RE/MAX India to achieve sale of Rs 300 Cr by 2020 in Pune

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Pune, 7th September 2019: RE/MAX India, the Indian arm of the global leader in real estate broking network announced its expansion plans for the city of Pune at its Realty Partners Meet on 7th September, 2019. RE/MAX India plans to achieve sale of INR 300 Cr by 2020 only from Pune Market. This multi-billion-dollar real estate Networks Company aims to earn INR 1000 Cr within the next fiscal FY2019-20 from PAN India. It also stated Pune to be hot and fastest growing market for Real estate after a prolonged down cycle in the sector. The brand has a vast network of 150 agents with 8 offices in the city.

Sahil Kapoor, Director, Sales & Operations, RE/MAX India said, “It is a great opportunity for us, at RE/MAX India to aggressively take advantage of the scenario as real estate market in India is picking up in a big way after a persistent period of stress, so as Pune Market is showing signs of great recovery. The Market has seen a growth of 6% increase in sales of housing unit, the launch of new projects has also grown by 52% during the first half of the year. As per Ease of Living Index 2018 released by the Ministry of Housing and Urban Affairs, out of the 11 cities surveyed, Pune emerged as the most live able city India. The Index takes into account economic factors, physical infrastructure, social infrastructure, and institutions and governance. Secondly, the best part is that this industry is still controlled by the real estate agents in Pune. Agents are the ones that form the chief mode of communication between the buyer and the seller. This sector demands to go “hyper-local”, this is a time when brokers and agents are empowered more than ever to be the trusted local source for real estate market. I feel we have everything working in favor to achieve the target sales number and contribute to the industry to boom in the city”

Adding to it, Mr. Gaurav Marya, MD & CEO, RE/MAX India, said “Pune has always been one of the steadiest and major real estate markets in the country and it is one of the few major markets with mega projects planned by leading developers in high-growth clusters. Moreover, Pune has the highest number of software companies (212), followed by Bangalore (208) and Hyderabad (97). Pune is ranked number one in terms of education, with the highest number of colleges (35). All these factors make Pune a favorite destination, in terms of real estate growth. This is why Pune’s realty developers continue to introduce new residential projects in all budget categories – mid-income housing, affordable housing, and even in the super-luxury category. RE/MAX India strategically work and grow with many of the most talented agents in the business spread across the city. We enable them with in-depth training and knowledge so as to ensure that these agents are able to leverage the market opportunities, fulfil customer’s need in terms of buying or selling property, be it residential or commercial whereby making profits for them as well.

The real estate market is all set for a bumper year ahead due to the trends which has the power to reshape its landscape in the country, so as with the recent development plans and FDIs in Pune has given rise to the realty market in Pune.