RE/MAX India to invest 100 Cr by 2020 for expansion PAN India
New Delhi, December 10, 2018: RE/MAX India, the Indian arm of the global leader in real estate broking along with Franchise India announced its expansion PAN India plans at its convention in Bangalore. RE/MAX India plans to open around 500 offices employing 1000 agents in the next 2 years. The company aims to enable aspiring real estate marketers with an opportunity to become full-time agents.
Jan Repa, Executive Director, RE/MAX LLC said, “It is a great moment that real estate market in India is picking up in a big way. Investments by HNIs, the 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 is gaining importance thus providing employment opportunities for 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 least the on-growing population has increased the demand for customized homes. The 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 a 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 1000 aspirants who wish to enter real estate market full time by 2020. 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 have the power to reshape its landscape.