RealPro Realty Solutions Pvt. Ltd, an Indian arm of luxury real estate advisory services provider Sotheby’s International Realty, has raised $7 million from Brand Capital and some undisclosed high-net-worth individuals (HNIs).
“Post this capital infusion, we aim to open more offices, expand our team size and set up more India Desks in US, Singapore and Canada in order to achieve our long term business goals,” said Ashwin Chadha, president India SIR in a statement.
RealPro was co-founded by Amit Goyal, Ashwin Chadha and Ankit Tyagi. Goyal and Chadha are ex-private bankers and Tyagi is a real estate professional. The company provides marketing and other transaction advisory services to clients intending to buy or sell luxury real estate properties globally.
RealPro has a team of over 20 professionals from private banking. Sotheby’s International Realty has presence in over 70 countries having 880 offices.
“Sotheby’s is a brand that needs no introduction among the high net-worth community. Ultra-rich Indians are increasingly investing in residential real estate globally and Indian developers promoting their projects to NRI population. We aim to serve both, through our association with the world’s leading luxury real estate brand,” said Amit Goyal, CEO of India Sotheby’ International Realty.
PwC acted as the exclusive financial advisor to RealPro on this deal.
Brand Capital, the ad-for-equity investment arm of media house Bennett Coleman and Company Ltd, has backed real estate companies like Assetz Group, Arkade Group and Arihant Superstructures.