Hire A Foreign Broker To Buy A Home

Financial Express:

Home buyers in India can soon hire the services of branded property consultants from abroad. India’s $12-billion real estate market is expected to witness the entry of top foreign consultants who would act as brokers on a franchisee basis for those wanting to buy homes.

According to sources, US-based Century 21, ColdWell Banker and Canada-based Remax are planning to arrive big time in India in 2008. This follows the recent entry of Australia’s $30-billion LJ Hooker.

Says Ramneek Bakhshi, principal, LJ Hooker, ‘We are planning to set up 15 franchisee-operated branded home-broker offices in India in 2008 for buyers in cities such as Hyderabad, Ahmedabad, Jaipur, Chandigarh, Delhi and Mumbai, and recruit fresh young talent (from the national and international Markets apart from the gen-next within the traditional brokers’ community) for buying and selling flats.’ Read on.