Belle Property target Indian investment in Aussie real estate with Mumbai office opening
Boutique real estate group Belle Property International has opened its first Indian office in the city of Mumbai.
The office forms part of the company’s strategic expansion across Asia.
Belle Property International is hoping to help Indian investors to secure a portfolio of residential and commercial properties across Australia.
“We are creating a network of offices in Asia and Australia whose purpose is to sell Australian property to interested Asian investors,” says Peter Hanscomb, CEO of Belle Property International.
“We believe India will be a strong source of investment in Australia over the next 25 years, so we are excited to be opening our first office in India.”
Handscomb said the co-principals of Belle Property International Mumbai, Hozefa Rangoonwala and Murtaza Poonawala, bring a strong background in real estate marketing and financial services.
“Hozefa and Murtaza come from a banking and marketing background, therefore the value of premium is not lost in the bid to quickly do a transaction,” says Stephen Ivanusa, director and co-founder of Belle Property International.
“With backgrounds in the banking and insurance industry, we’re able to look at portfolio structuring with risk analysis and provide a level of confidence to the Indian investors.”
Belle Property International Mumbai principals state that Sydney, Melbourne and the Gold Coast are the primary focus for the Indian market with growing interest in Brisbane and Adelaide.
“We are giving another option to Indian investors, as no one has ever approached it from an Australian point of view with an established office in India,” says Rangoonwala.
“Australia is viewed as a safe country with a good economy, and that is more stable than other markets that are competing for Indian investors, such as the United States, United Kingdom and the Middle East.”
“India has gone through many reforms of late and with the demonetization of the Ruppee there is an urgency to get the now declared funds back out into the markets to yield higher returns,” says Ivanusa.
“With an open and progressive Indian government met with Australia’s immigration pathways; we are only starting to see the tip of the iceberg let alone what sits underneath.”
Belle Property International are planning to further expand across Asia with more offices set to open in 2017.
