360 Realtors appoints Vivek Kumar as Head, GCC region Aims to double the revenue from the region in the next 12 months

  • 360 Realtors to double its workforce to 200+ employees in the region
  • Gulf is the largest market outside of India for the company
  • Gulf contributed 30% or close to Rs 800 crore to 360 Realtors’ GTV in FY 2017-18

New Delhi, December 08, 2018: 360 Realtors, India’s largest real estate consulting company, has appointed ex-JLL executive Mr. Vivek Kumar as head of its Gulf operations. The appointment comes at a time when 360 Realtors is looking to expand in a big way in the region. For 360 Realtors, Gulf is the largest market outside of India and contributed 30% or close to INR 800 crore to its GTV in FY 2017-18. The company announced that it will double its workforce in the region to 200 and expects to double its revenue from the region in the next 12 months.

In his previous role, Vivek was Vice President, Western Zone at SquareYards. Prior to this, he has worked with leading real estate companies like PropTiger and JLL in leadership roles. At 360 Realtors, he will hold the complete responsibility for the Gulf region including planning, business development, sales and team management.

Ankit Kansal, Founder and MD, 360 Realtors said, “We are very bullish about the Gulf region. We have already seen massive growth in the region over the last 2 years and are now all set to move to the next orbit. Vivek, who joins 360 Realtors with a strong experience of spearheading sales across leading real estate consultancies and brokerage firms, is just the right person to anchor our presence there. We welcome him to team 360 Realtors”.

Speaking on his appointment, Mr. Vivek Kumar said, “I am excited to join 360 Realtors and work with a serial entrepreneur like Ankit who is redefining service delivery in the customer brokerage sector in India. With depreciating rupee and growing buyer confidence in the Indian real estate sector post regulations like RERA, the NRI investment in Indian real estate is on the rise, especially from the Gulf.”

The Gulf region is the largest foreign investor in Indian real estate contributing around 45% in terms of value of investments. Nearly 30% of the investments from the Gulf are currently directed towards the Mumbai Metropolitan Region (MMR), while the rest of it is divided between NCR, Bangalore, Pune and Hyderabad.

Corporate Comm India(CCI Newswire)

Recent Posts

Line Investments & Property SP LLC Triumphs with 21Awards at MECS+R MENA 2024

Riyadh, November 07, 2024: Line Investments & Property SP LLC, a prominent subsidiary of LuLu…

8 hours ago

Intellion Offices by Tata Realty & Infrastructure Ltd Posts 60% YoY Growth in GCC Absorption

First half of FY 25 continued with strong GCC demand with 80% contribution in space…

9 hours ago

Champion REIT Recognised as ‘GRESB Global Listed Sector Leader’

- Sustainability Leadership Shines in 'GRESB Real Estate Assessment' and 'GRESB x HERA Standing Investment…

1 day ago

GCCA India joins hands with Xynteo’s Build Ahead coalition to decarbonise India’s construction sector

Mumbai, November 06, 2024: The Global Cement & Concrete Association (GCCA) India and Xynteo announced…

1 day ago

Sohna emerges as new micro-market in Delhi-NCR; set to add 16000+ residential units in 3 years

New Delhi, November 05, 2024: Haryana’s Sohna is emerging as a new micro-market in the…

2 days ago

Neo Developers Pvt Ltd. Appoints Manpreet Kaur as President – Sales

New Delhi, November 04, 2024: Neo Developers, a leading real estate company has announced the…

3 days ago