Forbes Properties India

About Forbes Properties India

Forbes Properties India — operating formally as India Forbes Global Properties — is the Indian arm of the United States-headquartered luxury real estate network Forbes Global Properties. Formed in December 2020, Forbes Global Properties entered India through a membership network model and already has a presence in 26 countries where 17,000 agents provide real estate services to clients. The Indian entity was officially launched in January 2024 with a clear positioning: ultra-luxury homes, branded residences, and advisory services for high-net-worth and ultra-high-net-worth buyers.

The US-based parent announced its foray into the Indian real estate market to offer brokerage services for luxury homes and also build two projects covering 10 million square feet in Mumbai and Delhi in tie-up with landowners. The company is led by Chairman A.K. Sharma, a retired 1987-batch IPS officer of the Gujarat cadre, with Mona Vij as Director and Sanjay Kackar as Chief Business Officer. India Forbes Global Properties operates across multiple verticals — Development & Management of Properties, Advisory, Financial Services and Facility Management. The Indian entity is privately held and pays a membership fee to the global parent; it is not listed on BSE or NSE. Headquarters: New Delhi, with operating presence in Mumbai and Goa.

Track Record

Buyers must understand a critical fact upfront: Forbes Properties India is a young entrant, not a legacy developer with decades of delivered projects. The Indian venture was launched publicly in January 2024 and currently operates primarily as a development management and brokerage platform rather than a traditional ground-up builder. As of 2026, the company has zero independently delivered projects in India — its model relies on partnerships with established landowners and developers.

• Delivered projects (India): 0 — the company is in the development stage of its first announced projects
• Announced/under-development pipeline: Approximately 10 million sq ft committed across Mumbai and Delhi
• Cities of operation: 3 — Mumbai, Delhi-NCR, Goa (initial focus markets)
• Globally, Forbes Global Properties has grown significantly over the past five years, with more than 600 offices across 38 countries.
• Business model: Membership network + development management + luxury brokerage (asset-light)

Notable Projects

The portfolio is largely announcement-stage rather than delivered. The flagship pipeline projects are listed below:

As a starter, India Forbes Global Properties would develop a 100-acre mixed-use project in Navi Mumbai in partnership with Orange Smart City, which is developing 1,200-acre integrated townships, and is also in talks to develop a 7-acre commercial project near the Delhi Airport.

Important note for buyers: Do not confuse Forbes Properties India / India Forbes Global Properties with Forbes Real Estate, a separate entity under the Shapoorji Pallonji Group's Forbes & Company Ltd, which has delivered Vicinia, the premium residential experience in Powai, featuring eight elegant multi-storey towers with world-class living experiences and facilities . The two are unrelated despite the shared "Forbes" name.

Latest Activity by Forbes Properties India

• Feb 2026 — Forbes Global Properties announced "Mission 2030," a long-term strategic vision for India, outlining a disciplined and standards-led approach to luxury real estate across residential, commercial and advisory segments.
• Feb 2026 — Mani Gupta, Director, Forbes Global Properties India, said the Mission 2030 vision places particular emphasis on branded residences, a segment gaining traction among Indian buyers.
• 2025 — Quiet operational year focused on partner curation, brokerage onboarding and pre-launch marketing for pipeline assets in Navi Mumbai and Delhi NCR.
• Jan 2024 — US-based Forbes Global Properties announced its foray into the Indian real estate market to offer brokerage services for luxury homes and build two projects covering 10 million square feet in Mumbai and Delhi in tie-up with landowners; A K Sharma was named Chairman of the Indian venture.
• Jan 2024 — India Forbes Global Properties FGP tied up with PE Analytics, jointly committing to 100 acres of development and management.

Honest assessment: Activity has been measured, not aggressive. The brand explicitly favours discipline over speed — the company has stressed that its India strategy would be measured rather than expansionary, saying "This is not about rapid expansion. It is about building presence with purpose." Buyers expecting a high-velocity launch pipeline should temper expectations.

Delivery & RERA Compliance

This is where genuine homebuyers must apply extra caution. Because Forbes Properties India is a new market entrant operating largely under a development management and membership-network model, the public RERA footprint under the "India Forbes Global Properties" name is minimal as of 2026. RERA registrations for the projects in the pipeline (Navi Mumbai, Delhi, Goa) are typically filed under the local development partner's or landowner's SPV name — not directly under Forbes branding. Always verify the actual RERA registrant on the MahaRERA, GoaRERA or HRERA/UPRERA portals before booking.

• RERA-registered projects directly under Forbes Properties India name: Negligible / project-specific SPVs
• Documented RERA complaints: No material complaints traced against the brand in Indian consumer forums to date — but this reflects the brand's youth in India, not a long clean track record
• Delivery delays history: Not applicable — no completed independent deliveries yet to assess
• Transparency risk: Buyers must do additional due diligence on the actual builder partner behind any "Forbes-branded" project, since Forbes itself is often the brand and advisory layer, not the construction entity

The clean slate is not the same as a proven track record. Treat this developer like any new luxury entrant — insist on escrow compliance, verify the RERA registrant, and inspect the financial standing of the JV partner.

Awards & Recognition

• Global brand strength — Forbes Global Properties leverages the 100-year-old Forbes media legacy and a digital audience of more than 140 million people for property marketing
• Network scale recognition — more than 600 offices across 38 countries as of 2026
• Industry awards (India-specific): No CRISIL or ICRA developer ratings yet (the entity does not have public bond/debt ratings), and no major Indian real estate awards (CNBC, ET Realty) have been announced for the India arm as of early 2026
• Listing status: India Forbes Global Properties is privately held and not listed on BSE or NSE; the parent Forbes Global Properties is also a private US entity

Builder Scorecard by RealtyPromoo

Why Choose Forbes Properties India

Reasons it could work for you:

• Global luxury network access — buyers gain visibility for resale across 38 countries, valuable for UHNI investors with international portfolios
• Curated partner selection — the development management model means Forbes filters out weaker builders, theoretically reducing buyer risk on partner due diligence
• Branded residences expertise — "As branded residences gain momentum in India, Mission 2030 focuses on implementing them in a more professional and integrated manner" — relevant if you specifically want the branded segment
• Advisory + financial services bundle — useful for buyers who want one window for purchase, asset management and exit
• Discipline-led growth — measured launch cadence reduces over-leverage risk versus aggressive peers

What could be better — and you should know:

• No delivered Indian projects yet — you are buying into a brand promise, not a track record on Indian soil
• Brand premium is real — Forbes-branded residences will command a 15–25% premium over comparable non-branded luxury, which may not always translate to proportional resale upside
• RERA accountability is layered — the actual RERA registrant is usually the JV partner; if disputes arise, recourse is against the local SPV, not the global Forbes brand
• Limited city footprint — only Mumbai, Delhi-NCR and Goa for now; Bangalore, Hyderabad, Pune buyers are not currently served
• Not for mid-segment buyers — entry tickets are firmly in the ₹3 crore-and-above bracket; this is not a mass-market builder

RealtyPromoo verdict: Forbes Properties India is best suited for HNI and UHNI buyers who specifically want a globally-marketed branded residence and are comfortable underwriting the underlying JV partner. Volume buyers and value-seekers will find better proven track records elsewhere.