India Sotheby’s International Realty, a luxury real estate advisory service provider, has secured $5.5 million (Rs 37.16 crore) in Series-A funding to fuel its expansion plans.The capital infusion, by a Delhi-based ultra-high-net-worth individual, will be used to fund the art auction company affiliate’s expansion into Gurugram, Bengaluru, Kolkata, Pune, Goa and Sri Lanka, said a top executive of the company. These international offices will sell India luxury properties and will be controlled by India operations. The India franchise for Sotheby’s International Realty is owned by Realpro Realty Solutions RRSPL ). “The investment reinforces our confidence in making India Sotheby’s International Realty a formidable player in not just Indian luxury real estate, but the entire South Asia,” said Amit Goyal, founder of RRSPL.“Our focus would continue on expansion and growth. We are keen on setting up 6-7 international desks for India.

Source: Economic Times May 15, 2018 04:41 UTC