Mr Samir Saran, managing partner, India Sotheby's International Realty.
Mumbai's real estate market is not only the most expensive in India, it is also among the top few real estate markets that command such high capital values in the world. In fact in some localities, the per square feet rate has crossed the Rs 1 lakh figure. One of the reasons behind such an exorbitant pricing is government fees and charges associated with real estate.
It is surprising that subsequent governments have shied away from unlocking the true potential of Mumbai’s real estate by easing the leasehold to freehold norms. We believe some serious rethinking is required to create a more robust and equitable housing market in Mumbai and have put together this white paper with that intention.
About India Sotheby’s International Realty
Born from the rich heritage of the Sotheby’s Auction House, Sotheby’s International Realty (SIR) is an iconic global brand, with a legacy of quality service and unmatched expertise. The SIR network is present in 79 countries and territories with 1,000 offices and 25,000 sales associates and has achieved a record real estate global sales volume of $204 Billion in the year 2021.
The brand established its presence in India by setting up its first office in New Delhi in July 2014. It now has offices in Delhi, Mumbai, Kolkata, Bangalore, Goa, Colombo, and the mandate for the Maldives. The team in India comprises of senior private bankers and experts from real estate, hospitality and luxury goods industries who have lived and worked in various parts of India and abroad, bringing a wealth of experience which has won the trust of an affluent and exclusive clientele
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