ACI enters Hyderabad real estate market

PRLog (Press Release) – Apr 11, 2008 – 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
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