Int’l real estate company opens doors in Guyana

- Founders want to bring organised real estate experience

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One of the largest real estate companies in the world- RE/MAX- has launched its Guyana chapter, promising to offer to the country, world-class real estate professional services that are second to none.

RE/MAX Guyana commemorated the launch with a ribbon-cutting ceremony on Tuesday evening at the Sky Lounge of the Pegasus Hotel.

Founded in 1973, the RE/MAX brand has made waves for decades, branded as one of the world’s leading franchises in the real estate industry with an office presence in over 110 countries.

Notably, Guyana was the only South American nation without a RE/MAX office, until now.

RE/MAX’s presence in Guyana is credited heavily to the oil and gas boom in the country.

The men behind RE/MAX Guyana. From left: Shiv Nisir, Heralall Naraine and Hemant Nisir

At the launch, one of the founders, Canada-based Guyanese Shiv Misir, shared that with many seeking to invest and establish bases in Guyana, especially brand name hotels and Fortune 500 companies, there is a critical need to provide “quality real estate services”, something he said the country currently lacks.

Now, this is where RE/MAX comes in.

“I’ve travelled back to Guyana from Canada many times since leaving my homeland nearly 40 years ago, and over time, I’ve seen the need for an organised, reputable real estate brand to come into Guyana to serve its homebuyers and sellers,” Misir said.

He was keen to note that the company should be seen “as a partner” to existing real estate companies in Guyana. Whether on a small or large scale, RE/MAX plans to provide the training, knowledge and expertise to locals to appeal to the international crowd.

“With the brand being internationally known, people feel comfortable if they know they have to deal with an established brand like RE/MAX, one of the largest real estate companies in the world,” he shared.

Already, Misir noted, RE/MAX Guyana has garnered interest from international companies who are eager to set up shop here. He said too that Guyana can market itself as the perfect destination for foreigners looking to escape the winter season.

“I am hoping that with RE/MAX coming to Guyana, we can sort of divert that kind of market here to Guyana,” he added.

And when the company has established its foothold in the capital city, Misir said too that RE/MAX would be selling the franchise to interested locals hoping to set up offices across the country.

Minister of Finance, Dr. Ashni Singh, speaking at the launch of RE/MAX Guyana

RE/MAX’s entry into Guyana at this critical juncture of development was deemed apt by the Minister of Finance, Dr. Ashni Singh, as the country’s real estate market is “ripe with opportunity.”

In his main address at the launch, Singh disclosed that with Guyana’s continued growth, investors both locally and internationally need brands they can recognise and trust and RE/MAX Guyana suits that category well.

“There are other slices of the market as well that has shown tremendous dynamism that can be tapped into because at no point in history has there ever been anymore activity in this domestic space so you are entering at an exciting time and I welcome you to Guyana,” the Finance Minister said.

RE/MAX is owned and controlled by Shiv Nisir, Hemant Nisir and Heralall Naraine; all Guyanese.

The official doors of RE/MAX will be opened soon at the MovieTowne Mall.

Meanwhile, the launch saw the participation of several high-ranking government officials, including Minister of Housing and Water, Collin Croal; Minister within the Ministry, Susan Rodrigues; Minister within the Ministry of Public Works, Deodat Indar; Indian High Commissioner, Dr. K. J. Srinivasa; Guyana’s High Commissioner to India Charrandass Persaud; Head of GO-INVEST Peter Ramsaroop and Guyana’s Foreign Secretary Robert Persaud along with officials from the private sector.

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