Chestertons Expands into Mumbai Real Estate, Targets Luxury and Premium Segments
Chestertons enters Mumbai market, aiming to tap growing demand in premium and luxury real estate segment | AI Generated Representational Image
Mumbai, April 1: The Mumbai real estate market continues to attract global interest, with UK-based property advisory firm Chestertons making its India debut through a strategic entry led by Justo Realfintech Limited.
The company has launched its India operations under a wholly owned subsidiary, Chestertons India Private Limited, marking a significant expansion into one of the world’s fastest-growing property markets. The move comes at a time when Mumbai and the broader Mumbai Metropolitan Region (MMR) are witnessing strong momentum across residential and commercial real estate segments.
Founded in London in 1805, Chestertons operates in over 20 countries and offers services across residential and commercial advisory, capital markets, leasing, valuation, and cross-border transactions. The firm is also a founding member of the Royal Institution of Chartered Surveyors (RICS), underscoring its global standards in real estate advisory.
Under the arrangement, Justo Realfintech will continue to focus on the mid-income housing segment, typically priced between Rs 50 lakh and Rs 3.5 crore, while Chestertons India will target premium and super-premium housing, including luxury residences, villas, and high-end developments. The new entity will also expand into commercial leasing, capital market advisory, hospitality services, and cross-border investment facilitation, leveraging Chestertons’ international network spanning Europe, the Middle East, and Southeast Asia. This is expected to strengthen access to global investors and non-resident Indians (NRIs) looking to invest in Indian real estate.
Industry experts note that the timing of the entry aligns with strong demand momentum in Mumbai’s premium housing segment, driven by rising incomes, infrastructure upgrades, and increasing participation from global capital. The MMR region, in particular, has emerged as a key investment hub, supported by large-scale infrastructure projects, improved connectivity, and a growing base of corporate occupiers. The entry of an established international advisory brand is expected to further institutionalise the market and deepen investor confidence.
As part of its India strategy, Chestertons India plans to collaborate with Arbour Investments Private Limited for project management consultancy and development management services, subject to regulatory approvals. Pushpamitra Das, Chairman and Managing Director of Justo Realfintech, said the launch marks a strategic evolution of the company’s advisory platform into a full-spectrum real estate services group with a stronger presence in high-value segments.
Mohamed Mussa, Managing Director of Chestertons Global, said India represents one of the most compelling growth markets globally and highlighted the partnership’s ability to combine global standards with local execution expertise. Chirag Mehta, Director at Arbour Investments, added that the collaboration would bring together institutional credibility and on-ground experience to deliver value across the development lifecycle.
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