Track2Realty: Sotheby’s International Realty Affiliates LLC has signed an exclusive agreement to develop the Sotheby’s International Realty brand in India with the opening of North India Sotheby’s International Realty.
Amit Burman (Vice Chairman – Dabur), has been appointed as the Honorary Chairman of the firm, which is led by Amit Goyal, co-owner and Chief Executive Officer, together with co-owners Ashwin Chadha and Ankit Tyagi, who will serve as President and Chief Operating Officer respectively.
The team will look into the luxury residential real estate market throughout Northern India. The team boasts of several decades of collective experience in the Indian market ranging from real estate advisory to wealth management.
The first office will begin operations in September 2014 in New Delhi followed by Gurgaon, Noida, Chandigarh and Jaipur. “India is one of the most exciting, beautiful and fastest growing markets in the world, with a developing luxury real estate market,” said Philip White, President and Chief Executive Officer, Sotheby’s International Realty Affiliates LLC. “Expansion into India was one of our core objectives for this year, and I am proud to welcome Goyal and his team to our global network.” Dr Paul Boldy, Managing Director of the Asia Pacific region for the Brand, shall be working closely with the India team to set up the business successfully in the region.
“We are delighted to become part of the Sotheby’s International Realty worldwide network,” said Goyal. “The luxury residential real estate market in India is beginning a period of expansive growth and the Sotheby’s International Realty brand will meet the needs of high net-worth individuals internationally looking for luxury homes in India and overseas using the brand’s global platform. We also envision future appointments of exclusive representation of luxury residential properties. India’s luxury residential market is poised to grow rapidly, supported by strong economic growth, and we are in an ideal position to lead this growth by leveraging the Sotheby’s International Realty global platform.”
The Sotheby’s International Realty network currently has more than 15,000 independent sales associates located in approximately 720 offices in 52 countries and territories worldwide. North India Sotheby’s International Realty listings are marketed on its global website.
In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.
