Sotheby's International Realty enters Indian market

Written by FE Online | New Delhi | Updated: Aug 19 2014, 20:17pm hrs
Sotheby's International Realty Affiliates LLC announced it has signed an exclusive agreement to develop the Sotheby's International Realty brand in India.

Amit Burman, vice chairman of 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 inSeptember 2014inNew Delhifollowed by Gurgaon, Noida, Chandigarh and Jaipur. "Indiais one of the most exciting, beautiful and fastest growing markets in the world, with a developing luxury real estate market," saidPhilip White, President and Chief Executive Officer, Sotheby's International Realty Affiliates LLC, adding,"Expansion intoIndia was one of our core objectives for this year"