Juwai IQI Launches IQI India
Asian real estate technology company 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. India’s number of ultra-high net worth individuals in India are 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. Pankaz Jaiin, Managing Director of IQI India, Co-Founder of structured finance provider Pama D’ Globizen and former Regional Director of CIRIL, India’s leading owner-operated commercial real estate brokerage 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.” IQI Global Group CEO Kashif Ansari said, ““Since we founded IQI in Dubai almost ten years ago, our agent network has grown to become the largest in Asia. 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. Picture: CEO Kashif Ansari (left) and Managing Director of IQI India, Pankaz Jaiin (right).
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