Forbes Global Properties joins the Indian real estate industry to develop projects and provide advisory service
By Bricksnwall | 2024-01-27
Global Properties, which was founded in December 2020, used a membership
network concept to enter India. It is already present in 26 countries, where
17,000 agents serve clients with real estate needs.
official launch of India Forbes Global Properties, US-based real estate
behemoth Forbes is poised to make its entrance in the Indian real estate
industry. Forbes is a 100-year-old brand that is linked to the world's
wealthiest people and millionaires everywhere.
expansion of Forbes Global Properties is Forbes Global Properties. The firm's
membership is an invitation-only network that is exclusive to the most
prestigious brokerages in particular cities and second-home destinations, who
together represent many of the best properties on the planet for sale.
opulent living standards will be benchmarked globally by Forbes Global
Properties. High net worth people, investors, and real estate enthusiasts will
be able to easily connect with some of the most sought-after and unique
properties in the nation through the site.
discriminating investors unrivaled access to a curated portfolio of
ultra-luxurious homes, estates, and premium developments. The initiative also
signals Forbes Global Properties' strategic expansion into one of the world's
most dynamic and burgeoning markets. Its goal is to showcase the best
properties from the most elite locations. The market for luxury and high-end
real estate sales has seen an unexpected boom in the post-COVID era. Because of
this, Forbes Global Properties has chosen India as one of its top investment
observe the CEO and Board Chair of Forbes Global Properties stating their
ambitions to cater to India's ultra-luxurious living, demonstrating their
excitement about joining the Indian real estate industry.
There have been
4.13 lakh new launches in India's 14 Tier 1 cities, which include Delhi,
Mumbai, Hyderabad, Bengaluru, and Chennai. Of these, 14,754 luxury projects
(with a per unit value exceeding Rs 5 crore) have found instant buyers, with
14,654 of them. It is noteworthy that around 4% of all launches are comprised
of luxury developments.
an absolute honor to welcome India Forbes Global Properties to our
international network," said Forbes Global Properties CEO Michael W.
Jalbert in a statement announcing the opening. Our entry into India is really
significant. The developing markets of the country offer limitless prospects
for astute purchasers and financiers in search of opulent residences, highly
sought-after estates, and first-rate developments."
To be honest,
the reason we are drawn here is because this is where our clientele is drawn.
Our target market consists of purchasers and sellers of real estate with high
and extremely high net worths. In response to a media question about what drew
Forbes to invest in India, Jalbert said, "We are really excited because
when we get information of an area, city, or country where we know that there
is opportunity, then a big part of my job kicks in which is selection, looking
for finest brokerages and people that we would like to extend membership
Global Properties Board Chair Matt Beall stated, "Forbes Global Properties
is honored to launch its entry into the premium real estate sector in India. We
are excited to present to the globe, a carefully chosen selection of luxurious
residences that capture the distinct cultural and architectural variety of
India through our newest member, India Forbes Global Properties."
luxury knows no bounds, with Forbes Global Properties, we aim to establish new
standards of opulence. aiming to make it the cornerstone in Indian real
estate," stated Mona Vij, Director, Forbes Global Properties, India.
Furthermore, we are certain that our goal will establish a worldwide standard
for opulent living in India as the country continues its exponential
Global Properties has curated a collection of premium properties that are the
epitome of sophistication, innovation, and unmatched workmanship, with the goal
of redefining the norms of luxury living in India. High-net-worth people,
investors, and real estate enthusiasts will be able to easily connect with some
of the most sought-after and unique properties in the nation through the site.
Its goal is to present the best homes from the most prestigious neighborhoods.
buyers may anticipate a wide variety of outstanding residences, ranging from
expansive estates in the lush Himachal Pradesh hills to opulent penthouses with
views of the Arabian Sea in Mumbai.
chosen selection of residences that represent the pinnacle of luxury and
capture the distinct cultural and architectural variety of India will be on
display at Forbes Global Properties.
project will be a 7-acre area in New Delhi that would include an opulent hotel,
club, and upscale shopping district.
joint venture between Forbes Global Properties and Orange Smart City in Navi
Mumbai aims to build 1200 acres of land.
Up to 10
lakh crore square feet, or Rupees 1 lakh 20 thousand crore, would be built as
part of the project. This is going to be one of the initial initiatives.
Forbes Global Properties guarantees a smooth transition into the regional
market through partnerships with top Indian real estate developers and
Source: India TV News