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PropTiger.com, News Corp-backed realty portal, has announced its global expansion plans with its first overseas office in Dubai. The company seeks to grow residential brokerage business by tapping rising demand from NRIs amid fall in the value of rupee.
PropTiger said, "The company's strategic international expansion marks an important milestone in its journey and comes on the back of a strong seven-year track record of helping customers buy over USD 2.2 billion worth of residential properties across India."
PropTiger.com is looking to expand across other parts of the UAE as well as to Gulf Cooperation Council (GCC) countries and beyond, over the next three years. It is part of Singapore-based Elara Technologies, which owns Housing.com and Makaan.com.
Dhruv Agarwala, CEO of Housing.com, PropTiger.com, and Makaan.com, said, "PropTiger.com has established itself as a trusted home buying partner for customers across India. We see great opportunities in the UAE market. It is a dynamic region with an enormous potential and a large presence of the Indian diaspora."
"NRIs contribute almost 20 per cent of our revenues and our goal is to double this to 40 per cent over the next three years by establishing our presence across geographies with a significant presence of the Indian diaspora," he added.
