Real Estate: A business which needs patience
From my past experience in the Real Estate Business in Gurgaon, the most important thing that one needs to run the business successfully is PATIENCE. I have come across investors and agents in the market who are ready to buy a property, some are bullish about it and for some of them, it doesn’t matter at all (maybe because it is their negotiation skill). But an agent has to be keep calm in handling the stuff in both the situations. I had a real problem in that as I confused it with an IT company where you need to have well defined targets and have to manage them in time, but I don’t think that it is possible with the Real Estate Consultancy.
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So the renovation work is near to completion and now I have my new room. My mom and wife blamed me for created the worst mess in the house. Thanks to the real estate business which has provided me a lot of Brochures of DLF, Unitech, Central Park, Vipul, Tapasya and many more and a lot of visiting cards of real estate agents, builders and clients. I have approximately 5 Kg of brochures, 200 visiting cards and at least 10 Kgs of bunch of papers related to Real Estate. Now I need the organize the stuff to avoind being blacklisted
So, now is the time when the Residential real estate prices are stagnant in Gurgaon. I’m talking about plots not the high rise apartments. I personally feel that is best time for actual user to buy a property for himself. Inverstors are not putting in their money for a very good reason. The registries of the 60 sq yd plots has been closed by HUDA (Haryana Urban Development Authority) and god know how these decesion will help the government in increasing their revenues. There is a lot that need to be done in the Real Estate Sector in Gurgaon, lot
I am into this business since last year. The boom was at its peak at that time and I think the growth in the real estate prices in Gurgaon actually was the highest on the Globe. Was it due to political reasons? Was it due to immigration of Multinationals? What was it? The flat which I sold to my client at Rs. 2200/- per is now at 4500/- just after 8 months. What’s the actual reason behind it and why the prices have stabilized now? Do you know the answer?
Yesterday I have came across a project in Gurgaon which has Villas ranging from price range of Rs. 6.85 Crores to 9.5 Crores. This is Strange!!!
These prices are even more than the real estate prices in the Europe. now an AAM AADMI cannot buy a house in Gurgaon and after sometime, Gurgaon will only be a place for Higher End gentry very soon!!!
Boss, you need to have real negotiation skills when you have to get the real estate deal done between a Punjabi and a Baniya . I’m a Baniya too but I now realized that how difficult it is to convince the baniya to sell the property. Me and Netaji got a deal done between these 2 parties sometime back. The property is at IMT Manesar in Gurgaon.
The seller is thinking that he is doing a favor on the buyer by giving the property and actually the position is the same with the buyer also. At the time of
With the launch of the Maruti Suzuki Swift’s Diesel Variant, Maruti is now on a move to start their plant in April, with the date of starting of the plant getting nearer, the real estate prices in IMT Manesar has started rising. Auto part manufactures, packaging machine, packaging material, lights and spare part manufacturers are now getting into IMT Manesar, the best Industrial area of Gurgaon according to me. I have done 4 deals in the last month of this area and I expect the prices to shoot up at least 5 times in the next 3 years.
So, the real estate thing continues…
We had some good deals in the past months and still better deals in pipeline. We had many bad experiences in the near past. Sometimes the sellers backed out and sometimes the buyers. Its a sellers market in Gurgaon nowadays, property going up and up and nobody knows that where it will end. Well, good for us as we get more bulls in the market who are ready to invest millions and millions of rupees in thier pocket. But the irony of the business is that when if comes to negotiation, then the buyers and
Got this question on my Enquiries on Real Estate web site
Anybody having awnser can help
Google Server Farms in India!!
Now, Google is also eyeing towards the real estate sector in India. I read the news few days back that Google is planning to set up an SEZ (Special Economic Zone) in India. Well, when India is open for all Business big shots like Reliance, Mahindra, DLF for SEZ, then why can’t Google??
Google had already set up a “Server farm†in Taiwan and now India will be the second destination throughout Asia. They’ll have in total 7 Server Farms worldwide if the Indian “farm†is “cultivatedâ€. As far as I have read on the internet, these
Being into the Real Estate consultancy in Gurgaon, I have come across many companies in IMT Manesar, Udyog Vihar, Pace City and Infocity who have been supplying spare parts to Hero Honda and Maruti Udyog. What these people say is that Hero Honda is very shy nowadays in production. The reason is that, they are loosing market share. Then who is gaining the market share? No doubt, the answer is Bajaj Auto. With so many new models coming up, Pulsar, DTSi, Discover DTSi, Platina very frequently into the market, I feel that CONSTANTLY INNOVATING is where Hero Honda is loosing.
January 28th, 2007 at 4:57 pm
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