The Indian arm of the world's largest real estate network, RE/MAX plans to open around 500 offices, employing 1000 agents in the next two years.
Started from a single office in Denver, US, in 1973, RE/MAX is now the world’s #1 real estate franchise brand. RE/MAX is now present in more than 100 countries and territories, having 7,800+ offices and 120,000+ broker agents in the world, becoming the world’s largest real estate network.
RE/MAX’s India operations began in 2009 and since then it has firmed its roots as the number one real estate franchise business in India as well. After it made its way into the Top Franchise 100 Brands list, many aspiring franchisees and budding entrepreneurs want to have a slice of this forever growing franchise network and grow with the RE/MAX franchise.
The reality of Real Estate Business in India which worked in favor of RE/MAX Franchise Network
Real estate has become one of the most profitable sectors thanks to the growing number of business in India and abroad, where businesses are continuously in a lookout to expand, by jumping territories and spreading their wings wide to reach almost every country, state, and city.
Gaurav Marya, Managing Director & CEO, RE/MAX India, said, “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 the next two years. We hope to attain a 5% share of the total real estate broking market in India in the next 5 years.”
The Indian arm of the world's largest real estate network, RE/MAX plans to open around 500 offices, employing 1000 agents in the next two years. It also looks forward to building an opportunity for aspiring real estate marketers to become full-time agents.
Sahil Kapoor, Regional Director, RE/MAX India, says, “Every broker associate, franchise office and institute of RE/MAX, whether owned or independent, has remained very profitable, positive, passionate and proactive to establish the universally successful RE/MAX model.
Our mission remains to be the worldwide real estate leader, achieving our goals by helping others achieve theirs.”
Investment: Rs. 7.5-12.5 Lakhs
Area required: 800-1000 sq.ft
Expected Breakeven: 14 months
The Franchising World, India’s no.1 franchising magazine, identifies the TOP 100 franchise brands and celebrates their achievements every year in its anniversary issue. The issue highlights the established Indian and big global brands that are increasing their positioning in India along with the new-age brands that are lucrative and profitable; expanding fast, and can act as a reference guide for budding entrepreneurs and investors across India.
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