NoBroker Expands From India to Dubai to Serve NRIs

March 24, 2023
Share this Post: 

The Indian real estate marketplace operator NoBroker has opened an office in The UAE. The new office has been set up in Dubai's Business Bay to cater to non-resident Indians (NRIs) who are interested in purchasing property in India.

Saurabh Garg, Cofounder & Chief Business Officer of NoBroker said, “The NRI interest in the Indian residential sector had peaked during Covid and is still quite strong. We realized that customers feel more confident about their purchase decisions when dealing with a company representative in person. GCC has a very vibrant Indian community.

We have been catering to the demand from GCC over the years and a large percentage of our customers are from the region. So, this office space was a natural step."

The move to expand overseas comes hot on the heels of a $5 million funding round from investors that included Google, General Atlantic and Tiger Global.

Founded in 2013, NoBroker is a property sales and rentals marketplace that cuts out third-party agents. The company charges a subscription fee to users and has also moved into adjacent areas such as cleaning, decoration, pest control, community management and repair services in recent years.

The company claims to be India's first PropTech unicorn after raising a $210 million Series E round back in November 2021.

March 24, 2023
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Purplebricks Profit 1
Purplebricks Slashes Prices as New Owner Vows to 'Disrupt' Once Again

The new owner of Purplebricks has cut prices in his first move since snapping up the beleaguered portal for just...

Read More
Homesnap Closure
CoStar Group to 'Sunset' Homesnap in Favor of

CoStar is set to sunset Homesnap and replace it fully with the Group's in-house brand by the end of...

Read More
Powerleads Ai Zumper
Zumper Latest Portal to Integrate ChatGPT Plugin

Zumper, a leading provider of rental industry software, has announced its collaboration with OpenAI's artificial intelligence engine, ChatGPT. The partnership...

Read More
Meta Egypt
Meta Egypt Launch Announced as Estate Waves and Coldwell Banker Egypt Team Up

Real estate marketing company Coldwell Banker Egypt has teamed up with Estate Waves to announce the launch of a new...

Read More

Editor's Pick