Sotheby’s International Realty Expands Presence in India

PORTLAND, ME (April 12, 2017) – Legacy Properties Sotheby’s International Realty, with offices in Damariscotta, Portland, Kennebunk, Brunswick, and Camden, announced today that Sotheby’s International Realty Affiliates LLC has signed a 25-year exclusive franchise agreement with Realpro Realty Solutions Private Limited to further expand the Sotheby’s International Realty® brand presence throughout India with the opening of India Sotheby’s International Realty. The brand’s existing affiliate in India, North India Sotheby’s International Realty, which commenced operations in October 2014 in New Delhi, will work cooperatively with and also now do business as India Sotheby’s International Realty.

India Sotheby’s International Realty is led by Chief Executive Officer Amit Goyal, President, Ashwin Chadha and Honorary Chairman, Amit Burman. With this expansion, India Sotheby’s International Realty will focus on the luxury residential real estate market in the key cities of Mumbai, Bengaluru, Chennai, Pune, Goa and Kolkata, while continuing to serve the New Delhi market. An office in Mumbai is planned to open in the second half of 2017.

“The luxury real estate market in India is growing rapidly and it was the right time for our brand to expand its presence within the country,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Ashwin Chadha, Amit Goyal and their team have successfully introduced the Sotheby’s International Realty brand to North India over the past few years. Expansion into the rest of India was one of our core objectives for the year, and we are proud to have them at the helm of this venture.”

“With the success of North India Sotheby’s International Realty, it was a natural progression to expand our footprint in India,” said Goyal. “The real estate sector is at the cusp of reform and transformation with implementation of policy changes. India’s luxury housing segment has a promising future, which has encouraged many reputable real estate developers to launch residential projects with state-of-the-art amenities. Being a part of the Sotheby’s International Realty brand allows us access to unparalleled luxury marketing platforms for these high-end developments, an excellent recipe for a successful business operation.”

Chadha additionally stated, “With over 30 million Non-Resident Indians investing back into India, the timing for the expansion of India Sotheby’s International Realty is ideal. The team on the ground is committed to delivering the highest level of service and expert real estate advisory to those interested in the Indian luxury residential real estate market.”

The Sotheby’s International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 66 countries and territories worldwide. In 2016, the brand achieved a record global sales volume of $95 billion USD. India Sotheby’s International Realty listings will be 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 will 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.

Legacy Properties Sotheby’s International Realty can be reached at 207-563-2775, by email at info@legacysir.com, and via our website LegacySIR.com. Legacy Properties Sotheby’s International Realty, with offices in Damariscotta, Kennebunk, Portland, Brunswick, and Camden, is Maine’s leading luxury and lifestyle property company with more than 70 agents and 5 offices serving Maine coastal communities from York County to Hancock County as well as the New Hampshire Seacoast.

Offices Located at:

2 City Center, Portland, ME 04101 – 207-780-8900 (Greater Portland Real Estate)

141 Maine Street, Brunswick, ME 04011 – 207- (Mid-Coast Maine Real Estate)

150 Port Road, Lower Village, Kennebunk, ME 04043 – 207-967-0934 (York, Ogunquit, Kittery, the Kennebunks, Biddeford and Seacoast New Hampshire)

170 Main Street, Damariscotta, ME 04543 – 207-563-2775 (Bristol, Christmas Cove, Boothbay Harbor)

46 Bay View Street, Camden, ME 04843 – 207-230-1003 (Camden, Rockport, Mount Desert, Mid-Coast)