ACI enters Indian real estate market

ACI Real Estate, an associate of German investment company Alternative Capital Invest GmbH, on 9th April entered the Indian real estate market through its franchisee, Hyderabad based Global Properties.

This marks the initial phase of ACI’s Indian franchisee network, which is being launched to serve the firm’s real estate portfolio in the UAE, at present valued at more than Dh10 billion.

The company has pronounced that in the upcoming months it will continue to seek prime franchisee operators to represent it across key Indian cities. Its portfolio includes residential, commercial, leisure and retail developments in prime locations in Dubai, Abu Dhabi, Ajman and other emerging cities across the UAE.

Talking on the potential of the franchisee set up, Sanjay Chimnani, joint managing director of ACI Real Estate, said: “The agreement with Global Properties marks our first coalition in India to serve the quickly rising investor market. In selecting our local franchisee, we found Global Properties who share our mission of doing business with clearness, purpose and truthfulness. We believe the ACI franchisee network in India will set a suitable gateway that links the astute Indian investor with ACI’s vast UAE property portfolio.”

ACI Real Estate’s projects in Dubai include premium branded properties such as the Sports Trilogy project comprising the Michael Schumacher, Boris Becker and Niki Lauda towers. Its developments also include the Dh6bn Marine Legends with the Ferretti Group.

One Comment

  1. Posted April 15, 2008 at 6:03 am | Permalink

    ACI Real Estate, an affiliate of Alternative Capital Invest GmbH, has forayed into the Indian’s southern regional markets through Global Properties as a fanchisee.

    This marks the first phase of ACI’s Indian franchisee network currently being established to serve ACI’s Real Estate portfolio in the United Arab Emirates (UAE) currently valued at over Rs 100 billion, Sanjay Chimmani, Joint Managing Director ACI Real Estate Limited told mediapesons on Wednesday.

    “In the coming months, ACI will continue to seek prime franchisee operators to represent them across key Indian cities. Its portfolio includes residential, commercial, leisure and retail developments in prime locations across Dubai, Abu Dhabi, Ajman and other emerging cities across the UAE”, Chimmani said.

Post a Comment

You must be logged in to post a comment.