According to October 2012’s Quarterly Survey of Apartment Market Conditions conducted by the National Multi Housing Council (NMHC), the apartment market expanded this quarter, making it the seventh such quarter of growth in a row. The survey defines a growing quarter by a series of metrics that take into account market tightness, equity financing, debt financing, and sales volume. If these metrics all come in at over fifty, the NMHC declares the quarter a growing one. 

While this comes as good news, the survey indicates a moderating trend. Much of the industry’s success stems from healthy demand caused by the housing market collapse and the credit crunch preventing more apartment complexes from breaking ground. Those conditions still generally reign today but with more moderation. Though credit remains tight, it is easier to get than in 2010, hence the less impressive growth of this quarter when compared to earlier examples. 

About the Author: George Subraj, a real estate professional with decades of experience in the apartment industry, works as President for Zara Realty.


Guyana faces a shortage of pathologists as the current cohort continues to age and enter retirement, according to a report in Kaieteur News Online. The situation prompted the Ministry of Health to call on registered doctors to enroll in training programs in the discipline.

Pathology focuses on the causes and effects of diseases, particularly with regard to diagnostic and forensic purposes. Ministry officials pointed out that the oldest pathologist in the country is 63 years old, while the youngest is only a few years younger.

The government has created a scholarship program to encourage young physicians to enter the field. In addition, a number of overseas universities and clinical centers have entered into arrangements with the University of Guyana and Georgetown Public Hospital Corporation to create programs that meet international standards. Graduates of the programs will be expected to serve in regions throughout the country.

About George Subraj: Born in Guyana, George Subraj is a successful real estate executive in New York City who donates significant funds to medical causes in his native country.

For New Yorkers seeking to find a place to raise their families, Queens offers excellent opportunities for first-time buyers. With the most green space of New York City’s five boroughs, Queens enjoys a reputation as a place of strong communities, safety, and a good real estate outlook.

Industry watchers expect Queens to experience a bit of an upturn in 2013, similar to what took place in Brooklyn five years ago. Strong areas include Astoria, Long Island City, Rego Park, and Forest Hills. Other up-and-coming locations include Middle Village, Ridgewood, Woodside, and Glendale, where the cost of goods is significantly lower than in Manhattan.

Home prices appear to be trending down, which should enhance the borough’s popularity. The average cost of a home in Queens stands at just over $390,000.

About George Subraj: A native of Guyana, George Subraj has more than 30 years of experience as a real estate executive in New York City. He currently heads Zara Realty, which services Queens and Long Island.

A dedicated humanitarian and current owner of Zara Realty in New York, George Subraj hails from the South American country of Guyana. A small, former colonial nation located on the Guiana Shield in the northeastern portion of the continent, Guyana plays host to a number of distinctive natural features and historical sites, which attract tourism from all over the world. Here is a brief look at some of the most popular travel destinations in Guyana.

Kaieteur Falls: A 741-foot tall waterfall located in the Potaro-Siparuni region of Guyana, Kaieteur Falls possesses one of the most impressive combinations of height and volume among all world waterfalls. Although the exact strength of its water flow is unknown, many sources rank it as one of the most powerful in the world. In recent years, Kaieteur Falls has become one of the largest tourist attractions in Guyana, owing to its proximity to a small airstrip that connects to the major airports in the capital city of Georgetown.

Iwokrama Forest: One of the most pristine areas of tropical rainforest in the world, the Iwokrama Forest enjoys a high level of biodiversity and has remained relatively untouched by modern human activity. Covered by a dense canopy some 20 to 30 meters in the air, the Forest plays host to rare species such as the giant anteater, which has become extinct in the majority of its former habitats. One can also find an extraordinary diversity in the Iwokrama Forest, including more than 400 species of fish, approximately 500 species of birds, and nearly 100 species of bats.

St. George’s Cathedral: Located in the heart of Georgetown, St. George’s Cathedral is currently the second tallest wooden house of worship in the world. Designed by Sir Arthur Blomfield in 1889, St. George’s Cathedral is a significant historical landmark in Guyana and contains a wealth of information and artifacts from the small South American nation’s colonial past.

To learn more about tourism opportunities in Guyana, visit the country’s official visitor website at

The easternmost of the five boroughs of New York City, Queens sits on the western end of Long Island. First settled by the Dutch in 1635, and established as part of New York City in 1898, it’s connected to Manhattan by bridge, tunnel and subway. The borough has the distinction of being the most diverse county in the nation, with nearly half of its two million residents foreign-born. Covering 109 square miles, Queens has many residential communities, as well as industrial and commercial centers.

Among the most popular of the borough’s features is the beach area known as the Rockaways. New York City’s major airports—La Guardia and John F. Kennedy International—are both located in Queens. One of the best known annual sporting events, the U.S. Open Tennis tournament, takes place at the Billie Jean King National Tennis Center in Flushing, Queens.

George Subraj is the president of Zara Luxury Apartments and Homes, in Jamaica, Queens, New York.

Guyana Watch Inc.

August 30, 2012

A prominent real estate rental company located in the New York City borough of Queens, Zara Realty currently maintains a number of high quality properties in the neighborhood of Jamaica. Founded in 1981 by George Subraj, Zara Realty has grown into one of the most recognizable names in Jamaica rental services. In addition to his success with Zara Realty, Subraj has also demonstrated a firm commitment to humanitarian work, namely in his home country of Guyana in South America. In particular, he joined the Medical Outreach Team of Guyana Watch Inc. in 1992.

Since its inception nearly two decades ago, Guyana Watch has operated as an international nonprofit organization designed to provide medical assistance and health care to the people of Guyana. To accomplish its mission, Guyana Watch draws on a network of outreach clinics in the South American country, supplying 10 to 15 doctors and providing free medical treatment for some 3,000 people each year. In some cases, Guyana Watch also supplies funding for complex procedures such as heart surgery, which can require overseas travel and visits to specialists. In 1998, Guyana Watch successfully sponsored a team of ophthalmologists who performed nearly 60 cataract surgeries in Guyana and other countries around the world.

In addition to the organization’s work with medical treatments and health care, Guyana Watch also supports education in medicine and related sciences. To bolster the educational efforts of the University of Guyana Berbice, Guyana Watch financed the construction of a large computer workstation and laboratory. In 2007, Guyana Watch established a pair of scholarships in biology and chemistry at the University of Guyana Berbice as well as the school’s Georgetown Campus.

To learn more about the activities of Guyana Watch Inc., visit the website at

by George Subraj

For people who do not practice the Hindu faith or have little acquaintance with its rituals,  entering a Hindu temple, or mandir, can often cause feelings of confusion and being out-of-place. While the Hindu tradition welcomes all who seek enlightenment and peace, it seems natural that a newcomer might wonder if he or she is behaving in according with the practices of the mandir.

In most cases, mandirs devote themselves to a presiding deity and perhaps subordinate deities associated with the lead deity. Some mandirs, however, focus on several deities or even events. While many mandirs in India or Asia trace their roots back hundreds of years, those in the United States serve not only as places of worship but also as cultural gathering spots for the faithful.

Those who are visiting a mandir for the first time often enjoy their experience more if they understand a bit about the etiquette observed by Hindus in their temples. The purpose of these customs involves veneration and respect for the creation of Brahma. Often in the entrance to a mandir, newcomers notice an area set aside for shoes. Most mandirs ask that visitors remove their shoes before entering. In some areas, newcomers express surprise to see birds, stray animals, and even sacred cows in the mandir. This custom reinforces the Hindu belief that humankind must share this temporal world with all members of the animal kingdom. The faithful often bring such offerings as flowers and fruit in homage to the prayer and worship that takes place in the mandir. To show respect for their surroundings, worshippers keep their hands folded while in the mandir or temple.

About the author: Humanitarian George Subraj is the President of the New York real estate company Zara Realty Holding Corp. He recently donated an elevator to the Prem Bhakti Mandir in New York to ensure that those who could not move easily from floor to floor of the mandir could practice their devotions more comfortably.