.

The month of May was quite exciting and was started with a lot of positivity that I brought back from Kerala where Saloni and I went to the attend the 37th Governing body meeting of NAR India and the conference organized by Kerala Realtors Association (KRA).Its enthralling to be surrounded by group of veterans from the same industry talking about the ways and means to uplift the standards and bringing about professionalism in the real estate industry thus matching and contributing to the vision with which I brought RE/MAX into India. I was also invited by TiE Delhi NCR in a summit to be a part of the panel to share my view point and to discuss about how to identify a profitable location, what do developers want and opportunities of collaboration between developers and food entrepreneurs. It was quite interesting to be a part of the panel which had stalwarts from not only real estate but also from hospitality and F&B industries. Having attended the above 2 events my belief in a common notion that “May the best man win” has doubled. The difficult times that the real estate industry is undergoing will lead to the emergence of the new Age Broker and we will see property brokerage being recognized by the concerned authorities and public at large. Honesty, integrity, professionalism, collaboration are becoming the need of the hour.

From where I look at it, a Broker needs a peer group to speak to, colleagues to compete and benchmark with, reduction in staff, reduction in working capital, needs a Shared Office without Loss of Dignity, needs to show amongst all his peer group comprising of millions of mushroomed brokers that he will be THE LAST MAN STANDING and attending to his Customer needs while others are struggling. Today’s customer requires Brand Confidence, Professionalism, Transparency, Technology and the Broker who has all of this, definitely has an edge over the others AND this is why RE/MAX Affiliates are Above the Crowd! The only way a broker can survive is by collaborating & joining hands with a network. It is times like these where a company like RE/MAX offers solutions to most of the issues that the Brokers of the industry is facing today. COLLABORATE TO SUCCEED is the mantra to succeed in these times!

Cheers! Sam Chopra

Content: __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

1) From the Chairman’s Desk 2) From the Vice Chairman’s Desk 3) Events to Look Forward to

4) Sales Snapshot 5) News from RE/MAX India 6) News from the Regions

7) News from the Broker Offices 8) News from RE/MAX LLC 9) News from RARE

10) Press Buzz 11) RE/MAX Anniversaries/New Joinees 12) Heroes of the month

13) Realty Bytes

From the Vice Chairman’s desk

Our Regions and RE/MAX India had a power packed month in May. The month of May saw the regional teams of RE/MAX Greater Visakha and RE/MAX Southern Karnataka along with RE/MAX Bengaluru participating in the Franchise Shows in their respective regions, I would like to wish them all the best for making closures from the show. Also, the RE/MAX Mumbai team participated in a Franchise & Retail Opportunity show in Mumbai and met the existing broker offices. I highly appreciate the efforts put in by the Regional Director of RE/MAX Punjab, Harinder Nagpal for participating in a real estate event and connecting with the fellow RE/MAX Offices during his visit to the USA. Last but not the least, I am happy to see the efforts put in by the broker office in Bhopal, RE/MAX Realty Services in conducting special sales training session for its Broker Associates and BA prospects. We at RE/MAX India are mighty proud of our regions and broker offices who are constantly striving to professionalize the real estate industry in their areas by making the right noises in the form of activities and getting more people to join RE/MAX. I am glad that our Real Estate Academy, RARE covered the learning’s from Everybody Wins book in four weekly webinars. We hope all of you attended these sessions and had a few takeaways from the sessions, which you could start using in your day-to-day operations.

I would like to make a special mention of RE/MAX Kunvarji office in Ahmadabad for topping the charts in Agent recruitment and I would also like to re-welcome Birav, Bhoomika & Parvez back in the system by joining RE/MAX Kunvarji office Gujarat and would like to wish them all the very best for their 2nd inning with RE/MAX. I accompanied Sam during his visit to Kerala to attend the 37th Governing body meeting of NAR India and the conference, Pragathi - South India Realtors Conference organized by the Kerala Realtors Association (KRA). I was elated to see the enthusiasm and the positivity of the Realtors I met and that made me believe that the good times in Indian Real Estate sector is not a distant dream now. This month’s newsletter captures RE/MAX snippets from the National Headquarters, our regions and RE/MAX LLC, we hope you find it an interesting read and it helps you gain information on what all is happening in our network which has been acclaimed as the “Fastest growing Real Estate Franchise network” in the country. Regards, Saloni Chopra

Events to look forward to in June!

RE/MAX Mumbai team participates in the Franchise show in Mumbai In the month of May, RE/MAX Mumbai team participated in the Franchise & Retail Opportunity Show in Mumbai to meet

like-minded prospects looking to expand their real estate business with RE/MAX. Meeting good number of prospects

through the show, the team is confident that it well see some good number of affiliates join the system in the coming

months.

RE/MAX Bengaluru & Southern Karnataka teams participates in the Business Opportunity Show in

Bengaluru The regional teams of RE/MAX Bengaluru & RE/MAX Southern Karnataka jointly participated in the Business Opportunity

Show in Bengaluru where the teams met and exchanged views with the budding and experienced entrepreneurs from Bengaluru and nearby areas to discuss about the opportunities in Real Estate sector.

RE/MAX Greater Visakha team participates in the Business Opportunity Show in Vishakhapatnam The vibrant regional team of RE/MAX Greater Visakha participated in the Business Opportunity Show organized by

Franchise India in Vishakhapatnam. The Regional Owner, Mr. K B R Praveen shared that the show was a grand success and they are confident that they will be able to further expand the network of RE/MAX in their area. In his words “Don’t limit yourself. Many people limit themselves to what they think they can do. You can go as far as your mind lets you. What you

believe, remember, you can achieve.”

And they did not stop…believing in the power of diligent follow up, the team along with their regional owner organized one to one meetings in their office. RE/MAX India would like to wish the region all the very best !

The think tanks of NAR India gathered in Kochi, Kerala for the 37th Governing body meeting and Pragathi, South India Realtors Conference organized by the Kerala Realtors Association (KRA). The meeting was a grand success wherein the group not only brainstormed about how to strengthen the Real Estate industry in India but was able

to take some time out for social networking as well.

Sam Chopra, Founder and Chairman, RE/MAX India attended the “Real Estate, Chefs & Technology – Real Ingredients for a Successful Business” Food Summit organized by TiE, Delhi NCR and shared his view points on

“Location! That’s all it matters” in a panel with other stalwarts from Real Estate, Hospitality and Food & Beverages industries.

RE/MAX Punjab Networking is not about collecting contacts! Networking is about planting relations!

The Regional Director of RE/MAX Punjab, Mr. Harinder Nagpal made sure that he visited the fellow RE/MAX offices during his trip to Miami. He met the Broker Owner, Matilde and Broker Associate, Maruja Gill of RE/MAX United Realty, Miami.

He also attended a Real Estate Event while he was in Los Angeles. RE/MAX India would like to acknowledge the efforts put in by Harinder for connecting with people not only in India but also where ever he travels.

RE/MAX Gujarat

Coming together is beginning, keeping together is progress and working together is success.

Someone has rightly said that “You can be out of the RE/MAX system for a while but RE/MAX can never be out of your

system” and testimony to this statement is the joining back of our 3 Broker Associates Birav Shah, Bhoomika Kiri and

Parvej Kadri in RE/MAX Kunvarji Broker Office in Gujarat region.

RE/MAX India would like to re-welcome and congratulate Birav, Bhoomika and Parvej for joining back the system and wish

them all the very best for their 2nd inning with RE/MAX .

RE/MAX Realty Services, Bhopal

The broker office organized a special sales training session for their Broker associates and also

invited prospects to be a party to it.

News from RE/MAX LLC 17 Quarters of Continued Agent Growth. And That’s Not ALL!

When you build something truly great, others want to be a part of it. It’s why RE/MAX has experienced 17 consecutive

quarters of agent growth and now has more offices and a presence in more countries than any other real estate brand.

News from RE/MAX Academy of Real Estate In the month of May, RE/MAX Academy of Real Estate organized a Webinar Series on the book EVERYBODY WINS and the

Learning’s from it. The book EVERYBODY WINS is considered as the bible of RE/MAX and unfolds the incredible saga of how two real estate agents – Dave & Gail, now husband and wife duo, laid the foundation of a company that has

revolutionized the way real estate is conducted across the length and the breadth of the globe from a small office in Denver in 1973.

We saw a lot of participation from various regions and we hope that everyone was able to gain insight from the real life stories shared in the book that teaches us a lot about RE/MAX and its glorious history.

RE/MAX Academy of Real Estate ( RARE) in the month of June is conducting a special webinar series on "Unveiling Best Practices" by RE/MAX Affiliates. Don't miss the Webinars!

You may please contact Shipra Sharma, National Manager-Training & Network Development for details about the various

training programs being conducted by RARE. She may be reached at ssharma@remax.in or on +91-7042698807.

RE/MAX India Executive Director, Mr. Sahil Kapoor on NDTV’s Realty Debate on

“Innovative Marketing by developers” with the stalwarts from the industry.

Top row (left to Right) Mr. Sahil Kapoor, Executive Director, RE/MAX India; Ms. Manisha Natrajaan (NDTV Journalist); Mr.

Ankur Gupta, Joint Managing Director, Ashiana Housing.

Bottom row (left to Right) Mr. Harish Bijoor, Brand-expert & Founder, Harish Bijoor Consults Inc; Mr. Manish Gupta,

Marketing Head, Hiranandani Group; Mr. Samir Jasuja, Founder PropEquity.

LINK: https://www.youtube.com/watch?v=zwgpOxU3c5g

Expert quote by Sam Chopra, on Real Estate Bill Publication: Mail Today

Expert Quote of Sam on Studio Apartments Publication: Times of India

Expert Quote of Sam on Luxury properties being leased by developers

Publication: Mint

Brief Note by Sam Chopra on Real Estate Bill Publication: Realty Plus

Author Article by Sam Chopra on Real State of Real Estate Bill

Publication: ET Realty LINK:http://realty.economictimes.indiatimes.com/realtycheck/real-state-of-real-estate-regulatory-act/1508

Expert Quote by Sam Chopra on Affordable Housing

Publication: FirstPost

LINK: http://www.firstpost.com/business/housing-prices-affordable-homes-real-estate-hdfc-home-loans-emis-2774548.html

RE/MAX Anniversaries, Broker Offices (May) Name of the Region Broker Office Name Broker Owner's Name Number of Years

RE/MAX Delhi NCR RE/MAX Solution Specialists Yuvraj Singh Shekhawat 4

RE/MAX Gujarat RE/MAX Red Realtor Bhavesh Vora 1

RE/MAX Anniversaries, Broker Associates (May) Name of the Region Broker Office Name Broker Associate Name

RE/MAX Gujarat RE/MAX Corporate Services Kartik Yogesh Sharma

RE/MAX Gujarat RE/MAX Dreamz Yagnik Harshadbhai Patel

RE/MAX Gujarat RE/MAX Metro Rajesh Mehta

RE/MAX Gujarat RE/MAX Realty Solutions Nirav Vakharia

RE/MAX Gujarat RE/MAX Red Realtor Bhavesh Vora

RE/MAX West Bengal RE/MAX Realty Solutions Praveen Singhania

RE/MAX India Welcomes its New Broker Office (May) Name of the Region Broker Office Name Broker Owner Name

RE/MAX CMP RE/MAX Tricity Realty Solutions Satinder Jit Singh

RE/MAX India Welcomes its New Broker Associates (May) Name of the Region Broker Office Name Broker Associate Name

RE/MAX North Gujarat RE/MAX Kunvarji Akshay Prajapati

RE/MAX North Gujarat RE/MAX Kunvarji Ashwin Makwana

RE/MAX North Gujarat RE/MAX Kunvarji Bhoomika Kiri

RE/MAX North Gujarat RE/MAX Kunvarji Kruti Shah

RE/MAX North Gujarat RE/MAX Kunvarji Yagnesh Makwana

RE/MAX North Gujarat RE/MAX Kunvarji Birav Shah

RE/MAX North Gujarat RE/MAX Kunvarji Parvez Kadri

RE/MAX Telangana RE/MAX Prestige Vamshi Krishna Peddiraju

RE/MAX West Hyderabad RE/MAX Realty Services Syed Khader Jeelani

RE/MAX Punjab A RE/MAX REALTY SERVICES PLUS Raghav Malhotra

RE/MAX MP 1/ Delhi RE/MAX Realty Services Dhanraj Batra

#1 Jay Deliwala

RE/MAX Kunvarji RE/MAX Gujarat

Top Recruiter for the month of May

Heroes of the month

Realty Bytes

How builders are adopting out-of-the-box strategies to bring projects back to life Consumer activism, court interventions and stalled projects, some builders are adopting out-of the-box strategies to find

ways to bring projects back to life. In Noida, builder Amrapali is tying up with third-party contractors to complete part-

built towers in many of its projects where work had been stalled due to a cash crunch and litigation. In this deal, a

contractor would take up 4-5 towers in a group and put upfront money of his own to revive the work and take it to a stage

where construction-linked customer payments can be sought.

"We have signed up 10 contractors for finishing around 50 towers in Noida and these contractors have already increased

labour strength on sites to around 5,000," says Shiv Priya, executive director at Amrapali. "Once the project ends, they will

get a share of our profits apart from their regular fees," he says. What this would do is improve liquidity by restarting the

cycle of payments from home buyers.

According to data from property research firm Liases Foras, a third of more than 25 lakh apartments launched between

2008 and 2014 were delayed by at least a year. While some builders want to find in-house solutions, others have decided

to get out of the project altogether. In Bengaluru, for instance, Essar Group's real estate arm Equinox recently sold an 8-

acre under-construction project in Hebbal called Water's Edge to local developer SNN Builders for Rs 490 crore. This also

included all customer liabilities. SNN has now taken over the responsibility of finishing and delivering the project with a

revised timeline. Nitin Agarwal, director at SNN, says the company will now focus on making sure that customers who had

bought apartments in the project get their homes within a reasonable time. "We will also relaunch the project at an

attractive price to sell to newer buyers," he says. Anuj Puri, country head at property consultancy JLL India, says builders

are hiving off projects that they are unable to complete. "The real estate market is in a constant state of flux, and a

project that appeared feasible earlier may no longer have the same business logic at a later point.

The reasons can range from financial capability to revised business strategy, but there are usually other players who can

make a go of it," he explains. Last week, Mumbai-based Kanakia Group acquired a 2.5-acre land parcel in the Kanjurmarg

suburb of Mumbai from Windsor Realty as the latter was unable to take construction forward. "It's a good opportunity for

us to take the project ahead from here........

SOURCE: http://realty.economictimes.indiatimes.com/news/residential/how-builders-are-adopting-out-of-the-box-strategies-to-bring-projects-back-to-life/52682002

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