Hamptons Intl set to enter Indian realty

Hamptons Intl set to enter Indian realty
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First Published: Fri, Jul 20 2007. 03 27 PM IST
PTI
New Delhi: Hamptons International, a global residential sales agent, is all set to foray into the Indian market by setting up three offices in the country by this year-end.
Hamptons International is a subsidiary of Dubai-based Emaar Properties. Domestic real estate major EmaarMGF, a joint venture between Emaar Properties and MGF, has 40% rights in Hamptons’s worldwide operations.
In India, Hamptons International would provide services in the area of global sales, lettings, residential development, property management and mortagages, EmaarMGF said in a statement.
The initial plans of the company involve setting up offices in Delhi, Mumbai and Hyderabad by end of 2007, it said.
“As the Indian realty market matures and realty services become a specialised function, global entities like Hamptons will be instrumental in making the property buying process a smooth and hassel-free experience for Indian customers,” EmaarMGF executive vice-chairman and managing director Shravan Gupta said.
This marks the entry of an organised realty services company into the country with a strong focus on the residential sector, he said.
Hamptons Internationals’ reputation has been built on its strong residential sales and lettings services in the UK market, mainly within London and the south of England.
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First Published: Fri, Jul 20 2007. 03 27 PM IST