Hampton International to enter Indian Real Estate

Hamptons International, a global residential sales agent, is all set to foray into the Indian Real Estate market by setting up three offices in the country by this year-end.

Hamptons International is a subsidiary of Dubai-based Emaar Properties. Domestic real estate major EmaarMGF, a joint venture between Emaar Properties and MGF, has 40 per cent rights in Hamptons's worldwide operations.

In India, Hamptons International would provide services in the area of global sales, lettings(Rent in Services), Residential Property development, property management, Home Loans and Mortagages, EmaarMGF said in a statement.

The initial plans of the company involve setting up offices in Delhi, Mumbai and Hyderabad by end of 2007, it said.

"As the Real Estate India market matures and realty services become a specialised function, global entities like Hamptons will be instrumental in making the property buying process a smooth and hassel-free experience for Indian customers," EmaarMGF Executive Vice Chairman and Managing Director Shravan Gupta said.

This marks the entry of an organised Real Estate services company into the country with a strong focus on the Indian residential properties sector, he said.

Hamptons Internationals' reputation has been built on its strong residential sales and lettings services in the UK market, mainly within London and the south of England.