Australian real estate consultancy major LJ Hooker, with significant presence in South East Asia through 700 odd franchisees, is foraying into India’s red hot realty market. The Australian company will open its account here with the first franchisee in Bangalore followed by Mumbai.

The entry comes at a time when the increasing participation of foreign investors and multi-national occupiers is driving the demand for expert-advise in the domestic real estate industry. Further, the developers, lenders and investors have also been demanding better transparency in effecting transactions.

The basket of services that the company has in the offering, apart from consultancy, includes a rent-management program and a portfolio management scheme. “Apart from finding a tenant for vacant commercial/residential space, we undertake property management activities like collecting rent on behalf of a landlord, paying his taxes for him, renewing leases, carrying out maintenance work on the property among others”.

So lets see how all this work out


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