India’s real estate industry is established but not highly regulated, and one which is soon to be the fastest-growing master franchise in the RE/MAX world, according to RE/MAX Australia and New Zealand Managing Director, Michael Davoren.

RE/MAX Australian and New Zealand agents recently returned from the fifth annual Asia Pacific Convention for the global real estate giant, in New Delhi in August.

Mr Davoren said he saw many examples of real business taking place.

“There are more and more meetings being organised amongst delegates about actual business rather than potential business,” said Mr Davoren.

At a Glance:

• Real estate business owners and agents from 30 RE/MAX regions across the globe attended the event.
• 400 delegates representing 18 regions in the Asia Pacific, plus the US, Canada, Greece, Finland, Italy, Egypt, UAE, Estonia and Turkey.
• As Asia-Pacific’s real estate industries are maturing, business is increasing.

“Australians buy in Japan, Indonesia, Malaysia, and in regions right through the Asia Pacific, for example, and I observed meeting after meeting where market experts were connecting to get business done.

“And while there’s been a lot of publicity about money not being able to come out of China to Australia and New Zealand, there is a lot that can. Large commercial property investments are particularly on the radar of buyers in Hong Kong and mainland China.”

Real estate business owners and agents from approximately 30 RE/MAX regions across the globe travelled to India for the event, bringing together more than 400 delegates representing the 18 regions in the Asia Pacific, plus other countries including the US, Canada, Greece, Finland, Italy, Egypt, UAE, Estonia and Turkey.

There were more than 20 speakers on the program, from the Asia Pacific, Europe and the US.

Mr Davoren addressed 50 of his regional owner peers on day one on the topic ‘Think Bigger’.

“This forum is about the people in our global network knowing how to give their every client and customer the most valuable, most exceptional real estate experience,” he said. 

On day two, he joined fellow regional owners from Indonesia, Mongolia, Philippines, Egypt and the UAE to address ‘Mastering Asia Pacific real estate’.

 “RE/MAX LLC sees the Asia Pacific as the major growth area on this planet, growing rapidly every year; and, as its real estate industries are maturing, business is increasing,” said Mr Davoren, 

“And the increase in countries outside the Asia Pacific, which are represented at the Convention, reflects that they see Asia Pacific as the future of real estate around the world.”

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