G'day India!
Last year Nestoria expanded below the equator for the first time, into Australia, of course, and also Brazil. In 2011 Nestoria is going into India .
In order to make it happen some of the team got to visit India, more specifically Delhi, Mumbai and Chennai, where they met with our new partners 99acres, iProperty and Makaan, and learned valuable lessons about the Indian real estate market and the unique ways people live and do business there. Naturally they also took the opportunity to learn a little about the local people and the local scene. J2 reported some of the things he's learned from his first-hand experience of India when he announced the India launch on the UK blog:
We have now learnt that you shake hand with your right hand, we know that Indians never say no and that in Mumbai without a moped, a car, or a truck, you're nobody. Above all, we'd like to remind you all that if the menu says 'spicy food', in India it really means spicy. And even if the menu says the food is not spicy, the fact is that it will still be hot, hot, hot!If that sounds like your kind of place then here's what you could trade into:In beautiful Jaipur you can get a a three bed, three bath penthouse, built less than five years ago for RS59.9 lakhs, which works out to A$130,121 today. Or in Mumbai you can get a flat in this new build with its own fully equipped gym and sauna, located near the building site of a new international airport for Rupee 54,20,500, which is A$117,750. As usual the team have done their best to get things right from the start, but in such a different market of course there are going to be new things to learn, so we're aiming to evolve with ever evolving India. This is the time in these welcome posts that I usually invite you to give us feedback if you have any, both on the new Indian product, or on Australia.







