The Indian entity will be known as Berkshire Hathaway HomeServices Orenda India. The firm will be servicing key property markets across India including Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Hyderabad, Pune, Ahmedabad, Goa, and Ayodhya, the company said in a release.
Warren Buffett’s global residential real estate brokerage franchise network Berkshire Hathaway HomeServices has forayed into Indian property market by forming an alliance with brokerage firm Orenda.
The Indian entity will be known as Berkshire Hathaway HomeServices Orenda India.
The firm will be servicing key property markets across India including Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Hyderabad, Pune, Ahmedabad, Goa, and Ayodhya, the company said in a release.
Indian real estate sector, which has been attracting global institutional investors over the last few years, is estimated to reach $1 trillion by 2030 and is expected to contribute 13% to the country’s economy by 2025.
“We are thrilled to expand the Berkshire Hathaway HomeServices global footprint into India. We are looking forward to assisting them with their goal of expanding services to all of the major cities throughout India and building a team of over 1,000 real estate professionals,” said Gino Blefari, Chairman of Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServices Orenda India will also have access to global listing syndication, training and ongoing education and the exclusive Luxury Collection marketing program for premier listings.
With their brand transition, Berkshire Hathaway HomeServices Orenda India agents will get access to Berkshire Hathaway HomeServices’ active referral and relocation networks, and its technology suite, a source for lead generation, marketing support, social media, video production, distribution and more.
The addition of India furthers global reach of Berkshire Hathaway HomeServices, which has over the past three years, added franchisees in London, Dubai, Madrid, Barcelona, Lisbon, Milan, Berlin, Frankfurt, Toronto and Quebec in Canada, and Mexico.