ACI enters Hyderabad real estate market

Released on: April 11, 2008, 2:58 am

Press Release Author: varma

Industry: Real Estate

Press Release Summary: ACI Real Estate, an affiliate of German investment company
Alternative Capital Invest GmbH, yesterday entered the Indian real estate market
through its franchisee, Hyderabad based Global Properties.

Press Release Body: ACI Real Estate, an affiliate of German investment company
Alternative Capital Invest GmbH, yesterday entered the Indian real estate market
through its franchisee, Hyderabad based Global Properties. This marks the first
phase of ACI\'s Indian franchisee network, which is being established to serve the
firm\'s real estate portfolio in the UAE, currently valued at more than Dh10 billion.
The company has announced that in the coming months it will continue to seek prime
franchisee operators to represent it across key Indian cities. Its portfolio
includes residential, commercial, leisure and retail developments in prime locations
in Dubai, Abu Dhabi, Ajman and other emerging cities across the UAE.

Speaking on the potential of the franchisee set up, Sanjay Chimnani, joint managing
director of ACI Real Estate, said:\"The agreement with Global Properties marks our
first alliance in India to serve the rapidly growing investor market. In selecting
our local franchisee, we found Global Properties who share our mission of doing
business with transparency, purpose and integrity. We believe the ACI franchisee
network in India will set a valid gateway that links the astute Indian investor with
ACI\'s vast UAE property portfolio.\"ACI Real Estate\'s projects in Dubai include
premium branded properties such as the Sports Trilogy project comprising the Michael
Schumacher, Boris Becker and Niki Lauda towers. Its developments also include the
Dh6bn Marine Legends with the Ferretti Group.

Speaking on the franchise agreement, Sanjay Bathla, and Sarin Katta, managing
partners of Global Properties, said: \"Dubai and Abu Dhabi are poised for immense
growth in real estate and the potential for earning is huge. ACI offers some of the
most talked about pieces of real estate in the Emirates and we are honoured to be
aligned with them. The Indian franchisee network is seen as part of ACI\'s global
expansion plans and will comprise six appointees across the country to assist
potential investors. More announcements about appointments are expected in the
coming Mont \"With the weakening dollar and the UAE\'s tax-free policies, as well as
strong economic fundamentals, real estate across the Emirates offers huge gains. The
earning potential has been known to reach as high as 30 per cent in some of ACI\'s
key locations,\" Chimnani said
For Latest Real Estate News:
http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News

At Maa Properties, we have in-depth knowledge of property markets, extensive
experience, specialized skills and resources necessary to provide an entire range of
reliable and responsive property management services. No matter how far away you are
currently located, our online services enable you to take charge of things and
efficiently handle all property-related transactions back home.

We would like to take the opportunity to welcome all the community members living
world wide to our real estate portal.(NRI)

For More Information about Real Estate Hyderabad, India visit:
http://www.maaproperties.com/


Web Site: http://www.maaproperties.com/

Contact Details: 8-3-318/11/3, Plot No. 3
JP Nagar, Yellareddy Guda
Hyderabad
Andhra Pradesh
India

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