1. RE/MAX Mumbai Gujarat Maharashtra
MGM NEWSLETTER
December - 2013
RE/MAX wishes a Very Happy New Year to you all!
HighLIGHTS
»» Management Speak
»» New Broker Associates
»» Online Trainingdone in DECEMBER
»» BO SPEAK
»» Real Estate News
»» International RE/MAX News
Management Speak:
Dear Associates,
Wish you all a very happy new year 2014!! I welcome all the new affiliates who has joined RE/
MAX in the month of December 2013. Let us all
make a resolution of New Year to take RE/MAX to
a new height by doing more transactions and satisfying more customers. Small things like personal
notes are doing wonders for those who have started
using the same. Market is slow and before it takes
off in coming months, let’s try and generate more
and more listings so that when market bounces
back, you have maximum listings to offer to those
who are looking for investing or buying something.
Slow markets is the best time to reach to more people by doing all cost effective activities and expand
of circle of influence.
I would like to congratulate to MsManisha and MsShreya for getting recognized at young achievers award as ‘Most innovative Broker Office” it’s is a proud moment for whole RE/MAX. Congratulations to all the top performers in terms of transactions.
It is also proud moment for RE/MAX in the whole world for getting our founder and CEO’s name
in most influential people in the world in real estate by Inman.
We are getting more response in our online training and also getting response from people getting result by implementing that training. This makes us focus more on such initiative and we
request all the affiliates to take full advantage of such training.
We are also focusing on magazine which is launched under the name Real Estate Maximum
which covers updates from RE/MAX and city specific real estate news and updates. In this
magazine there is a specific area for promoting resale listing under which all Broker Associates
can list their properties and reach to the elite subscription base of 10000.
Wish you all the best for 2014!!
Aashil Patel
Regional Director
RE/MAX Mumbai Gujarat Maharashtra
RE/MAX MGM
Safal Profitaire, Block A, G5,
Corporate Road, Opp.
Prahladnagar Garden Road,
Ahmedabad – 380 015
Phone : +91 99090 66999
Email: mgm@remax.in

2. RE/MAX Mumbai –Gujarat – Maharashtra
RE/MAX Mumbai Gujarat Maharashtra registered 05new agents in the
month of December2013. RE/MAX MGM congratulates all these Broker
Associates for joining RE/MAX and wishes them all the best.
RE/MAX Advantage
Jagdish Joshi
RE/MAX Property Clinic
Jashwant Patel
RE/MAX Panorama Realty
Ramesh Shah
RE/MAX Panorama Realty
Rajan Awasare
RE/MAX Panorama Realty
Vinayak Mile
ONLINE TRAINING IN DECEMBER 2013
Date
Session Name
11-12-13
How to get more Listings
Broker Owner Speak:
Munish Gupta, RE/MAX DREAMZ, Ahmedabad
What are the changes in your responsibilities after becoming a Broker Owner to Broker Associate?
Having worked within a team throughout my career, it has been really a delighting experience so as to work around for it is like being responsible for certain things which I have always contributed to in my earlier associations as well:
•
Supporting my team whenever they need any kind of support
•
Motivating and mentoring them to reach to the next level of performance
•
Making sure appropriate environment and infrastructure is made available to the team for seamless operations
•
Relationship building with all top developers and touch basing with top 10 clients each month
•
Setting up internal processes and policies for smooth and scale able operations
And last but not the least, building up a fun filled work culture so as to achieve high amount of work satisfaction among the team and making
sure that each one of us contributes well to success of this journey called “DREAMZ” powered by RE/MAX!!!

3. RE/MAX Mumbai –Gujarat – Maharashtra
RE/MAX MGM Congratulates team RE/MAX
Matrix for Winning the “Most Innovative Broker
Office - West India” and Ms. Manisha Mehta for
Winning the “Young Achiever” Awards at The 6th
Estate Awards 2013- WEST India Edition - Hotel
Lalit, Mumbai .
Congratulations once again to Mr. Rohit Keshwani of
RE/ MAX PLUS, Ahmedabad & Jayesh Patel of RE/
MAX ADVANTAGE, AHMEDABAD.

4. RE/MAX Mumbai –Gujarat – Maharashtra
A SPECIAL CONGRATULATIONS to RE/MAX elite, Margaret Kelly, Dave Liniger and Michael Thorne, named to the 2014 Inman 100 Most Influential
Real Estate Leaders!
REAL ESTATE NEWS :
Hike in ready reckoner rates may spike cost: Maharashtra realtors
Developers say that the prices of property will not go down, instead they will further rise in the wake of fresh hike in ready reckoner (RR) rates
announced by the Maharashtra government on Tuesday. RR rates are used to calculate the minimum registration and stamp duty charges
paid at the time of registering the property.
It is also the rate fixed by the government below which sale of property cannot happen in the given area. The RR rates have gone up by up
to 20% in Mumbai, which means outgo of higher stamp duty for home buyers. In Pune, the rates have touched a maximum of 20%.
According to developers, all the government-related charges like stamp duty, registration, taxes, etc, that used to account for 12-15% of the
cost of an apartment, will now rise to 15-18%. Worse, the Reserve Bank of India (RBI) does not acknowledge these costs in the home loans
disbursed to customers, which means an added burden on home buyers.
http://www.financialexpress.com/news/hike-in-ready-reckoner-rates-may-spike-cost-maharashtra-realtors/1214340

5. RE/MAX Mumbai –Gujarat – Maharashtra
Real estate NPAs worth Rs 7,000 cr
up for sale: Report
Real estate sector looking up in Gujarat
An estimated R7,700-crore worth of residential and commercial
properties as non-performing assets (NPAs) with banks and financial institutions are up for sale. Maharashtra — largely due
to Mumbai — tops the list on both commercial and residential
properties’ NPAs, according to data compiled by NPAsource.
com. The online portal has total NPA properties worth around
R27,500crore registered from 27,626 units, of which, 2,200 are
in the commercial category and nearly 11,000 in the residential
segment, it said.
After a lull, Gujarat’s real estate sector has started looking up and
is reflected in the government’s income from the stamp duty and
registration fee going up this year. The collections had been in the
negative last year largely due to discounts and hopes that the market
will revive in coming months.
The biggest chunk of NPA properties fall under the industrial land & building category, with a 65% plus share in value
terms. State-wise, Maharashtra tops the list of most number of NPAs, with 563 units worth R842 crore in commercial properties and 2,492 units worth R838 crore in residential properties, NPAsource.com said. Delhi comes next with
R686-crore worth of NPA commercial and NPA residential
properties worth R500 crore.
http://www.financialexpress.com/news/real-estatenpas-worth-rs-7000-cr-up-for-sale-report/1213908
Mumbai office realty: Western suburbs new growth centre
Looking back on 2013, the prevailing attitude among businesses
toward the economy was “wait and see. The decision to take up
more real estate office space was mostly put on hold; or companies
aggressively looked to bring down their costs. Corporates put their
investment decisions on hold, waiting to see how the economic scenario unfolds especially in light of the forth-coming national elections.
With this backdrop of uncertainty, commercial real estate in Mumbai produced mixed results. Office take-up in Mumbai in 2013 was
recorded at 4.76 million sq. ft., which was 21 per cent lower as
compared to the previous year. The first half of 2013 was notably
stronger than the second half, but the whole year was marked by a
lack of large leasing transactions.
http://www.financialexpress.com/news/mumbaioffice-realty-western-suburbs-new-growth-centre/1215242
As compared to last year’s average monthly collection of Rs 209
crore from April to October, the government collected Rs 396 crore
per month in the same period this year.
“Investors and buyers have started investing again as they feel that
the market rate will increase soon after LokSabha elections,” says
YogeshBhavsar the president of Gujarat Institute of Housing and Estate Developers (GIHED).
Jaxay Shah, vice-president of the Confederation of Real Estate Developer’s Associations of India (CREDAI), says, “The good monsoon
has revived the industry.”
http://www.indianrealtynews.com/other-city/realestate-sector-looking-up-in-gujarat.html
Ahmedabad real estate market looks
promising
Realty market is very sensitive in today’s scenario and any increase
in borrowing cost will lead to consumer disappointment. However,
we also understand that strict measures are required to curb the
burning inflation and Rupee fall, but it is also equally important to
keep other aspects of economy while taking strategic decisions. Although, looking at the strong fundamentals of the Indian economy
and its robust growth, all these seem to be temporary.
With the continuous increase in the buying power of Indians, residential property demand is going to be significantly high for the
next 25 years. Also, one always has to keep in mind that Indian real
estate market is very dynamic and different places have their own
trends. Like in some mega cities, there is a clear problem of excess
inventories which cannot be backed up by demand. But, cities like
Ahmedabad, which have seen significant growth, will continue to be
a fruitful territory for the coming decades. To be honest, commercials are a little weak, as it is more driven by economical and market
sentiment, but it will be back to its full swing soon.

6. RE/MAX Mumbai –Gujarat – Maharashtra
RE/MAX Honored as Top Corporate Trainer
DENVER – For the third consecutive year, RE/MAX University (RU)
has been recognized as one of the best among corporate-sponsored
training programs, capturing a place on Training magazine’s Top 125
list. The 14th annual survey ranked excellence in employer-sponsored training and development programs tied to corporate strategic
goals and measurable results.
“Our high level of training and support for RE/MAX agents and our
Broker/Owners is what sets us apart from our competitors,” said
Mike Ryan, RE/MAX Executive Vice President, RE/MAX, LLC. “We
believe RU training programs improve the performance of our agents
and enhance their customer service.”
RU is a proprietary online resource that offers on-demand 24/7
access to training opportunities for more than 90,000 RE/MAX Affiliates around the world, delivering HD quality video programs and
online training for viewing on multiple devices. Most programs are
available at no cost.
RE/MAX debuts new mobile-ready website
RE/MAX LLC has re-launched the company’s website with a simplified user interface and data on more than 87 million properties
nationwide — both homes for sale and previously sold.
Remax.com is “mobile-ready and tablet-friendly,” and the company
claims it’s the first franchisor to provide a consistent Web experience across desktops, tablets and smartphones.
Users can tap and swipe through oversized photos of property listings — a “Quiet Mode” even allows them to turn off other content
on a page to focus on the large-scale images. Lead forms for RE/
MAX agents are prominently displayed on listing detail pages.
http://www.inman.com/2012/12/03/remax-debuts-newmobile-ready-website/
RE/MAX agents lead the industry in professional designations/certifications, with over 70,000 courses taken at home or in the office through the use of RU. RE/MAX values high quality training and
makes continuing education a priority to ensure the success of all
RE/MAX agents and offices.
That success was proven once again this year, in top real estate
industry surveys, which showed RE/MAX agents to be among the
industry’s top performers. The RISMedia Power Broker Report and
the REAL Trends 500 survey both showed that RE/MAX agents were
the most productive when ranked by closed transaction sides among
the national real estate franchises.
RE/MAX MGM
Safal Profitaire, Block A, G5,
Corportate Road,
Opp. Prahladnagar Garden Road,
Ahmedabad – 380 015
Phone : +91 99090 66999
Email: mgm@remax.in
NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX