IRR Dubai by Square Yards Clocks Net Sales of Over USD 10 Million this Festive Season

Business Wire India
Square Yards, a real estate property aggregator platform, conducted the Dubai edition of Indian Realty Revelry (IRR). This was one of the biggest property shows of Indian properties and was a great success. The two day event, which took place on 6th & 7th November at Millenium Plaza Hotel on Sheikh Zayed Road (SZR) saw sales of 60 individual units worth a whopping USD 10 million.
 
                           
The event was visited by over 1000 individuals. One of the key highlights of the event was guaranteed gold vouchers, which was given with every unit sold.  With a total transaction of 60 units, a total of 60 vouchers were distributed.
 
“Besides residential units, there was also considerable interest towards commercial ones, as indicated by the huge response. With the change in investment sentiments of the Indian economy globally, more investments esp from NRI’s based in the GCC region will flow into the Indian market and I see the investment doubling over the next two years” said Anupam Rastogi, Principal Partner & Head International Sales, Square Yards.
 
A range of grade-A Indian & international developers such as World Trade Center, Antriksha, Piramal, Lodha, Brigade, Godrej & Artha etc. participated in the event. The unprecedented success of the event was fuelled by the upcoming festive season of Dhanteras & Diwali, wherein Indian families generally prefer making property purchases.
 
The success of events such as IRR could also be explained on the basis of the rising strength of the NRI populace. It should be noted that NRIs constitute a populace of over one million in Dubai.
 
Recently, NRIs have been proactively looking towards India for investment in the Indian realty market. Presently, one out of three property purchases of a Grade-A property in India is done by NRIs. Besides the love for the country of origin, it is the underlying attractiveness of the Indian realty market that is enticing investment into the country’s real estate industry.
 
In order to attract further NRI investment into the Indian real estate industry, many developers & real estate companies are coming up with attractive schemes, tailor made for the NRI clientele.
 
Events such as IRR are also playing an instrumental role by offering a unique platform to showcase a range of top quality Indian properties to the NRIs.
 
About Squareyards:
 
Square Yards, a real estate startup has recently crossed Rs 100 crore in revenues, with a gross transaction value in excess of USD 450 million. The startup did so by focussing on key business metrics- revenues, profitability and market share. It also scaled up its presence to 21 cities and six countries with an employee strength of more than 900.

Photo Caption: Indian Realty Revelry (IRR), Dubai, 2015