DAMAC Properties Taps into Gujarat's Real Estate Market
DAMAC Properties, a Dubai-based luxury real estate developer, has broadened its horizons by appointing local agents in Gujarat, aiming to capitalize on the burgeoning investment prospects within the region. This strategic move is part of DAMAC's ambitious plan to extend their network across India, where they have enlisted approximately 60 agents, primarily in metropolitan areas, which include two Ahmedabad-based and one from Baroda. This initiative underscores the company's commitment to marketing and selling its international properties to discerning Indian investors.
Expanding Network Across India
"We are proud to have appointed agents in India. Apart from three in Gujarat, we have signed agents in important cities like Mumbai, Delhi, Chennai, Bangalore and Gurgaon. As the potential is high here, we wanted to touch each corner of of the country through a network of experienced agents," said founder & chairman, DAMAC Holding, Hussain Sajwani. "We will provide our agents all the necessary information and training to sell our properties." The company's strategic expansion reflects the growing interest of Indian investors in international real estate.
Exploring Investment Opportunities in India
Beyond marketing existing projects, DAMAC Properties is also actively evaluating investment opportunities within the Indian subcontinent. This comprehensive approach demonstrates the company’s long-term vision for the Indian market. They are conducting thorough feasibility studies in major Indian cities to identify promising ventures. “We are looking at all the major cities in India and we will earmark investments as soon as the feasibility study is over,” said the CEO of DAMAC Properties. This proactive exploration of the Indian market highlights DAMAC’s commitment to diversifying its portfolio and capitalizing on the region’s growth potential.