Forbes Global Properties joins the Indian real estate industry to develop projects and provide advisory service

By Bricksnwall | 2024-01-27

Forbes Global Properties joins the Indian real estate industry to develop projects and provide advisory service

Forbes 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.

With the 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.

India An 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.

India's 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.

It promises 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 destinations.

We could 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.

"It is 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 to."

Forbes 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."

"Though 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 rise."

Forbes 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.

Special discounts

Sophisticated 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.

A carefully 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.

Their first project will be a 7-acre area in New Delhi that would include an opulent hotel, club, and upscale shopping district.

India Strategic Partnership

 A 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.

In addition, Forbes Global Properties guarantees a smooth transition into the regional market through partnerships with top Indian real estate developers and agencies.

Source: India TV News