Real estate broking in need of a facelift: Experts

Say changing trends in realty from perspective of investors, developers, real estate consultants have given birth to the aspirant entrepreneurs in real estate

While the real estate sector has a huge scope of employment at a fraction of investment, real estate broking in need to a major facelift, said experts at a recently held seminar organised by international property group RE/MAX.

Titled 'Entrepreneurship in Real Estate', the seminar was held with a motive of converting real estate brokers from being unorganized to organized one in Gujarat. The one-day seminar, held on April 11, 2015 in Ahmedabad, saw an expert panel comprising Jaxay Shah, MD, Savvy Infrastructure; Manan Choksi, Director, RE/MAX Gujarat; Anupam Tandon, COO, HN Safal Group; Pravin Bavadiya, Director, City Estate Management from real estate sector; and Dr. Chandan Chatterjee, Director, Center from Entrepreneurship Development and Apurva Shah, Charter Member TiE.

The expert panel concluded that changing trends in realty from the perspective of investors, developers, real estate consultants have given birth to the aspirant entrepreneurs in real estate.

"There are a lot of options of getting employed in real estate sector. Real estate has the scope to employs thousands of people at fraction of the investment. Hence, we believe that real estate can generate lot of employment opportunities, like becoming a land aggregator, land developer, builder, construction contractor, architect, structural /civil engineer and many. At RE/MAX we facilitate our stakeholders with cutting edge technology, excessive data base, and innovative ways of marketing which make them professional and qualified real estate agent," said Manan Choksi, Director of RE/MAX Gujarat.

According to Jaxay Shah, MD of Savvy Infrastructure, while most people in India have 75 per cent of their savings in their own home or real estate sector in general, the brokers guiding them, help them and service their savings are not trustworthy.