Millwood Kane International partners with Ayia Napa Marina, Cyprus in India
Millwood Kane International (MKI) an investment consulting firm with real estate at its core announced its partnership with Ayia Napa Marina, Cyprus’s flagship development to promote the brand in the Indian market. With a great history of working with partners to deliver strong returns on their real estate investments, Millwood Kane International brings 25 years of knowledge and insight into various industries and markets enabling clients to harness lucrative and creative cross-border opportunities across Europe, Africa and Middle East using Cyprus as a hub.
A 300 million-euro project, Ayia Napa Marina aims to tap into the niche Indian audience looking for attractive investment options along with luxurious lifestyle offerings. Positioned as an ultimate residential yachting destination, Ayia Napa Marina offers an unparalleled lifestyle with the finest nightlife, recreational and shopping experiences, customised at the discerning few who appreciate and desire for the perfect intersection of nature, leisurely comfort, and community living.
Strategically located in the eastern Mediterranean at the crossroads of three continents – Europe, Asia and Africa – Cyprus is a safe haven blessed by beautiful nature, year-round sunshine, modern infrastructure, a high standard of living and a genuine culture of warmth and hospitality. Fully compliant with EU laws and regulations, Cyprus’s simple and transparent tax system is one of the most attractive in Europe. Its modern legal system is widely recognized as being effective and business-friendly and the destination offers a modern, competitive and simple business environment coupled with a high quality of life making it an ideal place for both visitors and investors. According to a research report by Knight Frank, 20% of the Indian buyer preference is for a villa, since countries such as Cyprus and Sri Lanka are seen more as second home options and holiday destinations. As investment is the prime reason for Indian buyers, a shift in lifestyle and the option to gain permanent residency or citizenship are other factors that attract resident Indian buyers to foreign shores like Cyprus.
Speaking on the partnership, Nish Bhatt, CEO, Millwood Kane International, said, “India is a huge and potential market for us. Indian HNI’s are heavily investing in real estate in other countries and the numbers have grown by 166% in the last 10 years. Almost 50% of all India’s UHNWI** & HNI* have foreign real estate in their portfolios, which is the highest in the world. Which makes this partnership very meaningful for us as we wish to deliver to our Indian clients the most exclusive options to accommodate their investment decisions. We are trusted by our clients to help them handpick the best cross border investments and with Ayia Napa Marina, we wish to bring Indians one of the most highly sought maritime, commercial and residential developments on the island.”
Harris Koureas, Deputy CEO of Ayia Napa Marina Cyprus said, “We are extremely happy to be introducing our most modern integrated luxury marina development today in the Indian market. Cyprus makes for an ideal investment destination for Indians seeking high yield returns, great infrastructure and quality of living. With its uniquely distinct positioning, Ayia Napa Marina marries luxury living with beauty of nature with breath-taking panoramic views of the Mediterranean, the marina, spectacular beaches and a quintessential modern lifestyle. We are very positive to see a high interest level in the Indian market for our very first venture and look forward to revealing the ANM luxury villas and the East Tower today bundled with a limited incentive offer.”