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Sanjay Chimnani Joint Managing Director |
ACI Real Estate, an innovative player in the Dubai real estate Industry and an affiliate of Alternative Capital Invest GmbH, has appointed Hyderabad-based Global Properties as a franchisee in India’s booming southern regional market. 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.
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.
Speaking on the potential of the franchisee set up, Sanjay Chimnani, joint managing director, ACI Real Estate, said, “The agreement with Global Properties marks our first alliance in India to serve the rapidly growing investor market here. In selecting our local franchisee, we found one in Global Properties who shares in our mission of doing business with transparency, purpose and integrity. We believe the ACI franchisee network in India will set a valid gateway that links the astute Indian investor with ACI’s vast UAE property portfolio.”
