An Exclusive Real estate destination that connects world’s finest homes with people, US-based Forbes Global Properties announced its entry to Indian real estate to provide brokerage services for luxury homes. In association with landowners, it also develops two real estate projects in Mumbai and Delhi enveloping 10 million square feet.
The company envisions explore the opportunities and developing residential project in Goa spread across 10 lakh square meter.
To begin with, India Forbes Global Properties will develop a 100-arcre project in Navi Mumbai in collaboration with Orange Smart City, which develops 1200 acre integrated township. And the MMRDA (Mumbai Metropolitan Region Development Authority) will develop this infrastructure.
Indian venture 'India Forbes Global Properties' will pay membership fee to the global firm. A K Sharma will be the chairman of the Indian venture.
For Indian venture, A K Sharma will be the Chairman and the 'India Forbes Global Properties' will pay membership fee to the global venture.
Speaking on this, Sharma says, “Our core business is brokerage and India Forbes Global Properties will provide brokerage services for the luxury residential segment and is looking at buying equity stakes in at least two such consultancy firms”.
Similarly, Michael W Jalbert, CEO, Forbes Global Properties says, "India is a big economy and market. We have entered into India to provide services to our clients who want to buy and sell luxury homes & properties”.
Likewise, Sanjay Kackar, Chief Business Officer, India Forbes Global Properties says, "We will be buying stakes in at least two real estate brokerage firms this year".
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