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 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, adding, "Expansion into India was one of our core objectives for this year"