NoBroker, an India-based pioneering proptech unicorn, has recently expanded its operations by opening a new office in Dubai’s bustling Business Bay. The strategic move by the company aims to meet the growing demand from Non-Resident Indians (NRIs) interested in investing in the Indian real estate market.
NoBroker has already delivered the requirements of NRIs in a number of international markets, including the UAE, Singapore, Australia, and the United States. The new office in Dubai will expand the company’s reach and allow it to provide personalized services to its NRI clients.
NoBroker Uses Technology to Simplify Home Buying and Eliminates the Need for Brokers and Agents
It is India’s first proptech unicorn and has been revolutionizing the real estate industry by leveraging cutting-edge technology and innovative solutions to simplify the home-buying process.
NoBroker has been able to provide cost-effective and hassle-free services to its clients because of its distinctive business model, which eliminates the need for brokers and agents.
NoBroker is strengthening its position as a leading proptech player in the global real estate arena by expanding its operations to Dubai. With its customer-centric approach and commitment to excellence, NoBroker is poised for continued growth and success in the years ahead.
According to Saurabh Garg, co-founder and Chief Business Officer of NoBroker, NRI interest in the Indian residential sector peaked during the Covid pandemic and has since remained strong. He went on to say that when customers have the opportunity to interact with a company representative in person, they feel more confident in their purchasing decisions.
Recognizing the significant presence of the Indian community in the Gulf Cooperation Council (GCC) region, NoBroker has been catering to GCC country demand for years, with a significant portion of its customer base originating from the region.
The decision to establish a physical presence in Dubai’s Business Bay was a natural next step in strengthening the company’s presence in the Gulf region.
As per Saurabh Garg, having a physical office in Dubai will allow NoBroker to provide more customized services to its customers while also reinforcing the trust and credibility it has established in the region.
NoBroker is now well-positioned to capitalize on the growing demand for real estate investment opportunities in India from the GCC NRI community.
It is a prominent player in India’s proptech industry and recently received $5 million in funding from Google to expand its NoBrokerhood services business.
NoBrokerhood is a comprehensive platform that offers a variety of services such as renting, buying, and selling, as well as home services, financial services, and society management services.
NoBroker, a real estate technology startup founded in 2014 by Akhil Gupta, Saurabh Garg, and Amit Kumar, has achieved unicorn status after raising $210 million in a Series E funding round in November 2021.
The round was led by investors such as General Atlantic, Tiger Global, and Moore Strategic Ventures, among others, and brought NoBroker’s total funding to $424 million.
NoBroker has been reshaping the Indian real estate industry by using technology to streamline the home-buying process and eliminate the need for brokers and agents. Customers have saved significant amounts of money kudos to the company’s unique business model, which has also made the process more transparent and hassle-free.
It has emerged as a leading platform for housing societies and apartment complexes in India, with a rapidly growing user base of 25 lakh users. The platform uses technology to automate tasks like bill payments, maintenance requests, visitor management, and communication between residents and management.
The Google funding has shown NoBroker’s innovative business model and the impact it has had on the Indian real estate market. The company’s innovative approach of removing brokers and agents from the home-buying process not only saved customers money but also made the process more transparent and hassle-free.
With the new funding, NoBroker plans to improve its services and expand its reach across India. The company intends to use technology to transform the way housing societies and apartment complexes operate, making community management more efficient and convenient for residents.
The recent funding round has shown NoBroker’s innovative approach’s success and its potential to transform the Indian real estate market. The funds will be used to expand the company’s operations and strengthen its position as an industry leader in proptech.
The achievement of unicorn status by NoBroker is a significant milestone that reflects growing investor interest in the Indian proptech sector.
NoBroker is poised for continued growth and success in the years ahead kudos to its customer-centric approach and commitment to excellence.
It’s latest decision to open a physical presence in Dubai’s Business Bay will benefit NRIs looking to buy property in India.
With a large NRI customer base in the Gulf region, NoBroker’s expansion into Dubai is expected to provide more personalized services while also reinforcing the trust and credibility it has built in the region.