Indians are the 3rd biggest international investor community with $8 billion investment in the US realty market after Canadians and Chinese, brokerage firm Sotheby’s International Realty said today. The US real estate market is attracting many new investors from India. It is expected that growing interest in US real estate from China and India will offset the decrease from South America and Russia.
Thu, 28 Jan 2016-05:31pm , New Delhi , PTI
To take advantage of growth in the South Florida real estate market, Mayi de la Vega, CEO and founder of One Sotheby’s International Realty located in Miami and Fort Lauderdale Florida, is in India this week. She is attending Sotheby’s Auction House events and strengthening the firm’s global partnership with the North India Sotheby’s International Realty affiliate.
This visit allowed her to attend the Sotheby’s Auction House Indian auction event and present her office significant listings such as one of Fort Lauderdale’s largest waterfront luxury homes, located at 2900 N. E. 37th St. in Coral Ridge Fort Lauderdale Florida.
“I think and I believe Indians that live in the US are one of the largest group of millionaires in the America… they are already there and therefore they are investing in real estate,” US-based Sotheby’s International Realty President and CEO Philip A White told PTI.
“India, as a country, has huge potential to be the top nation in terms of business for us. It may take few years to get there”, Mr. White added.
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