Berkshire Hathaway HomeServices entered India around two months ago and now they are working on the expansion plans. According to this ET news (source), they have plans to acquire local companies in India—a model that has worked for them for expansion in Spain, Germany and the UK.
Rafael Noriega, the managing director for global expansion says—”The company has a large exposure in commercial and property management as well as advisory business, and to expand in India, it is looking for local tie-ups.“Cooperating with local agencies is fundamental like we do in many other markets like Berlin and Milan,”
They are a very strong brand led by a visionary leadership. Shrey Aeren, the managing director and country head of Berkshire Hathaway Home Services Orenda India says—“We are also looking at co-working and data centre advisory. In the residential segment, we have done some tie-ups in Gurgaon where we will have exclusive international mandate. First year, we are looking at selling $300 million property,”
International real estate companies entering into Indian market with clear and strategic plans is a good sign for India’s commercial real estate landscape. They bring a wider perspective for the use of technology, and more business models that can only benefit the local market.
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