Sotheby’s International Realty brand enters Sri Lanka

New Delhi, India and Colombo, Sri Lanka (11 April, 2018) ? Sotheby?s International Realty Affiliates LLC today announced it has signed a 25-year exclusive agreement with India Sotheby?s International Realty, to further expand the Sotheby?s International Realty? brand in Asia with its first office presence in Sri Lanka expected in April 2018.

The firm will do business as Sri Lanka Sotheby?s International Realty (Sri Lanka SIR) under the seasoned leadership of Amit Goyal ? CEO and Ashwin Chadha ? President, India Sotheby?s International Realty with existing offices in New Delhi, Mumbai and plans to expand across India.

According to Philip White, President and Chief Executive Officer of Sotheby?s International Realty Affiliates LLC, ?Sri Lanka is an attractive market for the brand and opening here will represent an important step forward in our global growth plans. The leadership team at India Sotheby?s International Realty are uniquely qualified to combine the best of global business practices, with their strong local knowledge and experience within Sri Lanka? said White. ?They are led by a seasoned executive team that has been operating in India for more than three years. During this time, they have developed an unrivaled breadth and depth of knowledge on how to successfully leverage our global network. I am proud to welcome Sri Lanka SIR to the Sotheby?s International Realty network.?

?We strive to provide the very best service to our clients. This is underlined by the significant attention and involvement we give to all our clients and services, both locally and regionally,? said Chadha , President, India Sotheby?s International Realty. ?Over the years, we have acquired an excellent reputation and a credible track record as a leading specialist in our chosen fields, and the Sotheby?s International Realty brand?s reputation as the world?s premium luxury property marketer is a perfect fit for Sri Lanka, India and this region.?

?The luxury real estate sector in Sri Lanka has a promising future,? says 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.?

The Sotheby?s International Realty network currently has more than 21,000 affiliated independent sales associates located in approximately 930 offices in 70 countries and territories worldwide. 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.

About Sotheby?s International Realty Affiliates LLC

Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby?s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby?s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby?s, the operator of the auction house. The agreement provided for the licensing of the Sotheby?s International Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby?s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby?s auction house, established in 1744.

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User :- Deepika Girdhar

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