Forbes Global Properties Enters Indian Realty Mkt, in JV for 1200 acres Orange Smart City Development in Navi Mumbai

New Delhi, Jan 24, 2024 : American giant Forbes has announced its entry into the Indian real estate market with debut of India Forbes Global Properties. 

India Forbes Global Properties is an extension of Forbes Global Properties. Membership for the firm is the invitation-only network reserved for distinguished brokerages in select cities and second-home destinations.

Forbes Global Properties aims to set a global benchmark of luxurious living in India. The platform will connect high-net-worth individuals, investors, and real estate enthusiasts with some of the most coveted and distinctive properties in the country.

It aims to showcase the finest properties from the most elite locations and the move also signals Forbes Global Properties’ strategic expansion into one of the world’s most dynamic and burgeoning markets, promising discerning investors unprecedented access to a curated portfolio of ultra-luxurious homes, estates, and premium developments. The post-covid world has witnessed a sudden surge in the sales market of property of luxury and high luxury. That is what has drawn Forbes Global Properties to India and makes India one of the most favoured nations for investment. 

Announcing the launch Michael W. Jalbert, CEO, Forbes Global Properties, said, “It is an absolute honour to welcome India Forbes Global Properties to our international network. Our expansion into India is particularly meaningful. The nation’s burgeoning markets present unlimited opportunities for discerning buyers and investors seeking ultra-luxurious homes, coveted estates, and premium developments.” 

While Matt Beall, Board Chair, Forbes Global Properties, said, “Forbes Global Properties is honoured to make its foray into the luxury real estate market in India. Through our newest member, India Forbes Global Properties, we look forward to introducing the world to a curated collection of homes that exemplify luxury and reflect the country’s unique cultural and architectural diversity.”

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AK Sharma, Chairman, India Forbes Global Properties said, “It gives me immense pleasure to announce that Forbes is launching Forbes Global Properties in India. As the Chairman, I firmly believe that this alliance will epitomize luxury in Indian real estate. The crème-de-la-crème of our nation deserves to find a space that complements their style and stature, and with Forbes, we are here to realize it for them.” 

Mona Vij, Director, India Forbes Global Properties said, “Though luxury knows no limits, with Forbes Global Properties, we aspire to establish new standards of opulence, aiming to make it the cornerstone in Indian real estate. And as India experiences exponential growth, we are confident that our vision will set a global benchmark of luxurious living in India.” 

Their first offering will be in New Delhi with a 7-acre plot with high end retail street, club and a luxurious hotel. 

India Forbes Global Properties has tied up with the JV of Orange Smart City in Navi Mumbai for development of 1200 acres of land. The project will see a building of up to 10 lakh crore square feet amounting to Rupees 1 lakh 20 thousand crore. This will be amongst the first projects. 

Besides entering the luxury and super luxury segment the Forbes Global Properties in India will either get a stake or buy out brokerage firms. India Forbes Global Properties will also have different verticals – Development & Management of Properties, Advisory, Financial Services, Facility Management, Hospitality Services, Event & Recognition Services.