July 29, 2014 // Franchising.com // MADISON, N.J. - Sotheby's International Realty Affiliates LLC today announced it has signed an agreement with RealPro Infra Private Ltd. to develop the Sotheby's International Realty® brand in North India with the opening of North India Sotheby's International Realty.
Amit Goyal is co-owner and chief executive officer of the firm, which will serve the luxury residential real estate market throughout Northern India. The first office begins operations in September 2014 in New Delhi followed by Gurgaon, Noida, Chandigarh and Jaipur.
"Northern 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 Amit and his team to our global network."
"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 the sothebysrealty.com 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.
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby's International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby's, the operator of the auction house. The agreement provided for the licensing of the Sotheby's International Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby's International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby's auction house, established in 1744. For more information, visit www.sothebysrealty.com.
SOURCE Sotheby's International Realty Affiliates LLC
Senior Director, Public Relations and Communications
Sotheby's International Realty Affiliates LLC
175 Park Avenue
Madison, NJ 07940
CEO, India North Sotheby's International Realty
S-1, American Plaza, Hotel Eros Intercontinental Complex
Nehru Place, New Delhi-110019 INDIA
Ph: +91 11 40565476, +91 9810228691