tomrasia

Hi all ,

I would like to know all positive and negative views from all the experts on future market.

With all Regards

wiseman

Tomrasia,

I know a high profile broker in Chennai who, even now is simultaneously doing 20 or more deals in properties in prime areas in Chennai. Many of these are multi-crore deals and he has a very high reputaion for getting things done much faster than anyone else I know.

This why, people who are worth many crores feel safe dealing with him and get their money's worth, even if he charges 2% on either side. His reputation is rock solid and he goes the extra mile to get both parties feel satisfied about the deal (and mind you, this is very difficult when you are dealing with rich parties with big egos and lots of greed on their minds! )

Then there are fly-by-night operators who look sleazy as soon as you meet and talk with them. Most people immediately figure them out and subsequent actions check out about the first instinctive opinion.

Which one do you think will last out and become rich and well-known?

cheers

legal Forum

A good commodity brokerage firm will have a solid training program for new brokers. They will place an emphasis on learning how to trade properly and making money for clients. Sales skills will also be a focus, as you will need new accounts in order to trade in the first place. Whether you like it or not, sales are a vital part of any brokerage firm, but a good firm will not use high pressure and intimidation on their brokers to generate business.

landbank

The future is good for the hard working.. and client centric brokers. those who live in their past glory will be wiped out of the market.

Over all most brokers are finding it tough these days.

I predict incoming for MNC brokerage firms and a whole lot of consolidation through franchising in the near future.

drkalwit

Hi This is first time I am writing something in this column I think in real estate commercial property will be bad for some more time but good time for residential property is expected after diwaly in India.

I am President of Group called ARC Association of real Estate Consultants. We are 161 Members as on today.

Thanks
Deepak Kalwit

Nisardel

Hiii,

The graphs of RE are climbing again...!! or the are being made to climb up to skim the cream in the festive season and go kaput after the hay. The correction of RE sector will last longer than many of us had anticipated...

Alees

Well real estate is full of uncertainaties , can't anticipate any thing in this market , but for sure there is good market available in future for broker when recession goes out completly.

jameswilliams

Hi!

The future is good for the hard working..and client centric brokers. those who live in their past glory will be wiped out of the market.
Over all most brokers are finding it tough these days.thanks

Satved

In prime areas of Metros the Real Estate market is growing very fast.

For the same location, simillar category of flats are quoated with significant pricing difference.

Customer should understand & judge the quality and what he is really getting against the investment.

There are many micro factor critcal for price justification.

#1. Location of the flat
#2. Possible growth of the area ( in next 10 years )
#3. Understand loading price above the carpet (Carpert Area / Salable Area / Buit Up Area / Super built up area)
#4. Quality of construction ( Builder Reputation / Written Specifcations / Amenities )
#5. Purpose of investment ( Rent / living )
#6. Ready / UnderConstruction Flat
#7 Average Rent in that area

2 BHK is having good demand as compare other types.

Cost and ROI is also depends if you are going for small / medium or large schemes.

One important factor is height of flat. ( many times builder reduce the height , this can be used for hidden profit and providing attractive rates )

chrisbinder

Your post disussions that helped me get some of the basic points. I aareciate it!!