MUMBAI REALTY CONSULTANT FORAYS INTO THE Rs 1 TRILLION NRI MARKET, EYES Rs 1000 CR FROM DUBAI OFFICE
Mumbai 31st August 2021: The Guardians Real Estate Advisory, India’s leading one-stop real estate solution provider has formally entered into the ₹1 Trillion NRI real investment market with its first overseas office in Dubai. The office in UAE will cater to the NRI and High-Net-Worth Individuals (HNWI) with the best-in-class project offerings spread across India. According to recent industry estimates, the Non-Residential Indians have invested $13.3 billion in the Indian real estate market in FY 21, which roughly translates into Rs.98,748 crore which as close to 1 Trillion Indian Rupees.
The Guardians is trying to tap these huge volumes of NRI investments that are coming into the Indian real estate, which as per some industry estimations has climbed up by over 6% in FY21 and may grow at 12% in FY22. The company has another reason to be bullish on the international operations, which is its recent success in keeping the Mumbai realty market upbeat during the pandemic period. The company has generated revenue of ₹6,000cr for its partner developers in the Mumbai Metropolitan Region. The Guardians has attained this huge success during a time when the entire real estate market was grappling under the worst nightmare of the pandemic.
Speaking on the development, Mr. Ram Naik, Executive Director, The Guardians Real Estate Advisory, expressed, “Our Dubai office will be a global ecosystem for the NRIs and HNWIs who are looking to invest in Indian real estate. We will be offering a wide range of projects cut across the segments – starting from affordable and mid-segment housing to premium, luxury and ultra-luxury properties.” “We are confident that our overseas operations will provide the right network for our partners to sell their projects to the best global audience.” Mr. Naik further emphasised that the recent rationalization in pricing, depreciation of the Indian rupee, stricter regulatory measures and increased transparency in the form of RERA, along with our vast sales expertise will bring the finest foreign investors and NRIs for our developer clients.
The Guardians Real Estate Advisory International will offer state-of-the-art marketing and sales solutions for partner developers who are looking to draw in significant real estate participation from NRIs. The formal announcement about its overseas operation was made at a grand event organized for The Guardians’ trusted channel partners at a five-star venue in Mumbai. The company has set an annual revenue target of Rs.1000 Cr from NRI sales in projects spread across Mumbai, Pune and Bengaluru.