REPORT ON RELOCARE

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    A

    PROJECT REPORT

    ON

    WHAT VALUE ADDITION CAN BE DONE BYREAL ESTATE CONSULTANTS

    AT

    RELOCARE, PUNE

    CARRIED OUT BY

    In partial fulfillment of therequirement of

    Post Graduate CorporateProgram (2008-2010) of Suryadatta

    College

    By

    SAWARAM SUTHAR

    PGCP- MODULE - III

    Marketing and Supply chainmanagement

    Roll No-76

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    Suryadatta Institute ofManagement(SIVAS), Pune

    (2008-2010)

    DECLARATION

    I hereby declare that this projects report entitled sales trainingdocument is the outcome of my sincere efforts. This report issubmitted by me in the partial fulfillment of post graduatecorporate program (business studies). This report contains nopreviously written and published data and has not beensubmitted to any other purpose to any educational institute.

    Date- 23/12/2009

    Place-Pune

    Signature

    Sawaram Suthar

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    ACKNOWLEDGEMENT

    I take this opportunity to express my sincere thank tothe management ofReliquus Venture (Relocare)Pune, for providing me the opportunity to carry out theproject in their organization.

    I would like to extend my appreciation towardsSuryadatta Education Foundation for giving me theopportunity about project. I am obliged to Dr.Sanjay.B.Chordiya Chairman and founder of theinstitute for spending valuable time and co-operatingwith us for successful completion of our project. I takethe opportunity to take the practical knowledge of the

    theoretical aspect through this project.

    I express my gratitude to Mr. Abhay Kumarwho in spite of his pressing duties and responsibilitieshas shown genuine interest in providing necessaryguidance regarding concept of the project and renderedsupport at all stage of the study.

    I also thanks to my professor Ms.PoojaHalkude who is our inspiration to work and learn.

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    Last but not the least I would like to thank myteam members, team leader Anil Kumar and someseniors who encouraged me and cooperated incompletion of my project.

    SAWARAM SUTHAR

    INDEX

    S.NO CHAPTER PAGE NO.

    1 Objective of the project 62 Introduction to Study. 63 Introduction to Topic. 74 Reason for Selecting the Topic. 85 Significance of the Company. 96 What I Learnt From The Study? 97 Company profile 118 Scope of products and services 129 Market Research 20

    10 Research Objective 2111 Research Methodology 2412 Developing research plan 2513 Data Collection 2614 Data analysis ,Graphical

    presentation and survey analysis29

    15 Finding and conclusion 4116 Suggestions 4117 Limitations 4318 Annexure 45

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    (i) Questionnaire(ii) Bibliography

    CHAPTER- I

    INTRODUCTION

    Objective of the project. Introduction to Study. Introduction to Topic. Reason for Selecting the Topic. What I Learnt From The Study? Significance of the Company.

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    OBJECTIVE OF PROJECT

    The objectives of doing project are as below.

    1. What value added service can be provided by the real estateconsultants in Pune?

    2. What will be the future of real estate consultants?3. Real estate development in Pune.4. To create awareness within the customer for company service and

    brand of the company.

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    INTRODUCTION TO STUDY

    Marketing deals with identifying and meeting human and social needs.Marketing is more than mere a physical process or a set of activities .Itrepresent a philosophy of business .Finance, operations, accounting , andothers functions will not really matter if there is not sufficient demand forproducts and services so the company can make a profit. The purpose of a

    business is to create a customer. Marketing is the function of businessconcerned with creating of customer .This means that marketing is theessence of all business .Creation of customer means the identification ofcustomer needs and organizing the business to fulfill these needs. Asmarketing manager make major and important decisions such as whatfeathers to design into a new product , what prices to offer customer ,where to sell products , how much to spend on advertising and sales.

    The ultimate aim of every organization is to sell their productor provide service to customers and make profit. A successful product orthe service means nothing unless the benefit of such a service can be

    communicated clearly to the target market. Today world is full ofcompetitions and manufacturing the product is not enough, the sameproduct needs to be communicated or the consumer should be made toknow about the availability of the product .Also it become essentiallyimportant to propagate the additional feature of the product and somevalue addition services. It includes various entities like goods, service,experience, events, persons, places, properties, organizations,information, and ideas.

    I was study there in market research where collect data from

    agent and get response regarding value addition to customer by agentsand also marketing as promotion, advertisement, selling properties.

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    The main objective of the project was to promote the offer to thecustomer and to study the effectiveness of buying and selling propertiesand develop the concern and

    Introduction to the topic

    At Relocare I was assigned with the topic is as Sales trainingdocumentation and promotion of the real estate market services.In this current scenario Indian marketing sector is growing firstly whencompare to the other sector. Marketing is one of the daunting tasks andmore physical process. Human efforts and management constitute theprimary concept in marketing. The cost of this is very high and needmanpower also. Advertisement and Sales promotion is the big concept.From Companys view the topic has great importance.

    For this types of company this topics issupposed to be the heart. While promoting the product I was using thepersonal selling tools to promote Websites selling to the customers. I had

    a good chance to interact with the customer directly. So I chose this topic.As a marketing student I have to learn basic and background of theconcept thoroughly.

    I was as management trainee working there for two month andcomplete projects.

    Sales promotion is another important component of the marketCommunication mix. It is essentially a direct and immediate inducement.It adds extra value to the product and hence prompts the dealer/consumer to buy a product. In specific sense , sales promotion includes

    those sales activities that supplements both personal selling andadvertising and coordinate them and make them effective , such as

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    display , shows, demonstration and other non recurrent selling efforts notin the ordinary routine.

    Tolls & Technique Of Sales Promotion:

    Demonstration. Trade Fare. Exhibition. Coupons, Premium. Joint Promotion. Contests. Merchandising /Display.

    REASON OF SELECTION OF THIS TOPIC

    Property that cannot easily be moved, usually buildings and theground they are built on property consisting of houses and land isknown as real estate

    Due to certain growth and development in Pune real estatemarket ,the Government of India has decided to sanction 100%Foreign Direct Investment (FDI) in the construction and developmentsector

    The importance of the Real Estate sector, as an engine of thenations growth, can be gauged from the fact that it is the second

    largest employer next only to agriculture and its size is close to US $12 billion and Grows at about 30% per annum. Five per cent of theCountrys GDP is contributed by the housing sector. In The nextthree or four or five years this contribution to he GDP is expected torise to 6%.

    The Real Estate Industry has significant linkages with several othersectors of the economy and over 250 associated industries. OneRupee invested in this sector results in 78 paisa being added to theGDP of the State.

    A unit increase in expenditure in this sector has a multiplier effectand the capacity to generate income as high as five times. If the

    economy grows at the rate of 10% the housing sector has the

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    capacity to grow at 14% and generate 3.2 million new jobs over adecade.

    SIGNIFICANCE OF THE COMPANY

    Drastically reduce their property search time/effort and worries.

    To build image of the company through promotional activities.

    They can get all data of that particular area and can make brand image ofcompany.

    To get awareness of the company in that areas and start dealing. Get Punes best properties of reputed builders and owners

    Practically understand the locality of each property, return oninvestment potential and meet the onsite managers/owner for allother details.

    Get help in property price negotiation from builder/owner

    Get exhaustive loan advice and end to end coordination.

    Get well researched updated property information/consulting ofvarious other projects.

    Post tour free door step follow up and support services for all

    interested customers till buying.

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    Regular and free update to all our customers on the developmentsof their projects till possession.

    Get integrated post possession services like getting property rented,relocation services, and property management services.

    WHAT I LEARNT FROM THE STUDY?

    Value added service provided by agent like end to end process, toshow property, send greeting card after close deal, negotiation andprovide little maintenance.

    Use of internet (like blogs, twitter etc.) in real estate sector

    About Pune real estate scenario

    Functioning of marketing Practical knowledge of the market and real estate market.

    Customer handling process.

    Identification of customers or customer engagement

    Documentation and data requirement of the buying or sellingproperties.

    Property acquisition.

    Learnt about home loan.

    CHAPTER- II

    ORGANISATION PROFILE

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    Company profile Scope of products and services Head office and branches Financial data Quality policy and objective

    Milestone in history Organizational chart

    COMPANY PROFILE

    Relocare Services is rapidly growing player in the person process

    outsourcing industry. Started as a CorporateRelocation management company, Relocare has added couple of morespecialized services and has delivered the same quality of services in all ofits new initiative. Following is a snapshot of its divisions and serviceportfolio

    Relocare Relocation Management Services:Relocation management is flagship services division where we helphundreds of employees of our corporate clients in hassle free relocation inPune. Our service includes providing rental property, coordinating packing

    requirements, disseminating school information, giving essentialconnection information and giving very effective local information (Pune

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    Life Booklet is a part of it). We have been working with top IT,Manufacturing clients across all locations of Pune

    Relocare Home Solutions:Relocare home solutions give high quality consulting and active help in

    real estate buying/selling domain. Our solutions comprises of end to endservices which includes property search, consulting, property visit, legalhelp, negotiation, bulk booking, post possession property managementsolutions. Within few months of its launch we have been very successful inserving customer and currently we are working with top builders of Pune.

    Bio-jobs- This is the recruitment Division for the pharmaceuticalcompanies.

    About Pune Life BookletAn innovative product, which caters very precisely to the informationalrequirement of our customers. Pune life is multiutility booklet which givesinformation about regular services, vendors, emergency numbers andlocation specific information which our customers need every time. Weprint 30000 booklets every quarter (a new version every quarter).

    SCOPE OF PRODUCTS AND SERVICES

    Home Buying Solution

    Drastically reduce your property search time/effort andworries.

    Get Punes best properties of reputed builders and owners.

    Understand the locality of each property, return oninvestment potential and meet the onsite managers/ownerfor all other details

    Get help in property price negotiation form builder/owner Get exhaustive loan advice and end to end coordination.

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    Get well researched updated property

    information/consulting of various other project

    Free door step follow up and support services for all

    interested customers till buying

    Regular and free update to all our customers on the

    developments of their projects

    Get integrated post possession services like getting

    property rented, relocation services, and

    property management services

    Home Selling Solutions

    Get proper valuation of property done by our consultants

    Advertising and marketing (paper/Internet / Internalnetwork) of your property on our cost

    Coordination of buyer visits and help in price negotiations

    Travel Services

    We deliver complete travel services to cater to overall travel needs of

    customers. A dynamic portfolio of service delivery, we extend our service

    in formats which can cater to corporate travel need as well employee

    personal travel needs. Our retail formats are also efficiently geared up to

    deliver services to large customer base. Our service includes traditional

    ticketing and booking services (Air, Rail, Bus, Cab, and Hotel), Extended

    Travel Services (Holiday, Weekend Getaways, Adventure Travel, OutBound Leanings Programs, Leisure Tours) and Travel related services

    (Forex, Travel Insurance).

    Pune Life Booklet

    An innovative product, which caters very precisely to the informationalrequirement of our customers, Pune life is multi utility booklet which givesinformation about regular services, vendors, emergency numbers andlocation specific information which our customers need every time. Weprint 30000 booklets every quarter (a new version every quarter).

    Travel Train tickets

    Bus tickets

    Air tickets

    Car- rental

    Relocation

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    Relocation Getting quotes

    Moving goods

    Insurance

    Legal Assistance RTO

    Income tax

    Corporation work

    PAN card

    Passport

    Ration card

    Real Estate

    Buying solutions Selling solutions

    Rental solutions

    Local information

    Group booking

    Legal assistance

    Home loans

    Deals Real estate deals

    Discount coupons Prizes

    Contests

    Sole selling

    HEAD OFFICE AND BRANCHES

    Head office address:Relocare

    Reliquus Venture,

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    Dayarnava, Ground floor, 45 Avanti Society, Padmavati, Pune,Maharashtra, India 411009Contact no. 020-24228138/ 9850978846www.relocare.in

    Branches:

    KharadiSpringfield society, shop no. 1Nagar- Magarpatta by pass road, opp. RELIANCE MARTPune-411014

    Contact no. 9011053251/53.

    Waked:Alpine building near Jagtap dairy,Opp. Khyber hotelWaked. Pune

    Financial data

    Generating of Revenue worth Rs.

    24 Lacs in 2008-09.

    http://www.relocare.in/http://www.relocare.in/
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    Penetration of Eastern &Southern Pune.

    Successfully managing sole-selling

    of a project worth over Rs. 15Crore.

    Associated with all the renownedbuilders of Pune.

    Branding and positioning inconsumers mind.

    QUALITY POLICY AND OBJECTIVE

    Our values Value addition

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    Ethics

    Customer focus

    Innovation

    Create respect

    Quality policies are as:

    For work Adhere to time lines

    In doubt ask your manager

    No favors form client/vendor

    Follow code of conduct

    Office timing for office work In team everyone is equal

    Customer first

    For team interaction: Respect others

    Share knowledge

    Solve problem internally

    Further problem talk to boss

    Team first

    For reporting Always keep your manager informed

    Be on time

    48 Hr deadline( means must be reporting within 48 hours)

    Be first(always keep reporting in first)

    For Data/Report: On time Properly formatted

    Share concern person only

    Use mail

    Keep back up/copy first

    For handling customers Continues communication

    Be on time

    Give company data to customer Follow up

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    Customer first

    Unable to serve, let them know

    Pass your visiting card

    Get data in given customer requirement form

    Data maintain in excel/CRM.

    For office decorum: Focus on work

    Silence

    Proper use of resources

    Dressing

    Participation

    Cleanlineness first

    Milestone in the history

    Revenue target Rs. 50 lacs

    Employee strength will be 20 + by year end

    Expansion to more cities like Hyderabad, Noida, Banglore.etc.

    Application of IT infrastructure in term of processes

    Leading outsourcing (people process) organization in India.

    ORGANISATION CHARTS

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    Mr. Abhay Kumar(Director)

    Mr. Surojit Nandi(Chief executive officer)

    Mr. Sanjay Poojari

    (Head Pune)

    Area Areamanager

    Salesexecutive

    East Ankit sachdeva AmarNorth Stephan Wilson Ravindra

    Snuil

    West Vikrant andsuchil

    Sagar moreAtul bhandari

    South Anil kumar -North west Sangram -

    CHAPTER- III

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    RESEARCH OBJECTIVE

    Market Research Research objective Time scope

    Geographical scope

    Market Research

    The marketing research process involves a number of inter-relatedactivities. In this process various inter-woven into each other and eachstep will have some influence over the following steps.

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    In marketing research, even though our focus is on a particular step, otherinter related step are also being look into simultaneously. As one activityis completed, our focus automatically naturally shifts from one to another.Marketing research is the systematic design, collection, analysis and

    reporting of data and finding relevant to a specific marketing situationfacing the company.Research Methodology means the method carried out to study theproblem. Its shows the type of research design, sources used to acquiredata, procedures used to draw sample, sample size, research workers andused for handling challenges during the course of study.

    The following are the steps:

    Formulating the research problem Choice of research design Determining the source of data Designing the data collection form Determining sampling design and sampling size Conducting the field survey Analyzing the collected data Preparing the research report

    Research objective

    Under the guidance of Mr. Anil Kumar (Area Manager, Relocare Pune ), Istarted my project work. The topic assign to me was value addition

    provided by real estate consultants so under his guidance I startedmy project work from 9th May 2008 up to 5th July 2009 in Pune.

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    The term Research Objective means to discover answers to questions

    through the application of scientific procedures. The main aim of research

    is to find out the truth which is hidden and which has not been discovered

    as yet, though each research study has its own specific purposes.Besides finding a winner in each category, the Research was

    conducted with taking care of following perspectives in mind:

    1. To arrive at a list of the most preferred projects as perceived by

    investors, including each of the product line and service.

    2. Identifying the chief service within each category that influences

    investors most.

    3. Identify the drivers that influence the selection for particular

    projects in each category.

    4. Determined the performance of the Company as well as Competitors

    on the selected drivers.

    5. To portray accurately the characteristics of a particular individual,

    situation or group.

    6. To assess the risk taking ability among different age group people.

    7. To determine the frequency with which something invests.

    8. To test a hypothesis of a casual relationship between variables.

    Time Scope

    I started my study from 9th May 2009 to 5th July 2009. Thus the time periodfor my project work was only hardly two month, and the informationcollected is from the study during these two months.

    Geographical Scope

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    Because of the time limitation of two months and transportation barrier, Iwas asked by Area manager to limit the survey up To east Pune (Kharadi,Magarpatta, Hadapsar T kawade road, wonwarie, and Fatima nagar.

    Magarpatta,

    Hadapsar

    Mundhawa

    B.T.kawade

    road

    Fatima nagar

    Wanworie

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    CHAPTER- IV

    RESEARCH METHODOLOGY

    Research Methodology Developing research plan

    Data Collection Limitation Work carried out

    Research Methodology

    The right combination 0f a detail study, observation, cooperation and

    experiment is called Research. It is systematic generalization and

    formulation of theory.

    I have chosen to use Exploratory Research design to carry out my

    research successfully with aim of either to explore an area where is little

    known or to investigate the possibility of undertaking particular work.

    Data was captured via a structured questionnaire administrated face-to-face with the respondent.

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    Research Methodology involves several steps, which should be in

    sequence order, so that final result should come up with right picture. It

    involves following steps:

    Developing Research Plan

    The task further is to arrange ideas in order and write them in the form of

    an experimental plan or what can be considered as a Research Plan.

    Research Plan is essential because of following steps:

    1. Research plan helps to organize ideas in a form whereby it ispossible to look for flaws and inadequacies, if any.

    Problem Identification

    Research Objective

    Developing Research Plan

    Data Collection

    Data Processing and Analysis

    Findings

    Recommendations

    Conclusion

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    2. It provides an inventory of what must be done and which materials

    have to be collected to achieve it.

    3. It is a document that can be used to get comments of other.

    The steps involved in developing a research plan are as follows:1. Data Source: After the research problem has been identified and

    research design/ plan chalked out, at this step the source from

    where the data is to be collected and how is identified. At this step

    the researcher should keep in mind two types of data:

    Primary Data

    Secondary Data

    2. Research Approach: There are two basic approaches used to carry

    out the research: Personal Interview

    Telephone Interview

    3. Research Instrument: Paper based Questionnaire.

    4. Sampling Plan: To ensure representation of the universe, target

    respondents were identified through a Random Sampling

    Process.

    Consumers, who were familiar with the category, were interviewed

    for those categories.

    Sampling ensured that each of the categories under study had a fair

    representation in conjunction to the penetration of the category in

    the market.

    Sampling is a selection of units from the entire group called the

    population or universe of interest.

    Sampling Population: (Universe) Customer in Pune.

    Sampling Frame: Customers in east Pune.

    Sampling Unit(s): Individual, investors, builders, promoter,

    agents, Firms, and so on.

    Sampling Method: Area Sampling.

    Sample Size: Sample size is 150.

    Data Collection:

    Basically any Researcher collects two types of data:

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    1. Primary Data:The primary data are considered which are collected

    afresh and for the first time, and thus happen to be original in

    nature. This data is collected by researcher himself for the purpose

    of research carried by him.

    The Primary Data has generally been collected by means of

    Questionnaire, Telephone, Direct approach and Observation

    method via. Customers.

    2. Secondary Data: The Secondary data are considered which have

    already been collected by someone else and which have already

    been passed through statistical process.

    But before utilizing the secondary data researcher must find out the

    reliability, sources from where have it collected and the purpose for

    which it has collected.

    Secondary data may either be published data or unpublished

    The Secondary data has been collected by means of:

    Various publications of the central, state and local governments.

    Trade journals, exhibition.

    Books, Magazines and Newspaper

    Reports, Presentation of individual, association etc.

    Public Records and Statistics.

    Historical documents and other sources of published information.

    Experts and Individual

    Various publications of foreign governments or international bodies.

    Relatives and Friends.

    Internet website like magicbricks, 99acres, zamanzar,

    indiaproperties,anandproperties etc

    Limitations

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    While doing the study I faced, these are listed as below:

    The Time for the study was only two moths (10th May to 10th July 2008).

    Few Customers did not respond well to my questions.

    Language barrier was a problem in some case.

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    CHAPTER- V

    Analysis, Interpretation

    Data Analysis & Interpretation

    Graphical presentation Survey Analysis

    Data analysis

    1. Which are the respondents involve in research?

    Types of respondent No. of respondents % of the Respondents

    Investor 30 20

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    Builders 45 30

    Agents 75 50

    Total 150 100

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    Interpretation:

    50%

    20%

    30%

    Agents Investor Builder

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    Through survey we found that maximum 50%, 30%, 20% agents builder and

    investor respectively.

    2. Do you think real estate consultants are adding value to customer as wellas builder?

    Characters No. of respondents % of the respondents

    Yes 105 70

    No 45 30

    Interpretation:

    It was found trough survey that 70% respondents said that realestate consultants are adding value to the customers as well asbuilders.

    3. Whatis the value added services provided by respondents?

    Help in property showing

    Respecting customers

    Connect throughout end to end process

    Provide all documentation knowledge

    Help in negotiations from builders or promoters

    Send greeting card after close deal.

    Maintain all record of customer data in excel

    Characteristics

    NoYes

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    Help in obtaining home loan.

    4. What is parameter of value addition provided

    by Relocare and other agents or consultants?Consultants Parameter

    Relocare 8

    Gemini properties 6

    Giri associate 5

    Seva properties 5

    Shri sai consultancy 4

    5. New development on the particular area.

    Area New developmentKharadi EON IT parks, gera emerald city, 5*

    hotels.

    Hadapsar Infocity IT park,Magarpatta WNS tower, multiplex, hotels.Fatima nagar NoWanwadi Fun n cinema, commercial projectsK.T. kawade No

    6. Is there any possibilities of new development

    in particular areas?

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    Characteristics No. of respondent % of the properties

    Yes 105 70

    No 45 30

    Interpretation:

    It was found through survey that 70% respondents said

    that new will be possible.

    7. Future of Pune real estate.

    Character No. of Respondents % of Respondents

    Increments 45 30

    Decline 50 33

    Characteristics

    NoYes

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    No change 55 37

    Interpretation:

    Through above survey 37% said that future of the real estate consultants will be

    stable and 33% said that will be decline and remains 30% said

    9. Which types of preferred properties by customers?

    Types of properties % of the properties

    Direct (from builder, personal) 30

    Indirect properties(resale, agents etc) 70

    37%

    30%

    33%

    Stable Strong Decline

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    Interpretation:

    Through data analysis we got that 70% properties are selling and buying as

    indirect and only 30% was direct properties.

    9. Which factors are most effective in customer buying

    behavior?

    Factors No. of Respondents

    in favor

    % of the Respondents

    Location 50 33

    Price 40 27

    Brand 25 17

    Resale, agents Direct

    10

    20

    30

    40

    50

    60

    70

    points

    Types of properties

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    Aesthetics 15 10

    Amenities 20 13

    Interpretation:

    It was found through survey that most 33% respondent or customer are preferred

    first location and after that price, brand, amenities and aesthetics respectively.

    11. According to them which are the best 10 projects on

    the basis of quality (brand) & cost parameter?

    Area ProjectViman nagar 1. Konark campus

    2. Lunkand emerald.Kalyani nagar 1. Fortaleza

    2. Marigold

    Wagholi 1. Umang houseKharadi 1. Primrose

    Factors

    Location33%

    Price27%

    Brand17%

    Aesthetics10%Amenities13%

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    2. blue berryMagarpatta 1. cosmos

    2. iris3. gravellia

    Hadapsar 1. panwar house

    Fatima nagar 1. Parmar buildingWanwadi 1. Versa

    2. sylen heightK.T. kawade 1. sicilia

    12.Area wise price rates

    Viman nagar 3200-5500Kalyani nagar 4500-6500

    Wagholi 2100-2500Kharadi 2100-3000Magarpatta 2600-3200Hadapsar 2500-4000Fatima nagar 2600-3500Wanwadi 3000-4000B. T. Kawade road 3000

    13. What will be the price of real estate properties in

    next six months in concern area?

    Character No. of Respondents % of Respondents

    Increase 45 30

    Decline 50 33

    Stable 55 37

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    Interpretation:

    Through above survey 37% said that future of the real estate consultants will be

    stable and 33% said that will be decline and remains 30% said will be growing.

    14. Are competitors using internet for properties buying

    and selling?

    Characteristics No. of respondent % of the properties

    Yes 80 53

    No 70 47

    37%

    30%

    33%

    Stable Growing Decline

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    Interpretation:

    It was found that 53% respondents are using internet in buying

    and selling of properties and remains 47% are not using.

    Yes No

    10

    20

    30

    40

    50

    60

    70

    %

    Types of properties

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    CHAPTER- VI

    Findings and Conclusion

    Findings, Conclusion

    Suggestion

    Finding and conclusionThrough all over the project I was found that the real estate sector goodfor any kind of management tools and it is one of most booming sector in

    the Indian market. And as we know the peoples are so busy in their

    corporate so they dont have sufficient time to find out properties

    therefore they our services are beneficial for them.

    I was also developed given area and made network with the agents as

    well builders.

    Real estate agents contributing various value additions to customer like Help in property showing

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    Respecting customers

    Connect throughout end to end process

    Provide all documentation knowledge

    Help in negotiations from builders or promoters

    Send greeting card after close deal.

    Maintain all record of customer data in excel

    Help in obtaining home loan

    Customer always first.

    As per study I found that future of real estate consultants will bemushroomed

    Because of customer doesnt have time to search property due to busy

    schedule

    Lack of knowledge about real estate

    Any misunderstanding in documents

    Also there are possibilities of new development like

    IT parks

    Commercial mall, and building

    Township like Amanora city

    I also created awareness about my companys brand and product, service and value addition.

    And myself improvement as.

    Learn about real estate

    How to engage the customer Readthe customer according to their perception ,behavior and profession

    Get knowledge about required data and documentation

    Improve relationship with agent

    Suggestion They have to see the at least one time before show to customer so can get idea of

    property.

    Should arrangement of property as earlier possible They should have fully knowledge about the current market.

    Should be negotiating price.

    CHAPTER-VII

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    LIMITATIONS

    Limitation

    Annexure

    (i) Questionnaire

    (ii) Bibliography

    Limitations

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    1. Less coverage or presence in the country.2. Due to presence of large number of players, Company is not able to

    get large no. of customers, ultimately do not trade more.3. Illiteracy in general public.

    4. Lot of study needed that require efforts, time and money.5. Due to lack of enough funds, company could-not spend much to get

    the business.6. No technology up gradation.7. Company concentrating only on revenue.8. Lack of adequate staff people, especially marketing.9. People scare to invest their money in real estate due to the

    assumption of high risk involved.10.Lack of proper mgt.

    11. Lack of direct property

    12. Weak network with agent

    13. If agent has property, than they are not come at time to showthe property.

    14. Do not able to engagement of customer

    Annexure

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    Questionnaire:

    1. Which is the respondent involved in research?2. Do you think real estate consultants are adding value to customer

    as well as builder?3. What is the value added services provided by respondents?4. what are parameter of value addition provided by Relocare and

    other agents or consultants

    5. New development on the particular area.

    6. Are there any possibilities of new development in particular areas?

    7. Future of Pune real estate

    8. What will be future of real estate consultants?

    9. Preferred properties by customer

    10.Which factors are most effective in customer buying behavior?

    11. According to them which are the best 10 projects on the basis ofquality (brand)& cost parameter?

    12.Area wise price rates

    13.What will be the price of real estate properties in next six monthsin concern area?

    14.Are competitors using internet for properties buying and selling?

    Bibliography

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    Books:

    1. Research Methodology by C R Kothari.

    2. Marketing Management by Philip Kotler

    3. Times properties news editions.

    4. Properties showcase.

    .

    Internets:

    www.magicbricks.com

    www.99acres.com

    www.google.com

    www.zamanzar.com

    http://www.magicbricks.com/http://www.99acres.com/http://www.google.com/http://www.zamanzar.com/http://www.magicbricks.com/http://www.99acres.com/http://www.google.com/http://www.zamanzar.com/