Eyeing a major share in the real estate franchise sector, RE/Max India is looking at opening 500 offices with 5000 associates pan-India. Currently, it has 100 plus offices in 30 + cities across the country.
“We would want a RE/MAX balloon to land in every city in India. The way RE/MAX has grown in the last six years, we plan to open another 500 offices in the coming years,” Sam Chopra, Founder and Chairman, RE/MAX India, shares his company’s expansion plans with Franchise India.
Chopra feels locations like Bhiwadi and Ghaziabad enjoy benefits of emerging as industrial zones and their proximity to Gurgaon and Delhi, respectively, contributes in making them preferred investment destinations. Similarly, Varanasi with its ‘Smart City’ tag and huge tourism potential is another location that has a good potential. Locations like Vadodra, Ahmedabad, Nashik, Kochi, Jaipur, Lucknow, Pune, Bengaluru, Indore etc have a good development potential.
The company has a major thrust on franchising and is positive about its contribution in the real estate sector. “There is a tremendous business opportunity in the field of real estate and with India now becoming a hub of franchisees, a lot of old and established players are expanding their footprints looking for like-minded people who want to take their business to the next league. A lot of international consultancies and brokerage firms are paving their way to the Indian realty market and the investors today trust and rely on real estate consultants like RE/MAX when it comes to fair dealing, commitment and multiple services under one roof,” he adds further.