Dubai-based ACI Real Estate enters Indian market
ACI Real Estate, an affiliate of Alternative Capital Invest GmbH, has forayed into the Indian's southern regional markets through Global Properties as a fanchisee.
By PTI |
HYDERABAD: ACI Real Estate, an affiliate of Alternative Capital Invest GmbH, has forayed into the Indian's southern regional markets through Global Properties as a fanchisee.
This marks the first phase of ACI's Indian franchisee network currently being established to serve ACI's Real Estate portfolio in the United Arab Emirates (UAE) currently valued at over Rs 100 billion, Sanjay Chimmani, Joint Managing Director ACI Real Estate Limited told mediapesons on Wednesday.
"In the coming months, ACI will continue to seek prime franchisee operators to represent them across key Indian cities. Its portfolio includes residential, commercial, leisure and retail developments in prime locations across Dubai, Abu Dhabi, Ajman and other emerging cities across the UAE", Chimmani said.
He said that "The agreement with Global Properties marks our first alliance in India to serve the rapidly growing investor market. In selecting out local franchisee, we found one in Global Properties who share in our mission of doing business with transparency, purpose and integrity".
"We believe the ACI franchisee network in India will set a valid gateway that links the astue Indian investor with ACI's vast UAE property portfolio".
This marks the first phase of ACI's Indian franchisee network currently being established to serve ACI's Real Estate portfolio in the United Arab Emirates (UAE) currently valued at over Rs 100 billion, Sanjay Chimmani, Joint Managing Director ACI Real Estate Limited told mediapesons on Wednesday.
"In the coming months, ACI will continue to seek prime franchisee operators to represent them across key Indian cities. Its portfolio includes residential, commercial, leisure and retail developments in prime locations across Dubai, Abu Dhabi, Ajman and other emerging cities across the UAE", Chimmani said.
He said that "The agreement with Global Properties marks our first alliance in India to serve the rapidly growing investor market. In selecting out local franchisee, we found one in Global Properties who share in our mission of doing business with transparency, purpose and integrity".
"We believe the ACI franchisee network in India will set a valid gateway that links the astue Indian investor with ACI's vast UAE property portfolio".
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