"Sotheby's International Realty Affiliates LLChas signed a 25-year exclusive agreement with India Sotheby's International Realty, to further expand the Sotheby's International Realty brand in Asia with its first office presence in Sri Lanka expected in April 2018," the company said in a statement.
Recently, India Sotheby's raised USD 2 million from high net worth individual to expand its operations in Bengaluru, Kolkata and Gurgaon as it expects demand for premium housing to rise. Before that, it had entered into an equity deal with Bennett Coleman and Company Ltd (BCCL) worth USD 7 million.
Sothebys International Realty operates a global network of over 21,000 agents across 71 countries with 900 offices with a unique online platform to support. In 2016, the brand achieved a record global sales volume of USD 95 billion.
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