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CA Coldwell Banker expands to India

Property Here - Friday, November 08, 2013

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Coldwell Banker Real Estate LLC has signed a master franchise agreement with Coldwell Realty Private Ltd. to affiliate and service Coldwell Banker and Coldwell Banker Commercial franchises in India. The firm will operate as Coldwell Banker India.

It is a privately held firm led by Ramnik Chopra and a seasoned management team that has extensive experience in commercial and residential real estate, along with professional and financial services and marketing, the company says. It will be headquartered in Mumbai.

“We have the world’s fastest-growing middle class where homeownership remains aspirational and homeownership rates are rising as personal wealth increases,” says Chopra. “The proliferation of foreign investment in Indian manufacturing, consumer services and retail also gives us an opportunity to succeed in the commercial real estate sector.”