India’s economy is worth more than US$2 trillion and is growing more quickly than the global average, reports the World Bank. As a result, the number of ultra-high net worth individuals in India is expected to grow 73% over the next five years.
Indian nationals are already among the world’s most significant buyers of cross-border property, and their share will likely increase in the decade to come. Indians are the third biggest foreign buyer group in the United States, where they acquired residential real estate valued at US$6.9 billion in 2019, according to the National Association of Realtors. They are also the third-largest foreign buyer group in central London, according to industry data.
Say hello to IQI India
Juwai IQI announced its partnership with Pama D’ Globizen to launch IQI India, the first IQI Global agency office in one of the world’s largest real estate markets.
In addition to building a strong, technology-enabled nationwide Indian team of real estate agents, the initiative will enable Juwai IQI to expand the number of Indian users and advertisers on its Juwai.asia portal, the first global property portal for buyers across Asia.
IQI India is here to grow India’s real estate developments and shine in the South East Asia market, through the support of Juwai IQI’s technology.
Are you excited for IQI India?
What will IQI India represent?
Pankaz Jaiin, the Managing Director of IQI, who is located in New Delhi, is the Co-Founder of structured financing provider Pama D’ Globizen and former Regional Director of CIRIL, India’s leading owner-operated commercial real estate brokerage company, Jaiin brings tremendous real estate experience and expertise to IQI India.
Jaiin said, “The team at Juwai IQI have built Asia’s biggest real estate agency network and combined it with Asia’s market-leading global property portals, especially Juwai.asia. By bringing these assets to India, we will transform how the industry markets property and how consumers buy it. With our end-to-end solution, we can provide agents and developers with everything they need to list, advertise, and close the sale, even if the buyer and the property are not in the same location. And we will bring India’s consumers into the global property market so that developers and agents worldwide can benefit from their demand for overseas real estate.”
What will be the role of Juwai IQI?
Juwai IQI Executive Chairman Georg Chmiel said, “The new India team represents a huge step forward for both of Juwai IQI’s businesses, IQI Global and Juwai Limited. India will have a positive impact in the months to come on our agent numbers, advertiser growth, total sales growth, number of listings, and consumer reach.
“One thing we want to accomplish here is to feel the need in India that for an online portal that makes it easy for Indians to buy overseas property. We want to help Indians buy property in their own country and around the world. We advertise more than US$4 trillion of real estate each year, much of which would be of great interest to buyers in India.
“With our fully integrated emerging super app, ATLAS, for real estate agent management, virtual tours, chatbots and other features, our agents can be more productive than competitors.”
IQI Global Group CEO Kashif Ansari said, “We are incredibly excited to have such a celebrated member of India’s real estate industry as Pankaj joining our team.
“Since we founded IQI in Dubai almost ten years ago, our agent network has grown to become the largest in Asia with more than 10,000 salespeople who speak 35 languages. We are delighted to add India to this fast-growing network.”
In addition to the new IQI India, the IQI network already operates in Malaysia, Australia, Cambodia, Canada, Philippines, Thailand, the United Arab Emirates, and Vietnam and has partner or associate firms in several additional countries.
If you wish to know more, please do drop a contact down below and one of our team members will be happy to chat!
Or has your interest in real estate been piqued? Take a chance and join us at IQI and become the next successful agent we are proud to call our own.