RE/MAX India to invest 100 Cr by 2020 for expansion PAN India

~Plans to employ 5000 brokers in next 5 years~

Bangalore, December 5, 2018: RE/MAX India, the Indian arm of the global leader in real estate braking along with Franchise India announced its expansion PAN India plans at its convention in Bangalore on 5th December, 2018. RE/MAX India plans to open around 500 offices employing 1000 agents in next 2 years. The company aims to enable aspiring real estate marketers with an opportunity to become full time agents.

Jan Repa, Executive-Difector, RE/MAX LLC said, “It is great moment that real estate market in India is picking up in a big way. Investments by HNIs, private sector, increasing incomes and urbanization has surged the overall demand in the country. Setting up of the RERA is one step towards streamlining the real estate business while making it more transparent. Both residential and commercial real estate are gaining importance thus providing employment opportunities for the aspiring people planning to make their career in the real estate sector. India operations for us have always been significant and we hope to augment the same in the next couple of years.”

Gaurav Marya, Managing Director & CEO, RE/MAX India said, “We are happy to be a part of the real estate sector revival. Post RERA implementation and GST, real estate market in India has shown a positive growth which is expected to reach US$ 1 trillion by 2030. The sector is expected to contribute about 13 percent of the country’s GDP by 2050. Many factors like growing middle class family, nuclear families, changing lifestyles, urbanization and last but not /east the on-growing population has increased the demand for customized homes. Government has announced various incentives to promote affordable homes thus creating new employment opportunities for all ambitious people in the sector. Looking at this growth, we plan to invest about 100 Cr in next 2 years. We hope to attain 5% share of the total Real Estate broking market in India in the next 5 years.”

He further added, “We seek to create employment opportunities for 5000 aspirants who wish to enter real estate market full time by 2023. We hope to enable them with in-depth training and knowledge so as to ensure that these agents make are able to leverage the market opportunities whereby making profits.”

The real estate market is all set for a bumper year ahead due to the trends which has the power to reshape^ landscape.

About RE/MAX:

RE/MAX India stands for superlative reality services and has the largest network of Real Estate professionals in India. RE/Max offers a bouquet of services through its integrated franchise offices and Broker Associates helping end users to buy, sell, rent and lease property. True to its global reputation, RE/Max offers the best Real Estate solutions which are proven in all cycles of market.

City Today News

(Tj vision media)

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