corona epidemic Indian real estate sector is running at rocket speed since . Record sales of property are taking place in the country. In view of this, now foreign companies are also turning towards the Indian market. In this series, Forbes Global Properties has entered the Indian real estate market. India Forbes Global Properties has announced the launch of a luxurious project in India. The company is an extension of Forbes Global Properties where developers or other real estate executives can subscribe. The company has announced to build approximately 11 million square feet of residential and commercial properties in Mumbai, Delhi and Goa. Let us tell you that Forbes is a hundred years old brand which is associated with celebrities and millionaires around the world.
Forbes’ emphasis will be on luxury life
Forbes Global Properties will focus on luxurious projects to establish a new milestone of luxury living in India. The focus of the group will be the rich and wealthy sections of the country. Let us tell you that in the post-Covid world, a sudden boom has been seen in the luxury property market. Now people are buying expensive houses. Properties worth crores are being sold in many cities including Mumbai, Delhi, Gurugram. This is what has attracted Forbes Global Properties to India and made India one of the most preferred countries for investment. Across 14 Tier 1 cities in India, including Delhi, Mumbai, Hyderabad, Bengaluru and Chennai, there have been 4.13 lakh new launches, of which 14,754 were luxury projects (priced above Rs 5 crore per unit) and almost all, 14,654, were instant launches. Was. Luxury projects account for about 4% of the total launches.
world property market Will put India on the map
Announcing the launch, Michael W. Jalbert, CEO, Forbes Global Properties, said, “Adding India Forbes Global Properties to our international network is a great decision. Our expansion in India is coming at the right time. The growing markets of the country offer unlimited opportunities for us. Buyers and investors are giving importance to luxurious homes and properties. While Matt Beal, Chairman of the Board of Forbes Global Properties, said that Forbes Global Properties is excited to enter the luxury real estate market in India. We look forward to introducing it to the world through India Forbes Global Properties.
First project started from Mumbai
India Forbes Global Properties has signed a joint venture with Orange Smart City in Navi Mumbai to develop 1200 acres of land. In this project, projects worth Rs 1 lakh 20 thousand crore will be built in 10 lakh crore square feet area. This will be the first projects of the company. Apart from this, India Forbes Global Properties will enter the local market in collaboration with leading real estate developers and agencies in India. Apart from entering the luxury and super luxury segments, Forbes Global Properties will either acquire stakes or buy brokerage firms in India. India Forbes Global Properties will also have different verticals. Development and management of properties, advisory, financial services, facility management, hospitality services, events and recognition services.
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