Sotheby’s International Realty, a luxury real estate brand established by the UK’s Sotheby’s Auction wants to grow its presence in India. It has signed a 25-year agreement with Realpro Realty Solutions Private Limited in order to expand its business. The primary office as a major aspect of the extension for India is being set up in Mumbai soon which will be trailed by Bengaluru, Goa, Chennai, Pune, and Kolkata.
“The Indian luxury real estate market is growing rapidly and it was the right time for our brand to expand its presence within the country. Expansion into the rest of India was one of our core objectives for the year and we are proud to have them at the helm of this venture” said Philip White, President and Chief Executive Officer of Sotheby’s International Realty Affiliates LLC.
On August 2014, Sotheby's International Realty had consented to an arrangement with Indian firm RealPro Infra Pvt Ltd and built up its Indian arm under the name North India Sotheby's International Realty.
Sotheby's International Realty, India will be driven by CEO Amit Goyal, President, Ashwin Chadha and Honorary Chairman, Amit Burman. The 25 member group, that is presently set to extend quickly, has specialists and experts drawn from private banking, luxury real estate, art and lifestyle businesses.
“The Real estate sector has been witnessing a spate of fast paced reforms. We predict a more evolved and transparent future for Indian real estate, with quality Indian developers striving to meet the demands of customers and creating a differentiated experience of transacting business in a highly professional manner. With all these transformations in the sector, we believe, this is the perfect time for us to grow the brand nationally,” said Amit Goyal, CEO, India Sotheby’s International Realty.
Ashwin Chadha said that the organization right now has three work areas in London, Dubai and the US. “We are looking at expanding the India desk in countries like Canada and Singapore,” he added.
May 04, 2017