www.sefindia.org

STRUCTURAL ENGINEERING FORUM OF INDIA [SEFI]

 Forum SubscriptionsSubscriptions DigestDigest Preferences   FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups  RegisterRegister FAQSecurity Tips FAQDonate
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log in to websiteLog in to websiteLog in to websiteLog in to forum 
Warning: Make sure you scan the downloaded attachment with updated antivirus tools  before opening them. They may contain viruses.
Use online scanners
here and here to upload downloaded attachment to check for safety.

STRUCTURAL ENGINEER'S FEES VS. BROKER FEES
Goto page 1, 2, 3, 4  Next
 
Post new topicReply to topic Thank Post    www.sefindia.org Forum Index -> SEFI General Discussion
View previous topic :: View next topic  
Author Message
alpa_sheth
...
...


Joined: 26 Jan 2003
Posts: 263

PostPosted: Thu Apr 19, 2018 5:33 pm    Post subject: STRUCTURAL ENGINEER'S FEES VS. BROKER FEES Reply with quote

Hi:

The desperate real estate scenario is causing developers to pay up to
15% of the ticket price of a property to the broker. So if we are
looking at Rs 15000/- per sq ft property, the broker is getting Rs
2250/- psft. And in the same scenario, structural engineers are
getting even more squeezed and being paid between Rs 4 to max Rs 12
psft.

Us poor engineers can not imagine that a broker can get RS 2250 psf
brokerage for a building we may be getting just Rs 10 psf for design!

What kind of a skewed world do we live in??

best regards,

Alpa

**********************

Real estate: Developers turn to marketing firms to boost sales

Property firms are forming partnerships with specialized marketing
firms such as Anarock, Xanadu Realty and Sai Estate for aggressive
sales strategy to tide over a realty slowdown that's lasted for over
four years now

Mint/Last Published: Wed,Apr 18 2018.

By Madhurima Nandy Bidya Sapam

Bengaluru/Mumbai: At a recent Mumbai fashion event, sales and
marketing campaigns for two residential property projects were
launched to an audience that included Bollywood actors and socialites.

The developers of the projects - Unity by Lotus Group, and The White
Villa by StAngelo's VNCT Ventures, designed by Suzanne Khan had
outsourced the marketing to real estate brokerage firm Sai Estate
Consultants for a fee of around 15% of the project revenue. This is
becoming increasingly common.

................ Article Source :
https://www.livemint.com/Companies/vpMwPMzgIFyfXgXtC63RAN/Real-estate-Developers-turn-to-marketing-firms-to-boost-sal.html

Posted via Email
Back to top
View user's profile Send private message
suneelbalani
SEFI Member
SEFI Member


Joined: 18 Apr 2016
Posts: 1

PostPosted: Thu Apr 19, 2018 6:30 pm    Post subject: STRUCTURAL ENGINEER'S FEES VS. BROKER FEES Reply with quote

Respected Ma'am,I guess scenario in Gujarat is different.
Brokarage by that you mean the charge of the middle man who works as a negotiater between buyer (Individuals or firm) and seller (developer and builders).
If that is true then, in recent case few days back I have some contact which works as broker and their fees generally lies to 1% of base value (The amount that is done in white money).
In some cases it goes to even 0.5% if buyer negotiate or amount is whopping large.
15% Brokarage might be in Maharashtra or in metro cities but that is not the case at least in Gujarat.


Though I agree with the point "Structure Engineer are Underpaid"


Who is responsible?


WE, OURSELVES


In order to get work, we even go to 1-2 rs sq ft.
If we standardize the fees, this can be avoided.




Regards


On Thu, Apr 19, 2018, 11:05 PM alpa_sheth <forum@sefindia.org (forum@sefindia.org)> wrote:

Quote:
           Hi:

The desperate real estate scenario is causing developers to pay up to
15% of the ticket price of a property to the broker. So if we are
looking at Rs 15000/- per sq ft property, the broker is getting Rs
2250/- psft. And in the same scenario, structural engineers are
getting even more squeezed and being paid between Rs 4 to max Rs 12
psft.

Us poor engineers can not imagine that a broker can get RS 2250 psf
brokerage for a building we may be getting just Rs 10 psf for design!

What kind of a skewed world do we live in??

best regards,

Alpa

*************

Real estate: Developers turn to marketing firms to boost sales

Property firms are forming partnerships with specialized marketing
firms such as Anarock, Xanadu Realty and Sai Estate for aggressive
sales strategy to tide over a realty slowdown that's lasted for over
four years now

Mint/Last Published: Wed,Apr 18 2018.

By Madhurima Nandy Bidya Sapam

Bengaluru/Mumbai: At a recent Mumbai fashion event, sales and
marketing campaigns for two residential property projects were
launched to an audience that included Bollywood actors and socialites.

The developers of the projects - Unity by Lotus Group, and The White
Villa by StAngelo's VNCT Ventures, designed by Suzanne Khan—had
outsourced the marketing to real estate brokerage firm Sai Estate
Consultants for a fee of around 15% of the project revenue. This is
becoming increasingly common.

................ Article Source :
https://www.livemint.com/Companies/vpMwPMzgIFyfXgXtC63RAN/Real-estate-Developers-turn-to-marketing-firms-to-boost-sal.html
     



     



Posted via Email
Back to top
View user's profile Send private message
ajugia
SEFI Member
SEFI Member


Joined: 16 Nov 2012
Posts: 2

PostPosted: Thu Apr 19, 2018 6:30 pm    Post subject: STRUCTURAL ENGINEER'S FEES VS. BROKER FEES Reply with quote

Are we not part of creating such situation?
How many of us are adopting scale of fees structure recommended by CDC (Consulting Development Centre) while quoting?

Regards,
N M Ajugia


From: alpa_sheth [mailto:forum@sefindia.org]
Sent: 19 April 2018 11:05 PM
To: general@sefindia.org
Subject: [SEFI] Re: STRUCTURAL ENGINEER'S FEES VS. BROKER FEES



Hi:

The desperate real estate scenario is causing developers to pay up to
15% of the ticket price of a property to the broker. So if we are
looking at Rs 15000/- per sq ft property, the broker is getting Rs
2250/- psft. And in the same scenario, structural engineers are
getting even more squeezed and being paid between Rs 4 to max Rs 12
psft.

Us poor engineers can not imagine that a broker can get RS 2250 psf
brokerage for a building we may be getting just Rs 10 psf for design!

What kind of a skewed world do we live in??

best regards,

Alpa

*************

Real estate: Developers turn to marketing firms to boost sales

Property firms are forming partnerships with specialized marketing
firms such as Anarock, Xanadu Realty and Sai Estate for aggressive
sales strategy to tide over a realty slowdown that's lasted for over
four years now

Mint/Last Published: Wed,Apr 18 2018.

By Madhurima Nandy Bidya Sapam

Bengaluru/Mumbai: At a recent Mumbai fashion event, sales and
marketing campaigns for two residential property projects were
launched to an audience that included Bollywood actors and socialites.

The developers of the projects - Unity by Lotus Group, and The White
Villa by StAngelo's VNCT Ventures, designed by Suzanne Khan—had
outsourced the marketing to real estate brokerage firm Sai Estate
Consultants for a fee of around 15% of the project revenue. This is
becoming increasingly common.

................ Article Source :
https://www.livemint.com/Companies/vpMwPMzgIFyfXgXtC63RAN/Real-estate-Developers-turn-to-marketing-firms-to-boost-sal.html

Posted via Email
Back to top
View user's profile Send private message
Dr. N. Subramanian
General Sponsor
General Sponsor


Joined: 21 Feb 2008
Posts: 5430
Location: Gaithersburg, MD, U.S.A.

PostPosted: Thu Apr 19, 2018 6:46 pm    Post subject: Re: STRUCTURAL ENGINEER'S FEES VS. BROKER FEES Reply with quote

Dear Er Alpa,

It is really unfortunate that the structural engineers, who with their Master's degree and several years of professional experience and investment in hardware and software, in addition to breaking heads over complex codal stipulations, can get Rs. 4 or Rs. 5 only whereas brokers who may spend some money in advertisement and some office space could muster Rs. 2250 psft for a  Rs 15000/- per sq ft property! In USA, the brokers get up to 6 percent only! Jai Hind!

Warm regards,
NS
alpa_sheth wrote:
Hi:

The desperate real estate scenario is causing developers to pay up to
15% of the ticket price of a property to the broker. So if we are
looking at Rs 15000/- per sq ft property, the broker is getting Rs
2250/- psft. And in the same scenario, structural engineers are
getting even more squeezed and being paid between Rs 4 to max Rs 12
psft.

Us poor engineers can not imagine that a broker can get RS 2250 psf
brokerage for a building we may be getting just Rs 10 psf for design!

What kind of a skewed world do we live in??

best regards,

Alpa

**********************

Real estate: Developers turn to marketing firms to boost sales

Property firms are forming partnerships with specialized marketing
firms such as Anarock, Xanadu Realty and Sai Estate for aggressive
sales strategy to tide over a realty slowdown that's lasted for over
four years now

Mint/Last Published: Wed,Apr 18 2018.

By Madhurima Nandy Bidya Sapam

Bengaluru/Mumbai: At a recent Mumbai fashion event, sales and
marketing campaigns for two residential property projects were
launched to an audience that included Bollywood actors and socialites.

The developers of the projects - Unity by Lotus Group, and The White
Villa by StAngelo's VNCT Ventures, designed by Suzanne Khan had
outsourced the marketing to real estate brokerage firm Sai Estate
Consultants for a fee of around 15% of the project revenue. This is
becoming increasingly common.

................ Article Source :
https://www.livemint.com/Companies/vpMwPMzgIFyfXgXtC63RAN/Real-estate-Developers-turn-to-marketing-firms-to-boost-sal.html

Posted via Email
Back to top
View user's profile Send private message
mohd_arastu
SEFI Regulars
SEFI Regulars


Joined: 21 Dec 2011
Posts: 21
Location: Delhi

PostPosted: Thu Apr 19, 2018 7:30 pm    Post subject: STRUCTURAL ENGINEER'S FEES VS. BROKER FEES Reply with quote

Dear Sir

I really respect your words, but we are living in a country when a structural engineer quote a fee (say X amount) other structural engineer quote (amount of 0.5X). We do not have unity, integrity & ethics to get the work order professionally.


On Thu, Apr 19, 2018 at 11:04 PM, alpa_sheth <forum@sefindia.org (forum@sefindia.org)> wrote:
Quote:
           Hi:

The desperate real estate scenario is causing developers to pay up to
15% of the ticket price of a property to the broker. So if we are
looking at Rs 15000/- per sq ft property, the broker is getting Rs
2250/- psft. And in the same scenario, structural engineers are
getting even more squeezed and being paid between Rs 4 to max Rs 12
psft.

Us poor engineers can not imagine that a broker can get RS 2250 psf
brokerage for a building we may be getting just Rs 10 psf for design!

What kind of a skewed world do we live in??

best regards,

Alpa

*************

Real estate: Developers turn to marketing firms to boost sales

Property firms are forming partnerships with specialized marketing
firms such as Anarock, Xanadu Realty and Sai Estate for aggressive
sales strategy to tide over a realty slowdown that's lasted for over
four years now

Mint/Last Published: Wed,Apr 18 2018.

By Madhurima Nandy Bidya Sapam

Bengaluru/Mumbai: At a recent Mumbai fashion event, sales and
marketing campaigns for two residential property projects were
launched to an audience that included Bollywood actors and socialites.

The developers of the projects - Unity by Lotus Group, and The White
Villa by StAngelo's VNCT Ventures, designed by Suzanne Khan—had
outsourced the marketing to real estate brokerage firm Sai Estate
Consultants for a fee of around 15% of the project revenue. This is
becoming increasingly common.

................ Article Source :
https://www.livemint.com/Companies/vpMwPMzgIFyfXgXtC63RAN/Real-estate-Developers-turn-to-marketing-firms-to-boost-sal.html
     



     



Posted via Email
Back to top
View user's profile Send private message
SATYAPAUL
General Sponsor
General Sponsor


Joined: 18 Sep 2008
Posts: 127

PostPosted: Thu Apr 19, 2018 10:30 pm    Post subject: STRUCTURAL ENGINEER'S FEES VS. BROKER FEES Reply with quote

Engineers do not directly contribute to builder's profit.Engineers have to charge for structural design  activity,Builders make profit because of structure's location,where as engineers have no role in land's  importance.This is the reason Engineers are paid for their design activity only. regards satya pal  On Thu, 19 Apr 2018 23:04:53 +0530 "alpa_sheth"  wrote >                   Hi:  >  > The desperate real estate scenario is causing developers to pay up to > 15% of the ticket price of a property to the broker. So if we are > looking at Rs 15000/- per sq ft property, the broker is getting Rs > 2250/- psft. And in the same scenario, structural engineers are > getting even more squeezed and being paid between Rs 4 to max Rs 12 > psft.  >  > Us poor engineers can not imagine that a broker can get RS 2250 psf > brokerage for a building we may be getting just Rs 10 psf for design!  >  > What kind of a skewed world do we live in??  >  > best regards,  >  > Alpa  >  > *************  >  > Real estate: Developers turn to marketing firms to boost sales  >  > Property firms are forming partnerships with specialized marketing > firms such as Anarock, Xanadu Realty and Sai Estate for aggressive > sales strategy to tide over a realty slowdown that's lasted for over > four years now  >  > Mint/Last Published: Wed,Apr 18 2018.  >  > By Madhurima Nandy Bidya Sapam  >  > Bengaluru/Mumbai: At a recent Mumbai fashion event, sales and > marketing campaigns for two residential property projects were > launched to an audience that included Bollywood actors and socialites. >  > The developers of the projects - Unity by Lotus Group, and The White > Villa by StAngelo's VNCT Ventures, designed by Suzanne Khan—had > outsourced the marketing to real estate brokerage firm Sai Estate > Consultants for a fee of around 15% of the project revenue. This is > becoming increasingly common. >  > ................ Article Source : > https://www.livemint.com/Companies/vpMwPMzgIFyfXgXtC63RAN/Real-estate-Developers-turn-to-marketing- firms-to-boost-sal.html >       > >  >  > --

Posted via Email
Back to top
View user's profile Send private message
anil1970
SEFI Member
SEFI Member


Joined: 02 Aug 2013
Posts: 7

PostPosted: Fri Apr 20, 2018 1:30 am    Post subject: STRUCTURAL ENGINEER'S FEES VS. BROKER FEES Reply with quote

Thanks for sharing a nice topic. A broker is a business partner to a builder because now a days it's difficult to sale a hot cake in the market. When it becomes a seller's market, builder sidelines the broker. This is the past experience. We as a structural engineer or architect are like maid servents who keep the building clean to show up to date building. Building work is a jugglery of lines for which we are said to be expert. After completion of the project, builder always reward you a certificate, tumne kya Kiya ???Anil Dhope
Structural engineer
Jabalpur
9425188585


On Thu, Apr 19, 2018, 23:05 alpa_sheth <forum@sefindia.org (forum@sefindia.org)> wrote:

Quote:
           Hi:

The desperate real estate scenario is causing developers to pay up to
15% of the ticket price of a property to the broker. So if we are
looking at Rs 15000/- per sq ft property, the broker is getting Rs
2250/- psft. And in the same scenario, structural engineers are
getting even more squeezed and being paid between Rs 4 to max Rs 12
psft.

Us poor engineers can not imagine that a broker can get RS 2250 psf
brokerage for a building we may be getting just Rs 10 psf for design!

What kind of a skewed world do we live in??

best regards,

Alpa

*************

Real estate: Developers turn to marketing firms to boost sales

Property firms are forming partnerships with specialized marketing
firms such as Anarock, Xanadu Realty and Sai Estate for aggressive
sales strategy to tide over a realty slowdown that's lasted for over
four years now

Mint/Last Published: Wed,Apr 18 2018.

By Madhurima Nandy Bidya Sapam

Bengaluru/Mumbai: At a recent Mumbai fashion event, sales and
marketing campaigns for two residential property projects were
launched to an audience that included Bollywood actors and socialites.

The developers of the projects - Unity by Lotus Group, and The White
Villa by StAngelo's VNCT Ventures, designed by Suzanne Khan—had
outsourced the marketing to real estate brokerage firm Sai Estate
Consultants for a fee of around 15% of the project revenue. This is
becoming increasingly common.

................ Article Source :
https://www.livemint.com/Companies/vpMwPMzgIFyfXgXtC63RAN/Real-estate-Developers-turn-to-marketing-firms-to-boost-sal.html
     



     



Posted via Email
Back to top
View user's profile Send private message
anubhav
SEFI Member
SEFI Member


Joined: 21 Dec 2017
Posts: 2

PostPosted: Fri Apr 20, 2018 2:30 am    Post subject: STRUCTURAL ENGINEER'S FEES VS. BROKER FEES Reply with quote

Yes, it the bitter truth we all are facing. Some organization should be there to state a minimum consultation fee.
On 20-Apr-2018 3:35 AM, "alpa_sheth" <forum@sefindia.org (forum@sefindia.org)> wrote:
Quote:
           Hi:

The desperate real estate scenario is causing developers to pay up to
15% of the ticket price of a property to the broker. So if we are
looking at Rs 15000/- per sq ft property, the broker is getting Rs
2250/- psft. And in the same scenario, structural engineers are
getting even more squeezed and being paid between Rs 4 to max Rs 12
psft.

Us poor engineers can not imagine that a broker can get RS 2250 psf
brokerage for a building we may be getting just Rs 10 psf for design!

What kind of a skewed world do we live in??

best regards,

Alpa

*************

Real estate: Developers turn to marketing firms to boost sales

Property firms are forming partnerships with specialized marketing
firms such as Anarock, Xanadu Realty and Sai Estate for aggressive
sales strategy to tide over a realty slowdown that's lasted for over
four years now

Mint/Last Published: Wed,Apr 18 2018.

By Madhurima Nandy Bidya Sapam

Bengaluru/Mumbai: At a recent Mumbai fashion event, sales and
marketing campaigns for two residential property projects were
launched to an audience that included Bollywood actors and socialites.

The developers of the projects - Unity by Lotus Group, and The White
Villa by StAngelo's VNCT Ventures, designed by Suzanne Khan—had
outsourced the marketing to real estate brokerage firm Sai Estate
Consultants for a fee of around 15% of the project revenue. This is
becoming increasingly common.

................ Article Source :
https://www.livemint.com/Companies/vpMwPMzgIFyfXgXtC63RAN/Real-estate-Developers-turn-to-marketing-firms-to-boost-sal.html
     



     



Posted via Email
Back to top
View user's profile Send private message
AYSHA
SEFI Member
SEFI Member


Joined: 04 Nov 2016
Posts: 1

PostPosted: Fri Apr 20, 2018 2:30 am    Post subject: STRUCTURAL ENGINEER'S FEES VS. BROKER FEES Reply with quote

I want to know about internships regarding to structural engineering. On Apr 20, 2018 6:18 AM, "mohd_arastu" <forum@sefindia.org (forum@sefindia.org)> wrote:[quote]            Dear Sir

I really respect your words, but we are living in a country when a structural engineer quote a fee (say X amount) other structural engineer quote (amount of 0.5X). We do not have unity, integrity & ethics to get the work order professionally.


On Thu, Apr 19, 2018 at 11:04 PM, alpa_sheth forum@sefindia.org (forum@sefindia.org))> wrote:
      --auto removed--

Posted via Email
Back to top
View user's profile Send private message
rajesh_sharma
SEFI Member
SEFI Member


Joined: 07 Dec 2012
Posts: 5

PostPosted: Fri Apr 20, 2018 4:30 am    Post subject: STRUCTURAL ENGINEER'S FEES VS. BROKER FEES Reply with quote

All,Engineers can demand respect only when there is uniformity in professional skill set and awareness about the role of structural engineers. 30 years back same was happening in US engineering field. Then they started fixing their own house first by making structural engineers associations which can regulate the professional expertise. Nobody can stamp the dwgs there except the PE title holders. They lobbied with govt agencies/code committees and were able to give a premium status to engineers. But in India, Architects/builders call the shots. They only need structural engineer's stamp for documentation purpose. I have seen Architect paying 1000 rupees to structural engineer for only signing and stamping the dwgs. Architect did all the member sizing and design. So first of all, as a structural engineer we have to feel proud of our work then only we can command respect from others.


Thanks
Rajesh


On Fri, Apr 20, 2018 at 6:17 AM, mohd_arastu <forum@sefindia.org (forum@sefindia.org)> wrote:
[quote]            Dear Sir

I really respect your words, but we are living in a country when a structural engineer quote a fee (say X amount) other structural engineer quote (amount of 0.5X). We do not have unity, integrity & ethics to get the work order professionally.


On Thu, Apr 19, 2018 at 11:04 PM, alpa_sheth forum@sefindia.org (forum@sefindia.org))> wrote:
      --auto removed--

Posted via Email
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topicReply to topic Thank Post    www.sefindia.org Forum Index -> SEFI General Discussion All times are GMT
Goto page 1, 2, 3, 4  Next
Page 1 of 4

 

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You can download files in this forum


© 2003, 2008 SEFINDIA, Indian Domain Registration
Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. advertisement policy