It's
boom time for Bangalore's Real Estate!Feroze Abdulla,
the proprietor of Feroze's Estate Agency, the city's
leading real estate consultants, is delighted at the present scenario
in the city, but insists that Bangalore still lacks properinfrastructural
facilities. He speaks of the emerging real estate trends in
the city.
When was 'Feroze's Estate Agency' established? " This
establishment has been there for almost 20 years now!
It was I who started this in 1980. I discontinued my
studies and as I owned this property of 2 acres, I thought
of starting a Real Estate Agency here.
This place used to be a horse stable during those days! I started
from scratch with only one employee then and today I have 30 people
with me here!"
On how he maintains on edge over his competitors… "
We advertise a lot in the media. But in this business, trust
is a very important factor. Integrity and the
art of retaining customers is absolutely necessary.
We never compromise when it comes to looking after the client's
requirements, and that is the reason why even my 20-year-old
clients still come back to me. We are pampered
too much by our clients. It is my ethics to respect
people's money and their interests as it really
pays you in the long run. At the moment, we have a lot of MNC's
associated with us because of our professionalism."
What is the present real estate scenario in Bangalore? "Two
years ago there
was a downswing in the business and that period was rightly
called the 'Doom Days' for the city. But today Bangalore
being the IT hub of the world, the city is flooded with
MNC's and this is salvaging the real estate industry.
There is major business and the industry has stabilized. MNC's have
done us good as office space requirement have gone up
now."
How is the present infrastructural developments rubbing off
on real estate business? " Any city's success is based on
its infrastructural facility. Bangalore's infrastructural facilities
have been grossly neglected! There are so many fly-overs
on the anvil, but when are they all going to finally come up?
We shouldn't have setbacks as these are a big obstruction in any development."
The charges levied by them… " We charge 1 percent
for the buyers, two percent for the sellers and
one month's rent for renting out a place."
His general advice to the people while approaching an Estate
Agent…
"Always identify the surroundings where
you prefer to reside. Also have a documentation
of all the proceedings, irrespective of the agent.
Employ a lawyer to safeguard you interests and
never forget to find out whether the price being offered is correct
or not."
Frank and very open - this is Feroze Abdulla.
Apart from the real estate business, Feroze is also into a
lot of social work and never hesitates to help the needy.
For more details contact: Feroze Abdulla, Managing Director, Feroze's Estate Agency,
Cunningham Road,
Bangalore-560 052. Phone: 2220 2427
12:11:01 AM 
It's
boom time for Bangalore's Real Estate! Feroze Abdulla,
the proprietor of Feroze's Estate Agency, the city's
leading real estate consultants, is delighted at the present scenario
in the city, but insists that Bangalore still lacks proper infrastructural
facilities. He speaks of the emerging real estate trends in
the city. 
there
was a downswing in the business and that period was rightly
called the 'Doom Days' for the city. But today Bangalore
being the IT hub of the world, the city is flooded with
MNC's and this is salvaging the real estate industry.
There is major business and the industry has stabilized. MNC's have
done us good as office space requirement have gone up
now."
"Always identify the surroundings where
you prefer to reside. Also have a documentation
of all the proceedings, irrespective of the agent.
Employ a lawyer to safeguard you interests and
never forget to find out whether the price being offered is correct
or not." 
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