly joined Affiliates! A house full of Regional Owners, Broker Owners, Broker Associates and Franchise Sales Consultants from the regions of U. P. Central, Central Andhra, Punjab, Mumbai and Delhi getting trained at the RE/MAX Academy of Real Estate in different batches of their respective trainings!
To know more about the different trainings that RE/MAX conducts, reach us @7042698815
Training all our Affiliates through the “RE/MAX Sales Series” – Every Wednesday from 11:00 AM onwards!
*We are also open to the speaker opportunities for all of you in the coming webinars of the “Sales Series”. You can e-mail your name along with the name of the topic and the supportive presentation at sabrol@remax.in. If we find the content and topic suitable for all the attendees, we would approve it and assist you in hosting the webinar.
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
Look who is in SPOTLIGHT this time!
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
A quick glimpse of Vivek’s journey so far…
I always feel that Vivek is not only professional but is also hard working and willing to take an extra mile not only for his clients but all his Associates. I feel very proud when I see how much he has evolved as a mentor to his team and I have always been impressed by his focus on the business. He and his team have played a vital role in helping many people find their right home. Vivek is a true asset to RE/MAX and I would never hesitate in referring and recommending him to anyone who is looking to start in Real Estate. Sam Chopra, Founder and Chairman, RE/MAX India It’s been five years to our Association with RE/MAX Metro and no wonder it has been a wonderful journey with Vivek and his team. RE/MAX Metro has built up its name in providing the best service and customer satisfaction to all its clients. Every month through his Newsletter we get a glimpse of what’s happening in his office and it’s a pleasure reading the way he and his associates have taken a lead in anything and everything involved in Real Estate. Sam, I and the entire team are looking forward to more successful years of our Association! Saloni Chopra, Co- Founder and Vice Chairman, RE/MAX India Vivek’s journey from a cricketer to a Real Estate Consultant has been exemplary and an inspiration to everyone who is not from Real Estate background but wants to be in this field. Vivek has been one Associate who has been super active in dealing not only nationally but internationally. He is one of the most recommended Broker Owner and his positive “can do” attitude makes him stand out of the crowd! Sahil Kapoor, Executive Director, RE/MAX India Vivek has been a very sincere businessman and has painstakingly build a team of quality agents who perform. Even though he entered without any experience in this industry; he has outperformed well established brokers. We are lucky to have him part of our team and are happy to see him continuing the relationship after 5 years.
Regional team of RE/MAX Gujarat
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
Let’s explore the fun side of our Broker Offices! “HAPPY HOURS”
RE/MAX Advantage
Happy Hours @ RE/MAX Advantage - “Tough times don’t last but tough teams do! Ours is one amongst that and believes in ‘Work hard, Party Harder”
RE/MAX Realty Solutions
Happy Hours @RE/MAX Realty Solutions - The annual trips, team dinners with complete family, good rounds of football, cricket and so on… our team is just not #1 on OFF the field, but also ON the field!
RE/MAX Realty Investmart
RE/MAX Highrise Realty
Happy Hours @RE/MAX Realty Investmart- RE/MAX Realty Investmart has been a perfect example of how RE/MAX Women Entrepreneurs shine!
Happy Hours @ RE/MAX Highrise Realty – From tea parties to marathons to celebrations, the team believes in celebrating all the events together!
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
Press Buzz
Sahil Kapoor, Executive Director, RE/MAX India sharing his views on what all parametersshould the developers keep in mind while catering to the needs of today's customers in the new show on India News, Ghar Ek Sapna Channel: India News LINK: https://www.youtube.com/watch?v=-MxlNlxEywY
Sahil Kapoor, Executive Director, RE/MAX India in discussion with Zee Business addressing the issue - “Is Affordable Housing Really Affordable?”
With Affordable Housing being the one of the hot topic of discussion these days, Zee Business interacted with Sahil Kapoor to take his view points on the topic.
Channel: India News LINK: https://www.youtube.com/watch?v=-MxlNlxEywY
Channel: India News LINK: https://www.youtube.com/watch?v=-MxlNlxEywY
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
Exclusive story on Mr. Sam Chopra’s journey with RE/MAX and the initiatives taken by him in bringing change in the Real Estate sector Publication: Realty Plus
Read on how a perfect blend of Fulfillment, Inventory and Technology will be a solution provider to the home buyers... All one needs is superior technology and expertise in services! Publication: Realty Plus
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
RE/MAX ties up with BroEX, the mobile based app connecting the Real Estate Broker network Publication: The Tribune
Empowering the Real Estate Brokers by bringing them on a common platform – RE/MAX Ties up with BroEx. Publication: Hindustan Times
Story on the affordable housing destinations in Delhi NCR Publication: Mail Today
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
Expert quotes in an exclusive story on Real Estate scenario in Faridabad Publication: The Tribune
Expert quote on the impact on Real Estate market of Chandigarh after the start of the Chandigarh airport Publication: The Tribune
An expert quote on the slow housing sales in Delhi NCR Publication: Mail Today
What all you should know if you planning to invest in Mumbai Publication: Hindustan Times
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
Expert opinion on Raghuram Rajan’s statement on price cut to stabilize the Real Estate sales
Story on increasing women participation in making the final home buying decision
Publication: Financial Chronicle
Publication: Chromohomes Magazine
News from the Regions RE/MAX Delhi NCR
The month of September went very eventful for the Associates of RE/MAX Delhi NCR. From the newly joined Associates getting trained at the RE/MAX Academy of Real Estate to them implementing their learning’s after training to Meena Yadav from RE/MAX Realty Investmart completing global transactions to the team of RE/MAX Solution Specialists spending quality time with the Chairman of RE/MAX, the month went action packed for RE/MAX Delhi NCR.
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
RE/MAX Gujarat
The month of September was of full of celebrations for the team of RE/MAX Gujarat as they celebrated the renewal one of their first franchise RE/MAX Metro. In the month of September, in addition to having a great seminar on Entrepreneurship, the region also conducted a special training for their Associates at their regional office.
RE/MAX MP-1
The region of RE/MAX MP 1 organized a special Referral meet for all their Associates in the month of September. In addition to it the region remained very active in promoting RE/MAX through various marketing initiatives well promoted on their Facebook pages.
RE/MAX Anniversaries (May - June) Name of the Region
Broker Office Name
Broker Owners Name
Number of Years
North and South Gujarat
RE/MAX Kunvarji
Chirag Thakker
2 Years
Greater Vaishaka
RE/MAX Grand
Shashi Kumar Villuri
1 Year
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
News from RE/MAX LLC
Benefits
All-in-one platform – You can now access both Global Training and the RE/MAX Global Referral Exchange directly from a singular platform. Multilingual functionality: Fully translated platform into 18 different languages to service the RE/MAX network’s global reach of nearly 100 countries Multiple communities: Within Global Training, private groups have been created on a regional level as well as for both Regional & Broker Owners
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
Heroes of the Month
Readers of the month - May – August Edition September
#1 Debashis Majumdar Regional Owner RE/MAX West Bengal
#2 Sachin Upendra Trivedi Broker Associate RE/MAX Metro, RE/MAX Gujarat
#3 Piyush Jain Asst. Regional Director RE/MAX MP 1
Top Listors for the month of September
#2 Ila Pachuri RE/MAX Realty Investmart RE/MAX Delhi NCR
#2 Vikram Doogar RE/MAX Realty Solutions RE/MAX West Bengal
Top Transactors for the month of September
#1 Sandeep Pandya RE/MAX Dreamz RE/MAX Gujarat
Top Recruiter for the month of September
#1 Anand Choksi RE/MAX Advantage RE/MAX Gujarat
#2 Salim Ravani RE/MAX Advantage RE/MAX Gujarat
#3 Mabel Crasto RE/MAX Matrix RE/MAX Mumbai
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
Top Listings
http://www.remax.in/505034006-259
http://www.remax.in/504056004-92
Description: Fully Furnished Office on rent in Shapath-IV, Prahladnagar, Area: 1905 Sq.Ft., Rent:1,00,000/. P.M. Amenities like Power Back-up, Intercom Facility, Security / Fire Alarm, Cafeteria / Food Court, Fitness Centre / GYMetc.
Description: The Pinnacle offers spacious four-bedroom luxury apartments with a provision for two servant rooms per apartment within a covered area of 3,868 square feet. Located close to DLF Golf and Country Club,
Broker Associate: Sandeep Pandya Broker Office: RE/MAX Dreamz Region: RE/MAX Gujarat
Broker Associate: Shantanu Malik Broker Office: RE/MAX 1st Choice Realty Region: RE/MAX Delhi NCR
http://www.remax.in/505037001-595 Description: 3 BHk Flat on Rent Indraprasth 5 Nr. Auda Garden, B/h. Flavour Restaurant, Nr. Surdhara-2 Bungalows, Prahlad Nagar, Satellite, Ahmedabad Broker Associate: Jigar Pandya Broker Office: RE/MAX Corporate Services Region: RE/MAX Gujarat
http://www.remax.in/517018001-22 Description: 2bhk falt for sale in lodha palava mumbai. With facilities like parking , Air Conditioning, Storage Room and is Near Highway Broker Associate: Nisreen Hamid Broker Office: RE/MAX Estates Region: RE/MAX Mumbai
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001
Realty Bytes Realty industry hails rate cut by RBI Decisive interest rate cuts by banks were just the spark the real estate market was waiting for. Realtors are cheering the actions of lenders such as State Bank of India, Housing Development Finance Co and ICICI Bank, which have shed their reluctance to pass on the Reserve Bank of India's past rate cuts to customers. The rate reductions, varying from 15 basis points (bps) to 35 bps, can fuel the realty demand already being stoked by the government's smart cities, affordable housing and Digital India programmes that focus on reducing the population inflows into cities which are bursting at the seams. A basis point is 0.01 percentage point. State Bank of India is now offering home loans at 9.55 per cent, while HDFC, which cut its lending rate on Monday, is offering them at 9.65 per cent a year. Women borrowers get loans at 5 bps lower rate. ICICI BankBSE -1.41 also followed its peers and lowered lending rates on Tuesday to 9.65 per cent a year for loans up to Rs 5 crore for salaried professionals; for women borrowers, loans will be 5 bps cheaper. "This is the trigger the market has been eagerly waiting for. We have already started seeing fresh interest from buyers," said Sandeep Ahuja, chief executive of Mumbai-based Richa Realtors. "Many realtors in Mumbai have started rationalising prices. Companies that understand the right price and right location will see growth momentum.
Real estate industry has been hobbled for a few years now by poor demand due to unaffordable prices. Also, the Reserve Bank of India's high rate policy to counter inflation had prevented people from buying properties. Now, with it cutting policy rates by 50 bps last month, taking the total to 125 bps since January, the market is looking up. "The various measures of the government like 'smart city', Digital India, 'housing for all', along with revival in investment and consumption demand, will create a favourable platform for the real estate sector to grow," said Corporation Bank chairman and managing director SR Bansal. Prior to this, the mood in the industry was despondent. While sales volume dropped by 19 per cent in H1 2015 compared to H1 2014, new launches fell by a whopping 45 per cent during the period, real estate consultants Knight Frank said in a report on India real estate covering the period from January to June. Real estate sector contributes 6-7 per cent to GDP and any movement is going to help the entire economy, especially the cement, iron and steel sectors and the job market. LINK: http://economictimes.indiatimes.com/industry/banking/finance/fi nance/cheaper-homes-soon-a-reality-as-icici-joins-sbi-hdfc-incutting-rates/articleshow/49250525.cms
Realty industry hails rate cut by RBI Kochi is followed by Nashik at 2 and Vadodara at 4, both from western India. Regionally, south is at the top, followed by west and central India. Just like their bigger counterparts, southern tier II cities have also outperformed their northern peers as top residential real estate destinations, with Kochi grabbing the top spot, according to a new report by property research firm Prop Equity.
All other five southern tier II cities surveyed - Vishakapatnam (rank 3), Thiruvananthapuram (5), Mangalore (7), Goa (9) and Coimbatore (10) - featured in the top 10 cities, while only one city from the north Jaipur (6) - managed to be in the top 10. The bottom four cities were all north Indian cities - of Agra, Lucknow, Bhiwadi and Mohali. Kochi is followed by Nashik at 2 and Vadodara at 4, both from western India. Regionally, south is at the top, followed by west and central India.
"Much like tier I cities, northern tier II cities are also marred by project delays, expensive properties and a demand and supply mismatch," said Samir Jasuja, managing director and founder, PropEquity, adding, "Southern India has traditionally been an end users market, which has kept its property prices in check and relatively affordable."
Despite a significant slowdown in the sector across India over the last two years, from March 2013 to March 2015 the launch prices have continued to rise unabated for most tier II cities. The maximum increase was witnessed in Bhopal, with a compounded annual price rise (CAPR) of 23, followed by Jaipur at 20. Mohali , Agra , and Goa were the only cities that witnessed fall in property launch prices.
RE/MAX Realty Review
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In terms of market size, Vadodara has clearly emerged as the leader among tier II cities with Rs 4,300 crore worth of annual residential sales, while Jaipur and Bhiwadi stand neck to neck with sales worth Rs 3,000 crore each.
While the growth prospects in many tier I cities have saturated, smaller cities may become the next frontier for development, in light of the promised latent growth, and upcoming infrastructure initiatives such as smart city development. "The potential for growth in real estate in tier II cities can no longer be ignored by investors and end All top tier II cities, except Dehradun, Visakhapatnam, Goa, and users," said Jasuja. Trivandrum, witnessed a decline in their market size with the weighted average decline of 20 over the last year due to the LINK: http://realty.economictimes.indiatimes.com/news/residential/sout overall slowdown in the real estate market. h-outperforms-north-as-top-tier-ii-residential-realty-destinationkochi-grabs-top-spot/48987374
RE/MAX India Welcomes its New Broker Owners - September Region Name
Office Name
Associate Name
RE/MAX Rest of Tamil Nadu
RE/MAX First Choice
Venkatachalapathy .P
RE/MAX Rest RE/MAX of Tamil Nadu RE/MAXits Aares Properties Raj Kumar India Welcomes New Broker Owners - September RE/MAX Uttar Pradesh – Central
RE/MAX Genesis Realty
Saurabh Saxena
RE/MAX Mumbai
RE/MAX Properties
Sandeep Didwania
RE/MAX India Welcomes its New Broker Associates - September Name of the Region RE/MAX Gujarat
Broker Office Name RE/MAX Property Clinic Plus
Associate Name Vishal Dave
RE/MAX Gujarat
RE/MAX Property Clinic Plus
Pinal Kumar nayak
RE/MAX Telangana
RE/MAX Realty Services
Sandeep Thumiki
RE/MAX Central Andhra
RE/MAX Properties Plus
Rajesh Gaddipati
RE/MAX West Hyderabad
RE/MAX Realty Services
Anil Kumar Singh
RE/MAX North Gujarat
RE/MAX Corporate Services
Ajay Thakur
RE/MAX Delhi NCR
RE/MAX Highrise Realty
Ravinder Bhardwaj
RE/MAX Gujarat
RE/MAX Corporate Services
Tarang R Jethva
RE/MAX Rest of Tamil Nadu
RE/MAX Appu Real Estate
Kanniah Kandasamy Pillai
RE/MAX Rest of Tamil Nadu
RE/MAX First Choice
V Sreenivasa
RE/MAX Mumbai
RE/MAX Sun REALTORS
Suresh Makhija
RE/MAX Gujarat
RE/MAX Advantage
Hema Joshi
RE/MAX Gujarat
RE/MAX Advantage
Aakash Desai
RE/MAX Gujarat
RE/MAX Propert Clinic Plus
Ashish Joshi
RE/MAX Realty Review
September, 2015 www.remax.in or Call us at +91 9654965001