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MGM NEWSLETTER JUNE 2014
1
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
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
CONTENT
Management Speak
New Broker Associates
ONLINE TRAINING IN JUNE 2014
Online Training Calendar JULY 2014
Changing Trends in Real Estate EVENTS
Positive Investor Sentiment In
Real Estate Sector In India
RE/MAX starts its own brand store online
for you to buy RE/MAX products.
REAL ESTATE NEWS
Upcoming Events
RE/MAX INTERNATIONAL NEWS
Photo Gallery
REAL ESTATE & RETAILERS
MANAGEMENTSPEAK!
Dear Affiliates,
It’s a start of July and we are still waiting for Rain to arrive which
is quite late. A weak monsoon is already sending food prices
shooting up and sparking inflation.The price of onions has
climbed over 20% in the past weeks.
Now that new government is formed, all eyes are set on the
Union Budget 2014-15, which will be presented by Finance
Minister in the second week of July. People from all industries
are waiting keenly for the Union Budget.
Having said that the Finance Minister has to address key and pressing concerns faced by the country.
The growth rate, which is heading south, and inflation which is heading north, need to be taken care of on an
urgent basis.
Real estate industry is expecting following things from the budget:
	 Reduction of taxes and removal of service taxes, which significantly increases the price of a property and
burdens the common man.
	 Reduction of repo rates and in turn, the rate of interest on home loans.
	 Providing an‘industry’status to the realty sector. Once it acquires that status, then interest rates by the
banks to the sector will be different. As a result, it will reduce the interest rates that they charge to the
real estate sector.
	 Provision of a single-window clearance for project approvals.The current process for project approvals is
very tedious and there is no transparency in the system. A single-window clearance will help the sector
in the long run.
Amid all these, RE/MAX MGM marches ahead with its renewed marketing efforts and after successful FRO
in Mumbai in May 2014, RE/MAX MGM organized seminars on ChangingTrends in Real Estate in Nashik and
Ahmedabad. It was back to back 3 seminars in a day and people wanting to know about Changing trends in
real estate attended the same.
RE/MAX MGM will participate in FRO in Pune on July 12 and 13th followed by Follow-up events.
On more exciting news to share about all of you are that on the auspicious day of rath yatra we did more than
25 transaction which defines our strength in the network and hard work of our affiliates.
Overall this month was very happening for RE/MAX MGM.
AashilPatel
Regional Director
RE/MAX Mumbai Gujarat Maharashtra
MGM NEWSLETTER
RE/MAX Mumbai Gujarat Maharashtra JUNE 2014
MGM NEWSLETTER JUNE 2014
MGM NEWSLETTER JUNE 2014
2
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
RE/MAX Mumbai Gujarat Maharashtra registered 2 new agents in the month of June
2014. RE/MAX MGM congratulates all these Broker Associates for joining RE/MAX and
wishes them all the best.
ONLINE TRAINING DONE IN JUNE 2014
All online training starts at 11.00 a.m. and contact mgm@remax.in for more details.
Ketan l Vora - #1
RE/MAX Innovest, Mumbai
http://www.remax.in/Ketan_vora
Munish Gupta - #2
RE/MAX Dreamz, North Gujarat
http://www.remax.in/AgentProfile.aspx?AgentID=505034005
Rahul Jain - #3
RE/MAX Realty Solutions, North Gujarat
http://www.remax.in/rahul_jain
ONLINE TRAINING CALENDAR JULY 2014
TOP PERFORMING TRANSACTORS OF RE/MAX INDIA FOR THE MONTH OF MAY
ALL OF THE AGENTS ARE FROM RE/MAX MGM AND CONGRATULATIONS TO THEM
NAME	OFFICE
Sunil Mehta	 RE/MAX Ronisun Realty
Stavan Belani	 RE/MAX Advantage
Date Session Name
4th June Marketing using WhatsApp
11th June Commercial Real Estate: Why and How?
18th June Mistakes of Real Estate Agent and Marketing Techniques
25th June Fundamentals in Real Estate - Part 1 : Getting Started
Date Session
2nd July Fundamentals in Real Estate - Part 2 : Marketing
9th July Fundamentals in Real Estate - Part 3 : Prospecting Systems
16th July Fundamentals in Real Estate - Part 4 : Working with Sellers
23rd July Fundamentals in Real Estate - Part 5 : Working with Buyers
30th July Fundamentals in Real Estate - Part 6 : Generating Referrals
MGM NEWSLETTER JUNE 2014
MGM NEWSLETTER JUNE 2014
3
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
Event on Changing Trends in Real Estate in Nashik
RE/MAX MGM did an event on Changing Trends in Real Estate in Nashik,
Maharashtra on June 7, 2014.
The event was held at Hotel Sarovar Portico in 3 session back
to back in a day. All the sessions recorded full attendance
and the attendees patiently heard Manan Choksi, Regional
Director of RE/MAX MGM about changing trends in real estate
and how RE/MAX comes into picture and plays a vital role in
these changing trends.
To make people aware about this event RE/MAX MGM had
done various marketing efforts. RE/MAX MGM sent out 45000
WhatsApp messages, 60000 SMS, 1 lac external Emailing,
2 newspaper advertisements, 100 emails to own database,
voice calls 6000 nos. By doing this RE/MAX MGM reached out
to over 2 Lacs people making them aware about RE/MAX in
Nashik and surrounding areas.
RE/MAX MGM got tremendous response of all these efforts
and people turned out more than expected and many
inquiries were generated out of it. Most important thing
was, those who wanted to attend had to register online at
www.whatisremax.com and most people went online and
got themselves registered for the event. That also shows the
importance of using online tools in Real Estate Marketing.
Mr. Sunil Mehta, Broker owner of RE/MAX Ronisun Pune
and Mr. Jay Shah, Broker Owner of RE/MAX METRO, Mumbai
were also were present and participated in question answer
sessions and shared their experiences so far.
MGM NEWSLETTER JUNE 2014
MGM NEWSLETTER JUNE 2014
4
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
RE/MAX MGM did an event on Changing Trends in Real Estate in Ahmedabad
at Hotel Marriot on June 14, 2014.
Event on Changing Trends in Real Estate in Ahmedabad
Event on Changing Trends in Real Estate in Ahmedabad
The event was also held in 3 back to back sessions in a day.
Here also all the sessions recorded full attendance and Mr.
Manan Choksi, Regional Director of RE/MAX MGM gave
presentation on Changing Trends in Real Estate and how RE/
MAX can help in this scenario.
All these three sessions had question answer session too
and some of the Broker Owners and Broker Associates of
Ahmedabad were present and participated in these sessions
and shared their experience, journey and success in RE/MAX.
Mr. Anand Choksi, Mr. Nirav Vakharia and their associates
answered queries of people on various aspects of RE/MAX.
In Ahmedabad also RE/MAX MGM reached out to over
11 lacs people by way of WhatsApp and SMS.
MGM NEWSLETTER JUNE 2014
MGM NEWSLETTER JUNE 2014
5
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
RE/MAX starts its own brand store online for you to buy RE/MAX products.
Visit http://www.companybrandstore.com/REMAX/default.aspx today and shop your
favourite RE/MAX branded pens, key chains, USB charger, RE/MAX Mugs or winter jacket
and list will keep adding!
MGM NEWSLETTER JUNE 2014
MGM NEWSLETTER JUNE 2014
6
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
NEWS FROM RE/MAX INDIA.
RE/MGM congratulates Mohamed Ismail for joining hands
with RE/MAX India as the new Regional Owner of RE/MAX Kerala. On behalf of the entire network, we would
like to wish you all the very best for your journey with RE/MAX!!
RE/MAX MGM congratulates Mr. Manish Patni & Monika Patni for taking over the Regional ownership of
RE/MAX Rajasthan 1! Having learnt and been successful in running the RE/MAX business as Franchise Owners
and Agents, the dynamic husband-wife duo are all set to take the Rajasthan 1 belt by a storm.
MGM NEWSLETTER JUNE 2014
MGM NEWSLETTER JUNE 2014
7
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
RE/MAX Agents Outperform Competitors
Home buyers and sellers want results and RE/MAX agents have proven once again that they deliver. In the
2014 REALTrends“TheThousand,”as advertised in theWall Street Journal, RE/MAX had the most top home
sellers.The survey ranked the top 250 agents and top 250 teams by transaction sides.When the
500 transaction sides rankings for agents and teams are combined, RE/MAX agents hold the most places,
112 (one out of five places).The report ranks participating agents based on their 2013 production.
“Real estate is a very competitive business and RE/MAX stays on top by making good on our commitment
to the highest level of customer service,”said Dave Liniger, RE/MAX Chairman and Co-Founder.“The agents
and teams that made this list are among our best, and we’re proud that they continue to excel.”
“TheThousand’s”250 teams closing the most residential transaction sides include 64 from RE/MAX. Among
the 250 individual agents, 48 are with RE/MAX.
ReadMoreat:http://www.remax.com/c/about/news_article/re-max-agents-outperform-competitors
Report RecognizesTop 250 Latino Agents
RE/MAX adds to its reputation as the most productive real estate network by placing 32 agents among
the country’sTop 250 Latino Agents.The annual report has been produced by the National Association of
Hispanic Real Estate Professionals® (NAHREP) for the last three years and RE/MAX agents have held over
30 spots on the list each year.
“RE/MAX agents who appear on this list are examples of our many dedicated professionals who strive for
the highest level of customer service.To be recognized among the NAHREPTop 250 is an honor, and we
salute the great accomplishments of each of these 32 individuals,”said RE/MAX CEO Margaret Kelly. Read
Moreat: http://www.remax.com/c/about/news_article/report-recognizes-top-250-latino-agents
RE/MAX INTERNATIONAL NEWS:
REAL ESTATE NEWS:
Credit rating firm CRISIL enters in Rajkot Real Estate
Sector and rates a Project
Credit rating firm CRISIL has entered into Rajkot’s real estate
sector and rated one real project in the city with giving
5 stars. CRISIL has rated real estate projects across various
cities in India including Bengaluru, Chennai, Coimbatore,
Hyderabad, Kochi, Kolkata, Mumbai, Pune, Trivandrum, and
Visakhapatnam, Ahmedabad and Baroda.Patria, a residential
real estate project, coming up in city’s prime location known
as‘Govindbhai ni Vadi’near airport, has been rated with
5 stars by CRISIL.
Brahma Management to invest Rs 3,000 crore in Indian
real estate sector
NewYork-based Brahma Management has lined up big investments
for the Indian real estate market. Brahma, an FDI-funded investment
and asset management company, has already invested around Rs 2,500
crore in the sector and has plans to put in another Rs 3,000 crore over
the next two years.
So far, its investments in the realty sector include Gurgaon-based
projects Brahma City and Athena, andTheValley, a joint venture
township project in Panchkula.While Athena is a retail and commercial
office center, Brahma City is a gated township spread over 150 acres
of land. With a big presence in Gurgaon, the fund is now planning to
foray into other markets such as Bangalore and Mumbai.
MahindraLifespacesventuresintoaffordablehousing
segment
MahindraLifespacesDevelopers,therealestatearmoftheMahindra
group,onMondaylauncheditsnewbusinessvertical‘Happinest’that
willfocusondevelopingaffordablehousingprojects.
The first two projects under the new vertical will be
developed at Avadi in Chennai and Boisar in Mumbai and
would be priced between Rs 10-20 lakh.These apartments
would have an area ranging between 400-600 sqft.
HousingPricesCanbereducedupto20%onTransparency,
TimelyApprovals:DeepakParekh,HDFC
Calling for major reforms in housing sector, HDFC chairman
Deepak Parekh has said transparency and timely approvals from
different authorities can reduce home prices by almost 20 per cent.
Mr Parekh also pitched for banks and housing finance
companies being allowed to fund land transactions during
periods when there was“no real estate bubble”.
He laid emphasis on the need to increase the threshold limit for
priority sector housing loans to at least Rs. 40 lakh per unit, from
the current“unrealistic”level of up to Rs. 25 lakh.
“When there is no real estate bubble, as is currently the case,
then banks and housing finance companies should be allowed
to fund land transactions,”he said, as property transactions costs
comprise almost 70-80 per cent of the total cost.
MGM NEWSLETTER JUNE 2014
MGM NEWSLETTER JUNE 2014
8
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
UPCOMING EVENTS:
MGM NEWSLETTER JUNE 2014
MGM NEWSLETTER JUNE 2014
9
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA
RE/MAXMGMTEAMINNASHIKEVENT RE/MAXMGMTEAMINNASHIKEVENT
AcartoonbyGreenbergin2008soapttodayforfewofus!
REAL ESTATE & RETAILERS
NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX
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
Please send us your reviews about this
month’s newsletter. Feel free to give your
suggestions and we will incorporate the
same in coming newsletter.
Send your suggestions to :
ppandya@remax.in
PHOTO GALLERY
RE/MAXAffiliatesansweringqueriesinaneventinAhmedabad. RE/MAXAffiliatesansweringqueriesinaneventinAhmedabad.

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RE/MAX Mumbai Gujarat Maharashtra Newsletter June 2014

  • 1. MGM NEWSLETTER JUNE 2014 1 RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA 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 CONTENT Management Speak New Broker Associates ONLINE TRAINING IN JUNE 2014 Online Training Calendar JULY 2014 Changing Trends in Real Estate EVENTS Positive Investor Sentiment In Real Estate Sector In India RE/MAX starts its own brand store online for you to buy RE/MAX products. REAL ESTATE NEWS Upcoming Events RE/MAX INTERNATIONAL NEWS Photo Gallery REAL ESTATE & RETAILERS MANAGEMENTSPEAK! Dear Affiliates, It’s a start of July and we are still waiting for Rain to arrive which is quite late. A weak monsoon is already sending food prices shooting up and sparking inflation.The price of onions has climbed over 20% in the past weeks. Now that new government is formed, all eyes are set on the Union Budget 2014-15, which will be presented by Finance Minister in the second week of July. People from all industries are waiting keenly for the Union Budget. Having said that the Finance Minister has to address key and pressing concerns faced by the country. The growth rate, which is heading south, and inflation which is heading north, need to be taken care of on an urgent basis. Real estate industry is expecting following things from the budget:  Reduction of taxes and removal of service taxes, which significantly increases the price of a property and burdens the common man.  Reduction of repo rates and in turn, the rate of interest on home loans.  Providing an‘industry’status to the realty sector. Once it acquires that status, then interest rates by the banks to the sector will be different. As a result, it will reduce the interest rates that they charge to the real estate sector.  Provision of a single-window clearance for project approvals.The current process for project approvals is very tedious and there is no transparency in the system. A single-window clearance will help the sector in the long run. Amid all these, RE/MAX MGM marches ahead with its renewed marketing efforts and after successful FRO in Mumbai in May 2014, RE/MAX MGM organized seminars on ChangingTrends in Real Estate in Nashik and Ahmedabad. It was back to back 3 seminars in a day and people wanting to know about Changing trends in real estate attended the same. RE/MAX MGM will participate in FRO in Pune on July 12 and 13th followed by Follow-up events. On more exciting news to share about all of you are that on the auspicious day of rath yatra we did more than 25 transaction which defines our strength in the network and hard work of our affiliates. Overall this month was very happening for RE/MAX MGM. AashilPatel Regional Director RE/MAX Mumbai Gujarat Maharashtra MGM NEWSLETTER RE/MAX Mumbai Gujarat Maharashtra JUNE 2014
  • 2. MGM NEWSLETTER JUNE 2014 MGM NEWSLETTER JUNE 2014 2 RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA RE/MAX Mumbai Gujarat Maharashtra registered 2 new agents in the month of June 2014. RE/MAX MGM congratulates all these Broker Associates for joining RE/MAX and wishes them all the best. ONLINE TRAINING DONE IN JUNE 2014 All online training starts at 11.00 a.m. and contact mgm@remax.in for more details. Ketan l Vora - #1 RE/MAX Innovest, Mumbai http://www.remax.in/Ketan_vora Munish Gupta - #2 RE/MAX Dreamz, North Gujarat http://www.remax.in/AgentProfile.aspx?AgentID=505034005 Rahul Jain - #3 RE/MAX Realty Solutions, North Gujarat http://www.remax.in/rahul_jain ONLINE TRAINING CALENDAR JULY 2014 TOP PERFORMING TRANSACTORS OF RE/MAX INDIA FOR THE MONTH OF MAY ALL OF THE AGENTS ARE FROM RE/MAX MGM AND CONGRATULATIONS TO THEM NAME OFFICE Sunil Mehta RE/MAX Ronisun Realty Stavan Belani RE/MAX Advantage Date Session Name 4th June Marketing using WhatsApp 11th June Commercial Real Estate: Why and How? 18th June Mistakes of Real Estate Agent and Marketing Techniques 25th June Fundamentals in Real Estate - Part 1 : Getting Started Date Session 2nd July Fundamentals in Real Estate - Part 2 : Marketing 9th July Fundamentals in Real Estate - Part 3 : Prospecting Systems 16th July Fundamentals in Real Estate - Part 4 : Working with Sellers 23rd July Fundamentals in Real Estate - Part 5 : Working with Buyers 30th July Fundamentals in Real Estate - Part 6 : Generating Referrals
  • 3. MGM NEWSLETTER JUNE 2014 MGM NEWSLETTER JUNE 2014 3 RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA Event on Changing Trends in Real Estate in Nashik RE/MAX MGM did an event on Changing Trends in Real Estate in Nashik, Maharashtra on June 7, 2014. The event was held at Hotel Sarovar Portico in 3 session back to back in a day. All the sessions recorded full attendance and the attendees patiently heard Manan Choksi, Regional Director of RE/MAX MGM about changing trends in real estate and how RE/MAX comes into picture and plays a vital role in these changing trends. To make people aware about this event RE/MAX MGM had done various marketing efforts. RE/MAX MGM sent out 45000 WhatsApp messages, 60000 SMS, 1 lac external Emailing, 2 newspaper advertisements, 100 emails to own database, voice calls 6000 nos. By doing this RE/MAX MGM reached out to over 2 Lacs people making them aware about RE/MAX in Nashik and surrounding areas. RE/MAX MGM got tremendous response of all these efforts and people turned out more than expected and many inquiries were generated out of it. Most important thing was, those who wanted to attend had to register online at www.whatisremax.com and most people went online and got themselves registered for the event. That also shows the importance of using online tools in Real Estate Marketing. Mr. Sunil Mehta, Broker owner of RE/MAX Ronisun Pune and Mr. Jay Shah, Broker Owner of RE/MAX METRO, Mumbai were also were present and participated in question answer sessions and shared their experiences so far.
  • 4. MGM NEWSLETTER JUNE 2014 MGM NEWSLETTER JUNE 2014 4 RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA RE/MAX MGM did an event on Changing Trends in Real Estate in Ahmedabad at Hotel Marriot on June 14, 2014. Event on Changing Trends in Real Estate in Ahmedabad Event on Changing Trends in Real Estate in Ahmedabad The event was also held in 3 back to back sessions in a day. Here also all the sessions recorded full attendance and Mr. Manan Choksi, Regional Director of RE/MAX MGM gave presentation on Changing Trends in Real Estate and how RE/ MAX can help in this scenario. All these three sessions had question answer session too and some of the Broker Owners and Broker Associates of Ahmedabad were present and participated in these sessions and shared their experience, journey and success in RE/MAX. Mr. Anand Choksi, Mr. Nirav Vakharia and their associates answered queries of people on various aspects of RE/MAX. In Ahmedabad also RE/MAX MGM reached out to over 11 lacs people by way of WhatsApp and SMS.
  • 5. MGM NEWSLETTER JUNE 2014 MGM NEWSLETTER JUNE 2014 5 RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA RE/MAX starts its own brand store online for you to buy RE/MAX products. Visit http://www.companybrandstore.com/REMAX/default.aspx today and shop your favourite RE/MAX branded pens, key chains, USB charger, RE/MAX Mugs or winter jacket and list will keep adding!
  • 6. MGM NEWSLETTER JUNE 2014 MGM NEWSLETTER JUNE 2014 6 RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA NEWS FROM RE/MAX INDIA. RE/MGM congratulates Mohamed Ismail for joining hands with RE/MAX India as the new Regional Owner of RE/MAX Kerala. On behalf of the entire network, we would like to wish you all the very best for your journey with RE/MAX!! RE/MAX MGM congratulates Mr. Manish Patni & Monika Patni for taking over the Regional ownership of RE/MAX Rajasthan 1! Having learnt and been successful in running the RE/MAX business as Franchise Owners and Agents, the dynamic husband-wife duo are all set to take the Rajasthan 1 belt by a storm.
  • 7. MGM NEWSLETTER JUNE 2014 MGM NEWSLETTER JUNE 2014 7 RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA RE/MAX Agents Outperform Competitors Home buyers and sellers want results and RE/MAX agents have proven once again that they deliver. In the 2014 REALTrends“TheThousand,”as advertised in theWall Street Journal, RE/MAX had the most top home sellers.The survey ranked the top 250 agents and top 250 teams by transaction sides.When the 500 transaction sides rankings for agents and teams are combined, RE/MAX agents hold the most places, 112 (one out of five places).The report ranks participating agents based on their 2013 production. “Real estate is a very competitive business and RE/MAX stays on top by making good on our commitment to the highest level of customer service,”said Dave Liniger, RE/MAX Chairman and Co-Founder.“The agents and teams that made this list are among our best, and we’re proud that they continue to excel.” “TheThousand’s”250 teams closing the most residential transaction sides include 64 from RE/MAX. Among the 250 individual agents, 48 are with RE/MAX. ReadMoreat:http://www.remax.com/c/about/news_article/re-max-agents-outperform-competitors Report RecognizesTop 250 Latino Agents RE/MAX adds to its reputation as the most productive real estate network by placing 32 agents among the country’sTop 250 Latino Agents.The annual report has been produced by the National Association of Hispanic Real Estate Professionals® (NAHREP) for the last three years and RE/MAX agents have held over 30 spots on the list each year. “RE/MAX agents who appear on this list are examples of our many dedicated professionals who strive for the highest level of customer service.To be recognized among the NAHREPTop 250 is an honor, and we salute the great accomplishments of each of these 32 individuals,”said RE/MAX CEO Margaret Kelly. Read Moreat: http://www.remax.com/c/about/news_article/report-recognizes-top-250-latino-agents RE/MAX INTERNATIONAL NEWS: REAL ESTATE NEWS: Credit rating firm CRISIL enters in Rajkot Real Estate Sector and rates a Project Credit rating firm CRISIL has entered into Rajkot’s real estate sector and rated one real project in the city with giving 5 stars. CRISIL has rated real estate projects across various cities in India including Bengaluru, Chennai, Coimbatore, Hyderabad, Kochi, Kolkata, Mumbai, Pune, Trivandrum, and Visakhapatnam, Ahmedabad and Baroda.Patria, a residential real estate project, coming up in city’s prime location known as‘Govindbhai ni Vadi’near airport, has been rated with 5 stars by CRISIL. Brahma Management to invest Rs 3,000 crore in Indian real estate sector NewYork-based Brahma Management has lined up big investments for the Indian real estate market. Brahma, an FDI-funded investment and asset management company, has already invested around Rs 2,500 crore in the sector and has plans to put in another Rs 3,000 crore over the next two years. So far, its investments in the realty sector include Gurgaon-based projects Brahma City and Athena, andTheValley, a joint venture township project in Panchkula.While Athena is a retail and commercial office center, Brahma City is a gated township spread over 150 acres of land. With a big presence in Gurgaon, the fund is now planning to foray into other markets such as Bangalore and Mumbai. MahindraLifespacesventuresintoaffordablehousing segment MahindraLifespacesDevelopers,therealestatearmoftheMahindra group,onMondaylauncheditsnewbusinessvertical‘Happinest’that willfocusondevelopingaffordablehousingprojects. The first two projects under the new vertical will be developed at Avadi in Chennai and Boisar in Mumbai and would be priced between Rs 10-20 lakh.These apartments would have an area ranging between 400-600 sqft. HousingPricesCanbereducedupto20%onTransparency, TimelyApprovals:DeepakParekh,HDFC Calling for major reforms in housing sector, HDFC chairman Deepak Parekh has said transparency and timely approvals from different authorities can reduce home prices by almost 20 per cent. Mr Parekh also pitched for banks and housing finance companies being allowed to fund land transactions during periods when there was“no real estate bubble”. He laid emphasis on the need to increase the threshold limit for priority sector housing loans to at least Rs. 40 lakh per unit, from the current“unrealistic”level of up to Rs. 25 lakh. “When there is no real estate bubble, as is currently the case, then banks and housing finance companies should be allowed to fund land transactions,”he said, as property transactions costs comprise almost 70-80 per cent of the total cost.
  • 8. MGM NEWSLETTER JUNE 2014 MGM NEWSLETTER JUNE 2014 8 RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA UPCOMING EVENTS:
  • 9. MGM NEWSLETTER JUNE 2014 MGM NEWSLETTER JUNE 2014 9 RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA RE/MAX MUMBAI –GUJARAT – MAHARASHTRAA RE/MAXMGMTEAMINNASHIKEVENT RE/MAXMGMTEAMINNASHIKEVENT AcartoonbyGreenbergin2008soapttodayforfewofus! REAL ESTATE & RETAILERS NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX 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 Please send us your reviews about this month’s newsletter. Feel free to give your suggestions and we will incorporate the same in coming newsletter. Send your suggestions to : ppandya@remax.in PHOTO GALLERY RE/MAXAffiliatesansweringqueriesinaneventinAhmedabad. RE/MAXAffiliatesansweringqueriesinaneventinAhmedabad.