Tag Archives: Colliers International

Gagan Randev joins Colliers International

Posted on by Track2Realty

News Point: Colliers International India has appointed Gagan Randev as the National Director, Capital Markets & Investment Services.

Gagan Randev Colliers International, India real estate news, Indian property market, Track2Realty, Best news portal for Indian real estate, Indian real estate news siteGagan will partner with Suresh Castellino, National Director, CMIS at Colliers International to further strengthen the CMIS business with predominant focus on NCR and Kolkata.

With over 25 years of experience across Banking, Financial Services & Insurance and Investor relations, Gagan is a financial markets veteran. He has joined Colliers International to grow the CMIS business in the North (NCR) and the East (Kolkata), with focus on core assets. 

“I am delighted at Gagan’s addition to the Colliers International team, it adds to our ability to service a wider spectrum of clients providing them a wider array of services”, says Saacketh Chawla, Deputy Managing Director, Colliers International India

Starting his career with Citibank, Gagan has been a part of leading financial institutions like ANZ Grindlays Bank (now Standard Chartered Bank), Tata AIG Life Insurance Company, ABN Amro Bank, Religare Securities Ltd and BPTP Ltd. His most recent role in BPTP involved overseeing Finance & Investor Relations and building relationships with large International and domestic Investors, PE’s and Banks/NBFC’s, apart from deal structuring and M&A, Asset disposition and  cementing key partnerships with key partners.

He oversaw the disposition of the marquee asset – BPTP Crest to RMZ Corp. Prior to joining BPTP Ltd., Gagan was the MD & CEO of Religare Securities.

“I am very excited with the opportunity at Colliers International and hope to contribute in taking the CMIS business to greater heights in partnership with Suresh. The CMIS business is slated to change given the spate of changes in the Industry in India and Colliers is expected to be at the forefront of these and contribute to the success of our clients,” says Gagan.

Gagan’s appointment is part of Colliers International’s strategy to further strengthen its presence at a pan- India level and enable the company to better serve the needs of its Investor clients. Suresh added, “I am very excited to be partnering with Gagan, as having him onboard will help us in not only adding capabilities on core asset sales, but also grow Colliers market share in this space. I look forward to working with Gagan and accelerate the growth of our CMIS business”.

What is right property in right market & right price point?

Posted on by Track2Realty

Bottom Line: An average homebuyer always has this dilemma of what is right property in the right market and at the right price point.

Professional Stress, Real estate professionals, Client demand, brokers pressure, NRI investment, real estate salary, real estate depression, unprofessional real estate, Track2Media Research, Track2RealtyIn the absence of any scientific research that could help the homebuyers to make an informed choice one either concentrates on the short term wants to overlook the long term needs or is confused between the end use necessities and quest for appreciation. More often than not the homebuyers’ wants and needs contradict; there is no clarity on economic rationale and emotional urge; and a clear view of the parameters that collective form the livability index is missing.

There is definitely underline need for more research on the subject to help both the developers as well as the homebuyers which could lead to bridging demand & supply mismatch as well. Analysts point out that it depends on which location suits me and at what value is that available to me.

Unfortunately, there is always a confusing as to what is right value and people misread it with right price point. There is a need to look at the overall value of the house. A homebuyer may be paying an extra premium for the said property if he is getting the right value addition with the house.

Ten metrics to determine what is right property 

Physical infrastructure

Social infrastructure

Location & Aspiration

Appreciation potential

Competitive advantage

Rental potential

Launch2sales ratio

Construction quality

ROI cycle

Livability index

Naushad Panjwani, Managing Partner with Mandarus Partners maintains that very much like the beauty, the value of a project lies in the eyes of a beholder; something that the other person does not understand. According to him, the mistake most of the homebuyers make is to look at the self-use house as an investment and this is where they compromise on both the aspect. First, they compromise on the quality of the house because they want to invest in a place where there will be appreciation and then they would compromise on the basic needs that has to be there.

“In a market where the rent is just two or three per cent, even one per cent in a place like Noida, why should one buy a house for investment. I mean you can live on lease at walking distance from your house and have a better property at 25 kilometers distance. I think this is where we often fail to differentiate between investor and end user,” says Panjwani.

Arvind Nandan, Director – South Asia with Colliers International says from a homebuyers’ perspective what matters is that how do you conduct your life. To conduct your life what comes first is your professional life and then there is personal & social life, and these two things matter the most. So, other than the job catchment area, I have to see if there is enough social support in the vicinity; if there is enough healthcare support in the vicinity; are my daily needs going to be fulfilled.

“Once I know that these conditions are met then I will think whether I will afford it or not. It cannot be the other way round where I first start looking for the affordability and then see whether these conditions match or not.   So, by these two filtering I do most of my basic search that whether it is livable place from where I can work and manage my daily life. And then I come to which all projects match my price band, and then which unit etc. So, there are four layers of home search,” says Nandan. 

Right property, in the right market and at right price point is quite subjective and it depends on person-to-person and market-to-market. However, what cannot be denied is that what differentiates between the right product in the market and way-too-ambitious project are – job catchment area, median income of the population and their social needs. 

By: Ravi Sinha