Association of South Asian Real Estate Professions Holds 1st in-person meeting

Association of South Asian Real Estate Professionals, ASARP, held its first in-person meeting in Des Plaines, Chicagoland, Illinois, Tuesday March 22, 2022, evening. Photo: ASARP

After several months of hibernation in zoom meetings due to COVID restrictions, the Association of South Asian Real Estate Professionals, ASARP, held its first in-person meeting in Des Plaines, Chicagoland, Illinois, Tuesday March 22, 2022, evening.

“Our tomorrow starts today,” Shirin Marvi, president of ASARP is quoted as saying in a press release.

ASARP has a commitment to provide leadership the South Asian community requires in order to achieve the cherished objectives of property ownership in and outside US, organizers say.

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The two-hour long program was attended by more than 30 professionals from different areas affecting real estate. The theme was making south Asian realtors more profitable and also on enlightening them on crowd funding and mortgage options.

TR Vishwanathan, director of the Association who has to his credit more than 2,500 residential closings, explained the intricacies of business to young professionals. Pradeep B Shukla, founding president elaborated on how a professional working in the commercial arena could pool together funds for larger projects, through Crowd Funding. He highlighted details of proper management and also explained thin lines that segregate normal funding from stock market regulations. His detailed presentation outlined Fiduciary duties, Risk and Rewards, Equity Structures and brief outlines of Security laws and IRS guidelines on raising funds through crowd funding.

The event was sponsored by Red Door Mortgage Home Loans. Greg Gatto and Abid Hasani from the mortgage company detailed the mortgage intricacies and explained different options available to the buyers of residential properties. Director Raj Patel helped coordinate this event.

Amongst the dignitaries in attendance was Kate Sax, vice president of Professionalism and Career Development. Attending directors and guests included Bhailal Patel, Vithal Patel, Raj Patel, Kanti Patel, Al Haroon Hussain, T Paul Chawla, Harsha Shukla, Sunita Kakarlapudi, Vasanti Bhatt, Bimal and Malti Pandhi, Madhu and Dipti Dave and attorney Nirav Patel.

The ASARP has now planned series of events throughout the year, followed by annual gala in November. Paul and Haroon explained that these events will feature different topics including crypto currencies, Vastu Shastra (Indian version of Feng-sui), apart from professional, legal and economic updates relevant to the industry. Also, ASARP has embarked upon small program of “Taste of South Asia” and accordingly beginning is now made with fabulous south Indian cuisine, as organized by Sunita Kakarlapudi of Sohum Realty. Other programs will feature other different cuisines.

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