Century 21 Enters Indian Real Estate Market with Ambitious Expansion Plans
New Delhi: In a significant move, global realty brokerage firm Century 21 Real Estate LLC has announced its foray into the Indian market. The US-based company has outlined plans to establish a robust presence across the country, aiming to open 1,000 offices through a franchisee route.
Pan-India Expansion Strategy
- The company plans to manage its operations through its own offices in 50 strategic locations across India.
- The initial focus will be on metros and Tier I cities, followed by expansion into Tier II and III cities.
Diverse Service Portfolio
- Century 21 India will offer comprehensive services, including:
- Purchase of residential, office, retail, and land spaces
- IT parks
- Rental and leasing services for customers
Maintaining Transparency and Quality
- To ensure seamless operations and uphold service standards, the company will have its own offices in key locations, including:
- Already established: 5 offices in the National Capital Region (NCR)
- Identified for setup: Bangalore, Hyderabad, Goa, Chandigarh, and Chennai
Quotes from Century 21 India Country Head, Mr. Ajay Rathore
- “In the next five years, we plan to have 1,000 offices at a pan-India level, expecting ₹1,000 crore revenue after these sub-franchisees get fully functional.”
- “We will provide services in purchase of office, retail, residential spaces, land, and IT parks. We also plan to have rental and leasing services for our customers.”
About Century 21 Real Estate LLC
- Globally, Century 21 operates over 8,000 independently owned and operated broker offices in more than 50 countries.
- The company boasts a vast network of over 100,000 sales agents worldwide.