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Excerpts from the Article “NOTHING SUCCEEDS LIKE SUCCESS”
The quest for a tomorrow that is better than today - measured in terms of wealth, is what defines the business or mercantile aspect of the Gujarati community. Kalpesh Shah, President, National Association of Realtors – India (NAR-I), believes that the Gujarati community is an apt example of India’s success story: “It is about being unwilling to accept life as it is; the willingness to work hard, take calculated risks and work towards a better future.” 
What sets the Gujarati work ethic apart? It is not just ‘hard working’, but also ‘smart working’, focussed on not just earning, but also the creation of wealth, adds Shah. The one Gujarati who has ‘top of the mind’ recall for Shah is the Late Dhirubhai Ambani. “He went from rags to riches in a way that India wants to emulate,” he points out. As President of NAR-I, Shah represents the ‘global best practices’ being implemented in India’s real estate sector. “Traditionally, the ‘middleman’ in Indian real estate was the ‘grease’ that ensured smooth business. The evolution of the broker or dalal into a professional who is ‘in sync with global trends’ as a member of NAR-I also mirrors the change that the Gujarati community is undergoing,” Shah explains.
“From ‘traditional’ to ‘high-tech’, the Gujarati success story over the years, is one that will continue growing in the future.” Talk about the community being patriarchal and male dominated in nature, and Shah counters. His better half, Neeta, is an equal partner in the business, and she shoulders her share of the daily business decisions. “The concept of being in business is almost ingrained in the Gujarati psyche, and Gujarati women are making their presence felt, both as self-employed professionals and in business,” adds Neeta.
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Excerpts from the Article “NOTHING SUCCEEDS LIKE SUCCESS”

The quest for a tomorrow that is better than today - measured in terms of wealth, is what defines the business or mercantile aspect of the Gujarati community. Kalpesh Shah, President, National Association of Realtors – India (NAR-I), believes that the Gujarati community is an apt example of India’s success story: “It is about being unwilling to accept life as it is; the willingness to work hard, take calculated risks and work towards a better future.” 

What sets the Gujarati work ethic apart? It is not just ‘hard working’, but also ‘smart working’, focussed on not just earning, but also the creation of wealth, adds Shah. The one Gujarati who has ‘top of the mind’ recall for Shah is the Late Dhirubhai Ambani. “He went from rags to riches in a way that India wants to emulate,” he points out. As President of NAR-I, Shah represents the ‘global best practices’ being implemented in India’s real estate sector. “Traditionally, the ‘middleman’ in Indian real estate was the ‘grease’ that ensured smooth business. The evolution of the broker or dalal into a professional who is ‘in sync with global trends’ as a member of NAR-I also mirrors the change that the Gujarati community is undergoing,” Shah explains.

“From ‘traditional’ to ‘high-tech’, the Gujarati success story over the years, is one that will continue growing in the future.” Talk about the community being patriarchal and male dominated in nature, and Shah counters. His better half, Neeta, is an equal partner in the business, and she shoulders her share of the daily business decisions. “The concept of being in business is almost ingrained in the Gujarati psyche, and Gujarati women are making their presence felt, both as self-employed professionals and in business,” adds Neeta.

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    • #article
  • 2 weeks ago
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Why Should you Attend the NAR-INDIA 5th ANNUAL Convention?
  • To understand emerging customer issues and service delivery considerations
  • Listen to the minds of the top leaders of the industry
  • Witness thought provoking presentations, panel discussions and case studies
  • Be informed about the regulatory landscape
  • Networking opportunities with the best in the Industry
  • Tremendous opportunity for business & investments
  • To share knowledge and expertise
  • To share experiences of business in other states/cities
  • To raise issues and concerns of common concern

Who should attend?

  • Brokers/ Realtors/ Agents/ Consultants/ Property dealers
  • Market Analysts
  • Legal Service Providers
  • Tax Consultants
  • Architects and Town Planners
  • Investors
  • Venture Capitalists
  • Financial Advisors
  • Officials of Housing Finance Companies
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  • 3 weeks ago
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NAR INDIA 5th Annual Convention
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NAR INDIA 5th Annual Convention

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  • 3 weeks ago
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BRAI conducted its first sports day at the XLR8 indoor sports stadium on the 14th of April 2013. More than 114 realtors attended this event and made it a grand success. The presence and participation of the President, the Vice President, the IPP and all the Governing Board members was appreciated by all and made the day more eventful exciting. this was the first time I have seen so many realtors under one roof and not talk business !

Competitions were held in two events - Cricket and Paint ball. The Cricket tournament was won by the team from Estates & properties, the runner up for the event was M/s Mint Realty. The Paint ball event was won by the team from /s Silverline Realty.

I thank and acknowledge the hard work put in by our Sub committee members Mr. Wasim, Mr. Farhan , Mr. Saqib and the Chairman of the Social Promotion committee Mr. Salahudeen to make this event a success. I also thank the management of XLR8 for allowing us to use their facilities and providing necessary support to organize the event. I also thank the Governing Board who took out time from their busy schedule and also participated in most of the events.The whole event along with breakfast and lunch was sponsored by BRAI.

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    • #NAR-INDIA
  • 4 weeks ago
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Mega Blood Donation Camp organized by AREA Group - Mumbai, 31st March 2013

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  • 1 month ago
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The Proper Price for Property

Today most investors are trying to find incredible deals and resell them for a profit. This is a great strategy when you execute correctly and buy at the right price, prepare it properly, price and market it correctly.

Today it is very important that you price the property at a saleable price from the first day you list it! This is because the property gets the most attention the first week it is on market. Very quickly it will lose the attention of prospective buyers and your traffic to that advertisement will fall. That means it will take you a longer time to sell the property and collect your profit!

More importantly, a listing gets the most attention on its debut. This fact was documented by a report that concluded - the week that a listing goes on the market, it is estimated that it gets nearly four times more visits on real estate websites than it does a month later.

How To SELL Quickly!

To sell your property quickly you must have the property fully prepared and properly priced on the day it is listed. It is NOT a good idea to price the house high then reduce the price later. If you do that you will lose a lot of your prospective buyers and the house will take longer to sell. Today buyers search the Internet to locate the properties they want to look at. They often have alerts set up that let them know when a new property is listed. The buyers then have a real estate agent show them the houses.

A real estate listing gets more than three times more on-line visits the first week it is on the market than it does a month later! This is a result of the on-line alerts. Secret to Selling Quickly: Set the right asking price from upfront. It is the first two weeks of a new listing that generate the most on-line viewings. Those are your prospective buyers looking at your property! 
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The Proper Price for Property

Today most investors are trying to find incredible deals and resell them for a profit. This is a great strategy when you execute correctly and buy at the right price, prepare it properly, price and market it correctly.

Today it is very important that you price the property at a saleable price from the first day you list it! This is because the property gets the most attention the first week it is on market. Very quickly it will lose the attention of prospective buyers and your traffic to that advertisement will fall. That means it will take you a longer time to sell the property and collect your profit!

More importantly, a listing gets the most attention on its debut. This fact was documented by a report that concluded - the week that a listing goes on the market, it is estimated that it gets nearly four times more visits on real estate websites than it does a month later.

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    • #selling
    • #realestate
    • #NAR-INDIA
  • 1 month ago
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Business Card Marketing for Realtors
Business cards are the first impression one gets of you and they speak volumes about who you are, what services you offer and how serious you are at marketing your real estate firm as a business. The business card announces that you are serious and ready to help people solve their realty related problems. You can use business cards to increase your chances of creating more business opportunities.
Always carry your business cards! Your checklist should include business cards, as part of your “do I have my wallet/money, house keys, driver’s license’” etc. Any meeting is an opportunity to give out a business card. It could be a morning run or a random errand to the local grocer. Use every opportunity to network by making it a habit to always carry business cards. Give out your card to everyone – whatever works!
Insert a business card when mailing bill payments. Bills these days contain advertisements so you should advertise your skills or services in the same way? As the movie, “6 Degrees of Separation” points out that we are only 6 people away from knowing someone of influence, you could be 6 people away from knowing the Prime Minister, your favorite movie star or better still someone who is in a position to hire your skills or services. Each of us knows someone, who knows someone (X6.6 on average), who we need to know…
Proper business card etiquette. Whenever you give a business card, ask for a business card. When given a business card, don’t just take it and place it in your pocket. Make the person feel important by looking at their card for a few seconds. You might see something that could be a topic of discussion. Write comments on the card such as date, location and common points of interest. These comments will prove valuable when following up with that person. This also demonstrates a sincere interest in the other person. Then place it in your wallet. This lets them know they reside in a special place with you. Make people feel important, in order to make yourself important to them.
Be generous. Give business cards out to everyone, including family and friends. Hoarding your business cards only makes your wallet feel full, not your bank account.
Ask for referrals. When giving a business card, people feel more comfortable when you ask; “I would appreciate a referral, if you know anyone that could use my services”. Give them 2 cards.
Maximize every chance meeting. You never know when you might meet someone who can help you. Small social events, like a birthday party your child is attending, could produce unexpected encounters with people you will want to network with. You never know who you might meet
The Right place at the Right time. Have you ever been to a club meeting to find out you were not really given an opportunity to pass out your cards. Volunteering for speaking and networking events for big name speakers has been a very successful resource to grow. If you help enough people get what they want in life, you will get what you want in life.
Follow up. Immediately after a meeting a person who could be part of your business, send a hand written note thanking the person for their time. Insert your business card. If you get no response and were expecting one, do it again. Patience and persistence pays off. . Make it a habit to do this once a week. People open invitation type envelopes faster than any others. 
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Business Card Marketing for Realtors

Business cards are the first impression one gets of you and they speak volumes about who you are, what services you offer and how serious you are at marketing your real estate firm as a business. The business card announces that you are serious and ready to help people solve their realty related problems. You can use business cards to increase your chances of creating more business opportunities.

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  • 1 month ago
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Basics Of Real Estate

As a new Realtor, we all had a fear of the unknown. We want to be successful but just need to know where to start or how to do a deal. So here is some basic real estate brokering information that are great for evaluating leads and landing real estate deals.

1) Location:
The location of the property will usually determine what techniques you can use. Here’s what to look for:

• Ugly homes in need of repair.
• Properties in appreciating areas.
• Properties that have easy terms.
• Properties with seller financing.
• Properties located in high rental markets.

2) Real Estate Bargains:
No matter what technique you use, you want to find good bargains. The better the bargain, the more you profit. Real estate bargains are usually the result of highly motivated sellers.

3) Motivated Sellers:
Motivated sellers are sellers that are in situations they need help with. Usually their property is the problem. Motivated sellers make good real estate deals. Be sure to write down all real estate investing information about the home.

4) Information Gathering: 
Gathering information will help you stay organized and give you the best possible analysis of a property. Be sure you have a Property Research Form, Property Inspection Sheet, and a worksheet. Other information you will need is Repair values, qualifying the seller, and financing. Use all necessary information that can help you with your buying decisions. You will profit when you buy and realize it when you sell.

5) Contracts:
Your contracts must be bullet proof. You should always consult your real estate attorney before using them. There are several factors to consider when using contracts. It is wise to work with the local Real Estate Association to obtain widely used and accepted forms.

6) Use other people’s money (OPM):
Whenever you can use someone else’s money, you have tremendous leverage. The seller will still receive what you have agreed upon. Here are some ways to use other people’s money:

• Banks
• Other Investors
• Friends
• Subordination Technique
• Substitution Of Collateral Technique

7) Closing: 
The buyer can choose a Title Company to close the real estate transaction. A Title Company researches the title for any defects. They will then close your deal and give title insurance. 
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Basics Of Real Estate

As a new Realtor, we all had a fear of the unknown. We want to be successful but just need to know where to start or how to do a deal. So here is some basic real estate brokering information that are great for evaluating leads and landing real estate deals.

Read More

  • 2 months ago
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Free or Low Cost Web Tools

As a real estate broker or Realtor, you’re well aware of how dramatically the Internet is changing the way you live your life. You regularly go to sites for information, news, and entertainment, but here are some websites that will make your job easier and more profitable:
Elance.com – Do you have a website that needs updating, an article or eBook that needs to be written, or are you searching for the perfect virtual assistant to help you close more deals? If any of these apply to you, Elance is the ideal website for you. Membership is free; you simply post your project and select the bidder with the qualifications and proposal you like the best. Elance makes it possible for you to remotely get more done and their Escrow system lets you and your provider collaborate on your project to ensure your satisfaction, while easing the provider’s concerns that they’ll be paid at the end of the project. (www.elance.com)
Google Picasa – If you have dozens – or even hundreds – of photos taking up valuable space on your hard drive, you’re all too aware of how difficult it can be to organize photos of properties you own or might be interested in buying. Google’s free Picasa software application helps you to organize all the photos on your hard drive so you can locate the photo you need within seconds. (www.picasaweb.google.com)
Google Maps – Do you ever wish you knew the layout of a neighborhood without having to get into your car and battle traffic all the way across town? Google Maps puts this visual information onto your desktop so you can see the layout of a neighborhood or compare the proximity of a potential investment to points of interest, schools, shopping, etc. Little details like these can help you decide whether an investment is a bad idea, a good idea – or a great idea. (www.maps.google.com)
Microsoft OneNote – If you’re as organizationally challenged as a lot of investors, Microsoft OneNote may be just what the doctor ordered. It’s an electronic notebook, so you can organize properties you own in one notebook and create other notebooks – and pages – depending on your needs. You may decide to have a separate notebook for properties you’re considering acquiring. The beauty of OneNote is that you can keep all property details at your fingertips, from legal documents to scanned handwritten notes, photos – even audio files. If you have a fairly new computer, it’s probably already on your system if you use Microsoft office. If not, you can download a free 60 day trial version. (www.microsoft.com/onenote)
These tools won’t make you an overnight success. What they will do, however, is help you to better organize yourself, research properties, and get more done. The time savings can help you to improve your focus and close more deals. Closing deals is the name of the game. These tools help you win the game by making sure they’re quality deals. Put them to work and see how much more quickly you can reach your goal of success. 
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Free or Low Cost Web Tools

As a real estate broker or Realtor, you’re well aware of how dramatically the Internet is changing the way you live your life. You regularly go to sites for information, news, and entertainment, but here are some websites that will make your job easier and more profitable:

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    • #online
    • #NAR-INDIA
    • #realestate
  • 2 months ago
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Ways to Profit from Every Meeting with a Seller

You can make a profit from the deals you find, even when the deals aren’t fit for your real estate business. Here are five tips to make sure you get paid for your time.

1. Sign Up the Deal!
This is the most obvious way to profit from every appointment you make.

2. Turn Your “Junk” Into Gold
Take the people you meet who donot fit your business and refer them to people in your network who can profit by the referral. This builds value into your referral network.

3. Get Information on Local Market Conditions
Use the meeting to get information for the resale market and for the rental market. Find out:
What are rental and resale prices like?
How long are properties staying on the market?
What types of properties are most in demand and what types are least in demand?
What is the perceived market conditions according to the sellers?
4. Learn From the Appointment
This is the ultimate way to leverage yourself. What went well with the appointment? What will you do differently next time as a result of what you learned on this appointment? Make sure you take five minutes and debrief yourself in writing!

5. Future Deals
Follow-up, follow-up, and follow-up with all of these sellers. 
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Ways to Profit from Every Meeting with a Seller

You can make a profit from the deals you find, even when the deals aren’t fit for your real estate business. Here are five tips to make sure you get paid for your time.

Read More

    • #realestate
    • #NAR-INDIA
  • 3 months ago
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Avatar NAR India is a single national level umbrella organization representing realtors/brokers operating all over India. NAR India aims to elevate the standards of real estate brokerage business to a global level where ethics, transparency, accountability, rule of law and good governance prevail. Visit the NAR-INDIA 5th Annual Convention in New Delhi on 6th & 7th July, 2013.

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