Vestian Global to enter India
Vestian Global Workplace Services Private Limited, US-based firm that started as a $1 billion investment fund for various asset classes and diversified into real estate services, is readying itself to launch in India.
The firm aims to provide clients integrated real estate services right through the process of property purchase or renting, that is, from the time of identifying property till the final deal.
Besides, the fund, which works as separate entity within the firm will also make investments in various asset classes like realty, bonds & treasury et al. The company has already applied to appropriate authorities for approval to invest money in India from its fund.
Speaking to Deccan Herald CEO (Asia Pacific) Shrinivas Rao said “there is a huge potential in the Indian real estate market and our study shows that the next demand wave for realty will be from American and European Tier II and III companies outsourcing or setting up captive centres here.”
“The focus of Vestian proposition is on end-users of real estate. Vestian has created a service delivery platform spanning strategic consulting, transaction advisory and project management solely as representatives of occupiers, thereby offering unbiased advise and services which are aligned to the customer’s best interests,” he further said.
Focus on south
On India plans, he said the company, after thorough study of the market, has decided to focus on the South India first as the realty sector here has fared better than the northern market. Vestian will invest up to $10 million to $15 million in India.
The company, which has opened two offices in Bangalore and Chennai will launch its India operations next month. Furthermore, it plans to bring out real estate market studies and reports in the country and other markets. The firm has set a similar timeline to launch its services in the Middle East & Chinese markets as well.