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RE/MAX Realty Review September, 2015
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!
Another proud achievement for all of us has
been completion of 5 Years of Affiliation of
Vivek Parikh, Broker Owner, RE/MAX Metro.
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
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!
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) 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
16) RE/MAX India welcome its New Broker Owners 17) RE/MAX India welcome its New Broker
Associates
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!
Some of our regions had a power packed month
which included RE/MAX Gujarat conducting a very
well attended “Seminar on Entrepreneurship” along
with on-going training sessions for their Associates,
the team of RE/MAX Punjab becoming the exclusive
broker partners for the projects of GBP Builders and
their participation in their launch in Dubai and the
team of RE/MAX Southern Karnataka preparing for
their grand launch. The RE/MAX Academy of Real
Estate also had a house full of Affiliates from different
regions attending their respective training sessions
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
Affiliates take these webinars ahead by participating
as speakers in the same.
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
coming months.
At last, I would like to congratulate Sandeep
Pandya, Salim Ravani & Mabel Crasto for being the
Top Transactors and Anand Choksi for being the Top
Recruiter for the month of September. Also a very
warm welcome to all the new Broker Owners and
Broker Associates that have joined us in the month
of September and wish them a great journey with us.
We hope you find the September edition of the
RE/MAX Realty Review an interesting read!
Happy Selling & Recruiting!!!
Regards
Saloni Chopra
Events to look forward to in October!
RE/MAX Realty Review September, 2015
www.remax.in or Call us at +91 9654965001
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 Meeting the Industry Stalwarts at the 7th Realty
Plus Conclave and Excellence Awards
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.
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 RE/MAX Southern Karnataka
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.
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 [email protected]. 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 RE/MAX Realty Solutions
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”
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
Happy Hours @RE/MAX Realty Investmart- RE/MAX Realty
Investmart has been a perfect example of how RE/MAX Women
Entrepreneurs shine!
RE/MAX Highrise Realty
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 parameters should 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?”
Channel: India News
LINK: https://www.youtube.com/watch?v=-MxlNlxEywY
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
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
Press Buzz
PUBLICATION: Realty & More PUBLICATION: Realty &More
LINK: http:/ / www.realtynmore.com/ budget-expectations/
LINK: http:/ / www.realtynmore.com/ budget-expectations/
PUBLICATION: Deccan Herald – Better Homes & Interiors supplement, National Edition.
PUBLICATION: ET Realty - Real Estate news portal of the
Economic Times
LINK:http:/ / www.deccanherald.com/ content/ 457932/ get-home-not-house.html
LINK:http:/ / realty.economictimes.indiatimes.com/ news/ residential/ where-will-the-recovery-in-home-sales-start-from/ 46313564
Press Buzz
PUBLICATION: Realty & More PUBLICATION: Realty &More
LINK: http:/ / www.realtynmore.com/ budget-expectations/
LINK: http:/ / www.realtynmore.com/ budget-expectations/
PUBLICATION: Deccan Herald – Better Homes & Interiors supplement, National Edition.
PUBLICATION: ET Realty - Real Estate news portal of the
Economic Times
LINK:http:/ / www.deccanherald.com/ content/ 457932/ get-home-not-house.html
LINK:http:/ / realty.economictimes.indiatimes.com/ news/ residential/ where-will-the-recovery-in-home-sales-start-from/ 46313564
Press Buzz
PUBLICATION: Realty & More PUBLICATION: Realty &More
LINK: http:/ / www.realtynmore.com/ budget-expectations/
LINK: http:/ / www.realtynmore.com/ budget-expectations/
PUBLICATION: Deccan Herald – Better Homes & Interiors supplement, National Edition.
PUBLICATION: ET Realty - Real Estate news portal of the
Economic Times
LINK:http:/ / www.deccanherald.com/ content/ 457932/ get-home-not-house.html
LINK:http:/ / realty.economictimes.indiatimes.com/ news/ residential/ where-will-the-recovery-in-home-sales-start-from/ 46313564
Press Buzz
PUBLICATION: Realty & More PUBLICATION: Realty &More
LINK: http:/ / www.realtynmore.com/ budget-expectations/
LINK: http:/ / www.realtynmore.com/ budget-expectations/
PUBLICATION: Deccan Herald – Better Homes & Interiors supplement, National Edition.
PUBLICATION: ET Realty - Real Estate news portal of the
Economic Times
LINK:http:/ / www.deccanherald.com/ content/ 457932/ get-home-not-house.html
LINK:http:/ / realty.economictimes.indiatimes.com/ news/ residential/ where-will-the-recovery-in-home-sales-start-from/ 46313564
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
An expert quote on the slow housing sales in Delhi NCR
Publication: Mail Today
Expert quote on the impact on Real Estate market of Chandigarh
after the start of the Chandigarh airport
Publication: The Tribune
What all you should know if you planning to invest in Mumbai
Publication: Hindustan Times
Press Buzz
PUBLICATION: Realty & More PUBLICATION: Realty &More
LINK: http:/ / www.realtynmore.com/ budget-expectations/
LINK: http:/ / www.realtynmore.com/ budget-expectations/
PUBLICATION: Deccan Herald – Better Homes & Interiors supplement, National Edition.
PUBLICATION: ET Realty - Real Estate news portal of the
Economic Times
LINK:http:/ / www.deccanherald.com/ content/ 457932/ get-home-not-house.html
LINK:http:/ / realty.economictimes.indiatimes.com/ news/ residential/ where-will-the-recovery-in-home-sales-start-from/ 46313564
Press Buzz
PUBLICATION: Realty & More PUBLICATION: Realty &More
LINK: http:/ / www.realtynmore.com/ budget-expectations/
LINK: http:/ / www.realtynmore.com/ budget-expectations/
PUBLICATION: Deccan Herald – Better Homes & Interiors supplement, National Edition.
PUBLICATION: ET Realty - Real Estate news portal of the
Economic Times
LINK:http:/ / www.deccanherald.com/ content/ 457932/ get-home-not-house.html
LINK:http:/ / realty.economictimes.indiatimes.com/ news/ residential/ where-will-the-recovery-in-home-sales-start-from/ 46313564
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
Publication: Financial Chronicle
Story on increasing women participation in making the final home
buying decision
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.
Press Buzz
PUBLICATION: Realty & More PUBLICATION: Realty &More
LINK: http:/ / www.realtynmore.com/ budget-expectations/
LINK: http:/ / www.realtynmore.com/ budget-expectations/
PUBLICATION: Deccan Herald – Better Homes & Interiors supplement, National Edition.
PUBLICATION: ET Realty - Real Estate news portal of the
Economic Times
LINK:http:/ / www.deccanherald.com/ content/ 457932/ get-home-not-house.html
LINK:http:/ / realty.economictimes.indiatimes.com/ news/ residential/ where-will-the-recovery-in-home-sales-start-from/ 46313564
Press Buzz
PUBLICATION: Realty & More PUBLICATION: Realty &More
LINK: http:/ / www.realtynmore.com/ budget-expectations/
LINK: http:/ / www.realtynmore.com/ budget-expectations/
PUBLICATION: Deccan Herald – Better Homes & Interiors supplement, National Edition.
PUBLICATION: ET Realty - Real Estate news portal of the
Economic Times
LINK:http:/ / www.deccanherald.com/ content/ 457932/ get-home-not-house.html
LINK:http:/ / realty.economictimes.indiatimes.com/ news/ residential/ where-will-the-recovery-in-home-sales-start-from/ 46313564
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
Heroes of the Month
RE/MAX Realty Review September, 2015
www.remax.in or Call us at +91 9654965001
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
#2 Salim Ravani
RE/MAX Advantage
RE/MAX Gujarat
#3 Mabel Crasto
RE/MAX Matrix
RE/MAX Mumbai
Top Recruiter for the month of September
#1 Anand Choksi
RE/MAX Advantage
RE/MAX Gujarat
RE/MAX Realty Review September, 2015
www.remax.in or Call us at +91 9654965001
Top Listings
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.
Broker Associate: Sandeep Pandya
Broker Office: RE/MAX Dreamz
Region: RE/MAX Gujarat
http://www.remax.in/505034006-259
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: Shantanu Malik
Broker Office: RE/MAX 1st Choice Realty
Region: RE/MAX Delhi NCR
http://www.remax.in/504056004-92
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
http://www.remax.in/517018001-22
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/505037001-595
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/finance/cheaper-homes-soon-a-reality-as-icici-joins-sbi-hdfc-in-cutting-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.
"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."
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.
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 India Welcomes its New Broker Owners - September
RE/MAX India Welcomes its New Broker Associates - September
RE/MAX Realty Review September, 2015
www.remax.in or Call us at +91 9654965001
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.
All top tier II cities, except Dehradun, Visakhapatnam, Goa, and
Trivandrum, witnessed a decline in their market size with the
weighted average decline of 20 over the last year due to the
overall slowdown in the real estate market.
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
users," said Jasuja.
LINK: http://realty.economictimes.indiatimes.com/news/residential/south-outperforms-north-as-top-tier-ii-residential-realty-destination-kochi-grabs-top-spot/48987374
RE/MAX India Welcomes its New Broker Owners - September
Name of the Region Broker Office Name Associate Name
RE/MAX Gujarat RE/MAX Property Clinic Plus 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
Region Name Office Name Associate Name
RE/MAX Rest of Tamil Nadu RE/MAX First Choice Venkatachalapathy .P
RE/MAX Rest of Tamil Nadu RE/MAX Aares Properties Raj Kumar
RE/MAX Uttar Pradesh – Central RE/MAX Genesis Realty Saurabh Saxena
RE/MAX Mumbai RE/MAX Properties Sandeep Didwania
RE/MAX Realty Review September, 2015
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