Forays into Kuwait and Bahrain
UAE/India, April 11, 2019: Charting out an unprecedented growth in the global real estate arena, Square Yards, India’s largest proptech company has recently announced its expansion in the Gulf region by inaugurating two new offices in Kuwait & Bahrain in addition to its exiting presence in Abu Dhabi, Dubai, Doha, Muscat, and Sharjah in the Middle East.
Indians form the largest expat group in Kuwait with an estimated million Indians residing in the country. In Bahrain as well, Indians form a significant expat group with estimated 400,000 Indians living in the country.
“Gulf has been an important market for us, and it has our biggest presence outside India. The offices in Kuwait and Bahrain is in line with our commitment towards our goal to be the partner of choice for the local Indian Diaspora. Presence in these regions will further our geographical reach and help consolidate our position as the largest real estate player for NRIs in the Middle East,” Anupam Rastogi, Principal Partner & Head of NRI Sales, Square Yards, quoted on the occasion.
Started in 2013, Square Yards has significant NRI operations across the globe and is also present in Australia, India, Oman, Qatar, U.A.E., Canada, Hong Kong & Singapore. It offers 360-degree property investment solutions to NRIs with dedicated NRI support desks, to assist with the complete buying journey.
Apart from Indian residential real estate, the company also facilitates the purchase of off plan options in the Gulf Markets and has partnered up with top developers like Emaar, Meraas, Damac, and Danube for its Middle East operations.
It is also building upon its proptech capabilities with the technology being recognized at the Gulf Real Estate Awards, 2019 recently. The firm offers seamless customer experience through its consumer progressive app as well as an online portal for portfolio tracking.
The company plans to increase its team strength in the Gulf to 500 and is targeting a Gross Transaction Value of $600 mn. from its international business in 2019. It also plans to set up operations in Saudi Arabia in this calendar year.