360 Realtors appoints Vivek Kumar as Head, GCC region
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.