With growing urbanisation, finding the right property is getting difficult, writes G. V. Prasada Sarma
With growing urbanisation and more housing needs and business opportunities, finding a property that suits one has become a Herculean task.
While budget plays a major role in deciding on the property, with growing disposable incomes but hectic career commitments people find it difficult to scout for a property. The real estate brokerage has caught up in metros.
Recently, RE/MAX, an internationally leading real estate brokerage, has opened its franchisee at Visakhapatnam.
It deals with a host of real estate needs, including residential apartments, villas, row houses, besides business properties, leasing and agricultural land.
Presently it has presence in Hyderabad, Vijayawada, Guntur and Kurnool and associated with 16 top builders offering properties ranging from Rs.16 lakh to Rs. 5 crore, according to A. Balajee Kumar, Regional Head of RE/MAX in Andhra Pradesh.
It has plans to open 30 offices across Andhra Pradesh.
Mr. Balajee Kumar elaborates that while it follows the international model of business, in pricing and fee structure, it followed market conditions in India.
He is of the view that just as stock market and insurance broking had seen unprecedented growth over the last few years, real estate brokerage has huge prospects.
He cites the conditions in the US and Canada where women got big opportunities in brokerage.