Franchise India, RE/MAX launch luxury vertical office

The RE/MAX Collection caters to the high-end affluent homebuyers and sellers around the world. This is the first ever dedicated bureau in the country that will cater to this segment.

By Author  |  Business Bureau  |  Published: 10th Feb 2018  9:59 pmUpdated: 11th Feb 2018  1:08 am
Franchise India
The joint venture entity is aiming to clock Rs 300 crore worth business in the next fiscal.

Hyderabad: Real estate networks and lifestyle company, RE/MAX India in association with Franchise India, a franchising company, have jointly launched their new vertical – The RE/MAX Collection in India.

The new division, based in Hyderabad will focus on highly premium homes segment offer comprehensive commercial, residential, renting and leasing services specialising in strategic asset management and positioning.

With this, the company aspires to do business worth Rs 300 crore within the next fiscal FY2018-19. This venture will cater to cities in Telangana and AP region. RE/MAX hopes to expand this to other cities in the country as well.

The RE/MAX Collection caters to the high-end affluent homebuyers and sellers around the world. This is the first ever dedicated bureau in the country that will cater to this segment.

Commenting on the opening of the facility, Yatin Sharma, COO, RE/MAX said, “The RE/MAX Collection offers elegance, sophistication and much more to well-heeled homebuyers and sellers in the country. This office would provide exclusive client services through, specialised, trained and distinctive marketing tools delivered through certified and licensed Re/Max Business Associates. They are fully-equipped to serve discerning clients looking at premium properties, collection homes, investment assets, luxury homes, and holiday homes across India and the world.”

“This is the first RE/MAX collections office in India, it’s primarily into ultra-luxury segment, asset management, portfolio management and international properties tie -ups. They will be anchored into joint venture and exclusivity deals across the State also pertaining to various other products like mall leasing and PMC (project management consulting),” he added.

“Abhishek Chitkal who heads the franchisee office on behalf of his other four partners comes from a rich educational and professional background, has studied and worked in USA. After utilising the services of RE/MAX in USA, he was impressed so much that once upon his return to India he took up the Collections office franchise.” Krishan Malhotra, State Head – Andhra Pradesh and Telangana said.

“Hyderabad is the fourth largest market for luxury & NRI property in India. This expansion into commercial real estate makes The RE/MAX Collection, the real estate networks of choice for residential, new developments and the commercial worlds. As we continue to experience rapid growth in Hyderabad, commercial development and real estate ranks high for investors. The RE/MAX Collection – luxury office will further strengthen the brand and allow the team to be the provider for our clients and their dream projects. The team will handle leasing, tenant representation and investment sales for office, industrial, retail, medical, special purpose, flex, and multi-family spaces.” Gaurav Marya, chairman, Franchise India said.

RE/MAX was founded in 1973, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with independence. Over 1,15,000 agents provide RE/MAX a global reach of more than 100 countries and territories. RE/MAX, LLC, one of the world’s leading franchisors of real estate brokerage services, is a wholly-owned subsidiary of RMCO, LLC, which is controlled and managed by RE/MAX Holdings, Inc.

In India, the RE/MAX concept combines maximum commissions and the best support services to attract top agents and will also increase the number of new entrants to the real estate industry. At RE/MAX, agents share office overheads, pay management fee, and in return receive a variety of real estate services like international as well as national referrals, high commissions, benefits from national as well as region centric campaigns, training and growing market share.