ECONOMYNEXT – Sotheby’s International Realty, a premium property advisory firm said it is starting an office in Sri Lanka’s capital Colombo, as upmarket real estate projects come up in the island.
Realpro Realty Solutions Private Limited, Sotheby’s International Realty Affiliates’ franchise partner in India, will run the Colombo office.
“The luxury real estate sector in Sri Lanka has a promising future,” said Amit Goyal who heads the Indian office.
“Sri Lanka’s luxury real estate market is expanding rapidly with condominium developments in Colombo, branded resorts and villas along the magnificent coastline, and private estates in the famous tea country, creating a strong luxury footprint in the region.”
The Sotheby’s International Realty said it has more than 22,000 affiliated independent sales associates located in 950 offices in 69 countries and territories worldwide, making sales of108 billion US dollars in 2017.
Sotheby’s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp, in real estate franchising and provider of real estate brokerage, relocation and settlement services.