NoBroker, India's first proptech unicorn, expands to Dubai's Business Bay to cater to the growing demand for Indian properties from NRIs. The company has already been serving international markets such as the UAE, Singapore, Australia, and the USA.
The COVID-19 pandemic has led to an increase in demand for Indian properties, especially from NRIs. The NRI interest in the Indian residential sector peaked during the pandemic and is still quite strong.
NoBroker aims to provide a personalised experience for its customers and strengthen its relationships with them. Customers feel more confident about their purchase decisions when dealing with a company representative in person.
Dubai's Business Bay is an ideal location for NoBroker's expansion due to its central location and large Indian community. The GCC has a vibrant Indian community and NoBroker has been catering to the demand from the GCC over the years.
NoBroker offers a range of services, including renting, buying, selling, home services, financial services, and society management through NoBrokerHood. NoBrokerHood currently has 25 lakhs using its services.
NoBroker's innovative business model eliminates brokers, making the process hassle-free for its customers. This has been a key factor in its success.
NoBroker has recently raised 5 Million from Tech giant Google in an extended Series-E round. The partnership with Google will be leveraged to build unique tech solutions focusing on NoBrokerHood.