Vivek Kumar to head Gulf operation of 360 Realtors
Real estate consulting firm, 360 Realtors, has appointed Vivek Kumar as head of its Gulf operations.
In his previous role, Kumar was vice president of western zone at SquareYards. Prior to this, he has worked with real estate consulting and broking firms 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.
“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,” said Kumar.
For 360 Realtors, Gulf is the largest market outside India and contributed 30% or close to Rs 800 crore to its GTV in FY 2017-18. The company said 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.
“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,” said Ankit Kansal, founder and MD, 360 Realtors.
According to 360 Realtors, 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.