Office in UAE will serve NRIs and High Income Individuals (HNWI) with project proposals across India, said the real estate consultant.
The company has set an annual target income of Rs 1,000 crore from NRI sales in projects spread in Mumbai, Pune and Bangalore.
The company brought in revenue of Rs 6,000 crore to its partners in the Mumbai Metropolitan Region (MMR) during the pandemic.
“Our office in Dubai will become a global ecosystem for NRI and HNWI looking to invest in Indian real estate. We will offer a wide range of projects for different segments – from affordable and mid-range housing to premium, luxury and ultra-luxury real estate. We are confident that our overseas operations will provide our partners with the right network to sell their projects to the world’s best audiences, ”said Ram Naik, CEO of The Guardians Real Estate Advisory.
The recent cuts in real estate rates, the depreciation of the Indian rupee, tighter regulations and increased transparency in the form of RERA, along with our sales expertise, will attract the best foreign investors and NRIs for our real estate clients, he said.
The company is optimistic about its international operations, in part because of the current sentiment of the NRI, and in part because of its success in keeping the Mumbai real estate market optimistic during the pandemic.
According to the latest estimates, non-residential Indians invested $ 13.3 billion in the Indian real estate market in the 2020/21 fiscal year, which is Rs 98,748 crore.
The consultant said The Guardians hopes to tap into this large investment, which is up 6.4% from the previous fiscal year, even as general market sentiment has deteriorated due to the pandemic.