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Sotheby’s International Realty Affiliates LLC today announced it has signed a 25-year franchise agreement with Realpro Realty Solutions Private Limited to further expand the Sotheby’s International Realty® brand in South Asia with the formation of Sri Lanka Sotheby’s International Realty.
Sri Lanka Sotheby’s International Realty will be led by CEO Amit Goyal and President Ashwin Chadha, who also stand at the helm of India Sotheby’s International Realty. The firm will serve the luxury residential real estate market throughout Sri Lanka with a flagship office in Columbo that is set to open in June of this year. Charles Phillpot, a seasoned real estate professional from the United Kingdom, will serve as the office’s resident director.
“Sri Lanka is an attractive global market for the Sotheby’s International Realty brand,” said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC. “Over the past three years, Amit Goyal and Ashwin Chadha have demonstrated strong leadership in India and are a prime example of how to successfully leverage the brand’s global network. We are proud to support this expansion into Sri Lanka.”
“The luxury real estate sector in Sri Lanka has a promising future,” said Goyal. “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.”
“We strive to provide the very best service to our clients,” said Chadha. “This is underlined by the significant attention and services we provide to our clients both locally and regionally. The Sotheby’s International Realty brand’s reputation positions us well in India and now in Sri Lanka.”
The Sotheby’s International Realty network currently has more than 22,000 affiliated independent sales associates located in 950 offices in 69 countries and territories worldwide. In 2017, the brand achieved a record global sales volume of $108 billion USD. Sri Lanka Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.