Tag: Mr. Ankit Kansal

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360 Realtors to conduct its 2nd Edition of E-Propshow in Pune

Jul 9, 2021 by Rekha Nair 0 Comments #360 Realtors., #Founder & MD, #Mr. Ankit Kansal

India’s leading real estate advisory 360 Realtors is conducting the second edition of the virtual property show, also known as E-Propshow in Pune. The event, which will start from 9:00 AM, will be conducted online over 3 days starting from the 9th of July.

Last year when the event was conducted, it was hailed as an evolutionary step in the real estate industry. Both industry experts and customers expressed their appreciation for the digital initiative.

This time the event is conducted at a much larger scale. Over 50,000 registrations are expected to learn about 100 individual projects situated in Pune. More than 200 property experts will be working behind the screen to assist homebuyers with all their property needs. There will be plenty of discount offers, exclusive payments plans, and white good items to lure home buyers. Numerous developers such as VTP, KoltePatil, Godrej, ShapoorjiPallonji, are participating in the event.

“For the past many months our in-house team has been working tirelessly to build and test the platform. No stone was unturned to develop a coherent, convenient, and easily navigable platform for visitors. One to One consultation will be given to visitors to render them a unique and complete experience. Virtual viewing facilities are embedded so that discerning buyers can know a lot more about properties, without any need for actual visits. Likewise, paperwork and other documentation have been moved online, keeping buyer convenience in mind” Quoted Mr.Ankit Kansal, Founder & MD, 360 Realtors.

Besides residential apartments, service apartments, plotted lands, and villas, etc; the virtual property event will also showcase a host of commercial projects as well such as retail units, virtual spaces, entertainment zones, etc.

In the new normal, virtual property events are going to gain popularity. It is not only safe and secured but also offers a single platform to showcase multiple properties. In a time when people are scared of going outside, they can sit along with their family members and know about various property options, and make informed decisions.

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Business World

How Franchise based Asset Light Brokerage Models can Redefine Indian Real Estate

Aug 18, 2020 by Gouri Achary 0 Comments #360 Realtors., #Founder & MD, #Indian Real Estate, #Mr. Ankit Kansal, #Mr. Sahil Kapoor, #National Head - 360 Edge

New Delhi, August 18, 2020: Propelled by a large population, a rapid & consistent rise in urbanization & a boom in the middle-income households with higher disposable income, there is large aggregate demand for real estate properties. In addition, other macroeconomic factors such as a reduction in home loan rates, correction in the value of rupee, attractive payment plans by developers to lure homebuyers & flight towards more income-generating hard assets such as Real estate are further driving the market infusing it with strong momentum.

However, an Achilles’ heels of Indian Real Estate is that it still remains highly unorganized with a large number of transactions taking place through individual brokers alongside small & mid-sized enterprises. Although small brokers have a strong footing in their local markets, their unstructured nature, institutional support deficiency & poor technological infrastructure is inhibiting their profitability. In a post-COVID world, when the role of technology and digital marketing will further rise exponentially, a lack of such resources might be detrimental to overall growth.

A viable solution to reverse the scenario lies in building asset-light franchise models that are underpinned on symbiotic sharing of resources & market know-how, credible institutional support, regularly qualified lead flows and prudent profit sharing between the franchisee and the parent company. Leveraging the infrastructure of the parent company, franchisees can successfully build asset-light businesses & grow fast without incurring high capital & operational expenses.

To grab the opportunity in the current market and grow, one requires a more sophisticated approach. From a broker, one has to transform into a sophisticated consultant. These consultants are professionally trained to be more service-oriented & customer-centric.

Similarly, they have to work in a networked fashion in an organized setup to step up their game and attain higher profitability.

“To bring about a well-rounded & effective approach towards building higher profit margins for brokers, 360 Realtors, one of India’s largest Institutional Channel Partners (ICP), launched 360 EDGE Franchise, a one-stop-realty hub where customers can Buy and Invest in both Residential/ Commercial real estate projects across 20 cities of India.” Quoted Mr. Ankit Kansal, Founder & MD, 360 Realtors.

As a part of the partnership, brokers partnering with 360 Edge gain access to business blueprints & strategies to revamp their business models & leapfrog towards a steeper profit trajectory.

The 360 Edge Franchise comprises of a team of like-minded, entrepreneurial and trained Business Associates who work on a commission-sharing model. These business associates work full-time with the Franchise Owner & pay an Annual fee to get associated with the Franchise office. This business model is both scalable asset-light which allows easy expansion of unlimited growth. It creates a win-win situation and an apt and interdependent working environment for all the stakeholders involved.

Shining more light on how 360 Edge will transform the Real Estate brokerage space, Mr. Sahil Kapoor, National Head – 360 Edge said, “The franchise will get to use the credible brand name of 360 Realtors, which will help in easy brand credibility & brand recall. In the capacity of a franchise, one would be able to market and sell projects from around numerous Grade-A developers, with whom 360 Realtors has tie-ups. Also, in the post-COVID world, digital channels will be instrumental in driving marketing. 360 Realtors has invested heavily in developing cutting-edge technology and digital capabilities, which can be leveraged by franchises owners. Backed by 360 quality leads, franchises can generate more business.”

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Business World

Earn higher Rent from your House

Aug 13, 2020 by Gouri Achary 0 Comments #Director - Sales, #Earn higher Rent, #Kapil Kapur, #Managing Director 360 realty, #Mr. Ankit Kansal, #Strategy & Business Development Bullmen Realty India

Whenever a property is purchased with a purpose of investment, the first focus is the rental yield from that particular property. Though rental yield from the commercial is higher than residential, buyers prefer investment in residential because of the increased cost and risk connected with the commercial segment.

Usually, any property/flat can be rented to family, singles, and serviced apartments. Out of the above three mentioned rent types, the owner will get the least rent from the family. The major benefit of the tenant family is that they will maintain the property well thus returning maintenance costs will be less. Rent will be on time. On the other hand, the flat owner can expect 40%-50% higher rent with Singles/PG as compared to a family but this rent type is the most hassled way of renting out. A 3 BHK can be rented to 6 Bachelors as a PG but rent collection is a major headache and the recurring maintenance cost will be high.

According to Mr. Ankit Kansal, Managing Director 360 realty, “The best way to get higher rent is to make the house well-furnished. It has been observed that some flat owners find it very difficult to rent the property and the main reason for the same other than the location is house furnishing. The owner should transform the property into a liveable form. The concept is common in big cities like Delhi, Noida, Gurgaon, Faridabad, Ghaziabad, Mumbai, Bangalore, Chennai, Lucknow, Dehradun, and many others. The second thing is the availability of services in the vicinity or inside the housing complex. When anyone moves into a rented place; the common difficulty is to search for a good maid, newspaper vendor, milk vendor, cook, grocery, medical facility, school, market, etc. It would be good if the homeowner can help in arranging these facilities and thus increase the chances of getting a higher rent.

According to Kapil Kapur, Director – Sales, Strategy & Business Development Bullmen Realty India, “Another option is to turn the property into a serviced apartment, which is a fully furnished and fully maintained apartment with facilities like working kitchen, housekeeping staff, centralized security, Wifi, electricity back up, laundry service, all Home Appliances, etc. It is similar to a hotel and thus is considered a commercial facility. Therefore, income from serviced apartments is treated as Business Income and you need to get commercial electricity/water meters installed. Owners need permission from the association and the local municipal corporation. These apartments can either be leased to professional agencies or companies. The initial cost of set up is very high in the range of Rs 8-10 lakh but one can expect very high rent from serviced apartments.

Good Marketing is key to Maximize returns. One should explore all online and offline channels to advertise/rent your property. It has been observed that some owners are comfortable to put their property on Rent only through brokers. These days tenants prefer direct dealing with owners as it helps them to save brokerage. One can always go for police verification of tenants or may demand a reference letter from the office of the tenant where he is working. Another advantage of online advertisement is that the owner can put pictures of your property which helps the tenant to decide before a physical visit thus saves time. Property can be rented in a short time with the help of online channels.