MAHARASHTRA STATE BOARD OF TECHNOLOGY

EDUCATION- MUMBAI

Program : ME Coures : EDU

Report on

“Generate business ideas for intrapreneurial and

entrepreneurial

opportunities through brainstorming”

Submitted by

Gaurav Aher
Chaitanya Aware
Vipul Bagde
Aryan Nirbhavne

Guided by

Prof. S.A.Khan

Lecturer in Department of mechanical engineering

MET BKC

Practical No .3

Generate business ideas(product/service) for

intrapreneurial and entrepreneurial opportunities through
brainstorming.

1.Summary

A. The opportunity

With a growing population, the demand on real estate

properties in on the severe rise in Mumbai too, Starting
at real estate consulting business could be a good
option. Charging a low commission on this property
 value that is finalized with the clients can ever carn a
good income.

● A real estate consultant provides a variety of

services to help maximize the potential return
on an investment in real estate.
● Property developers, builders, real estate investors,
and investment banks rely on real estate consultants
for professional advice.

B. The Description of the Business

How we feels the needs:

We are a professional who helps a client find the perfect
property of his choice. The basic role of a Real Estate
Consultant is to ensure that the property-related
requirements of his/her clients are met. Real Estate
Consultants have an in-depth working knowledge of the
real estate industry and hence can provide the best
advice to a customer looking for a commercial or
residential property.

C. Competitive Advantage

Description of Business Model

Real Estate is an incredibly competitive industry and new

agents enter the profession every year. Let’s look at
Toronto’s market for example. In 2017, Toronto was
home to 2.93 million people and had 48,000 registered
agents to represent them. That’s one agent per 61
people! Interestingly, many new agents are thriving in a
densely competitive industry. Let’s look at why new real
estate agents have a competitive advantage, contrary to
popular belief.

Description of What Our Business Needs

A Real Estate Consultant must be a good communicator,

have a confident personality, be able to negotiate in tough
situations, have good analytical skills and should be able
to clearly understand the requirements of their client.

Exit Strategy for investors

These exit strategies are ways to move on from a specific

investment property, whether it's commercial real
estate.Whether you just want to take your money and
 walk away, or you're looking to move into another
investment, you need to figure out the exit plan that's best
suited for your particular investment strategy as a real
estate investor.
● Sell and walk away.
● Seller financing.
● Lease option.
● 1031 into another investment property.
● Cash-out refinance.
● Pass it on to heirs.

Advertising and marketing

We know it’s difficult to identify all the important avenues

for your online marketing activities. To help you out, we
have picked some areas in which you have to
concentrate.

1. Start Marketing Yourself in Zillow

If you are in the real estate industry, we are sure that you
will know the importance of Zillow. It is one of the primary
resources for many buyers who want to research
prospective properties. In 2019, Zillow received 196
million monthly unique users. So, make sure you are on
Zillow.

Create a profile here and ask your clients to add a review.

The number of contacts you receive from here will really
surprise you. Plus, you can run ads on Zillow once you
have created a good profile for yourself.

2. Offer Home Valuation to Capture Leads

Include a home valuation landing page on your website so

property owners can come and get an estimate of how
much their house will cost with no charges. In exchange
for this information, you can get the contact details of the
user.

There are two types of home valuation landing pages you

can create – Instant valuation and delayed valuation. For
 an instant valuation, you need to build one too. For that,
you can hire a dedicated developer to create a custom tool
or use existing tools like Real Geeks and integrate it
directly into your website. In delayed valuation, you have to
go the extra mile and inspect the property to give an
estimate. Experiment with both these methods and see
which one gives you good results.
Here’s how the home evaluation looks on the
HomeOwners Alliance website.

3. Provide a Complimentary Moving Truck

With the real estate market booming, you must find a way
to stand out from the competition. As a real estate agent,
one way in which you can accomplish this is by leasing a
moving truck to clients. It is considered as a moving
billboard. You can park it strategically in high-traffic areas
when the truck is not in use. When there are local events
such as home or boat shows, you can move your truck to
that location.

Vision

Our vision is to be the leading real estate service provider

in the region and the preferred place of employment for
real estate professionals. We consistently strive to
develop collaborative partnerships, based on
transparency and mutual trust, which serve to build
 enduring client relationships. As we expand, we’re
committed to these principles, which have served our
company and clients through the years.

Organization Structure