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Shajai Jacob Joins ANAROCK as CEO - GCC (Middle East)

Press Trust of India  |  MUMBAI and DUBAI 

/ -- To expand ANAROCK's UAE presence with new offices in Oman, Bahrain, & by 2019 end

ANAROCK Property Consultants today announced that sales & marketing veteran Shajai Jacob, previously - Marketing (West Asia) at international property consultancy JLL India, has been appointed as - GCC (Middle East). He will be based out of ANAROCK's office and will have complete oversight of the firm's brokerage operations across the & North African countries.

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Anuj Puri, - ANAROCK Property Consultants says, "We are excited to have Shajai on board to spearhead our rapidly growing Middle Eastern business. Shajai is perfectly aligned with our vision of becoming the most preferred, one-stop, technology-powered residential services firm in the GCC region. He will expand our presence beyond our existing operations with 4 new offices in Oman, Bahrain, and over the next 3 quarters. Having worked closely with him for nearly a decade, I have complete confidence in Shajai's ability to implement our ambitious plans for the "

ANAROCK has successfully tapped into the massive cross-border NRI interest from the Gulf countries for Indian As per ANAROCK's recent Consumer Sentiment Outlook survey, Indian continues to be the favourite investment option for most NRIs. As many as 78% NRI respondents prefer real estate over other asset classes thanks to India's rebooted regulatory environment and the evergreen desire to own properties in their home country.

NRIs account for approx. 30% of the total sales in housing projects by the most reputed Indian developers. Adding impetus to the demand from NRIs in the recent months is the slide in rupee exchange value, which translates into a corresponding drop in property prices. Another factor sweetening purchase deals is the ability for NRI investors to cherry-pick hard bargains within the current sluggishness in India's residential sector.

"I am delighted to join Indian real estate's dream team under and other leading industry stalwarts," says "Growing ANAROCK's operations in the for both Indian and international properties is an exciting opportunity. While itself contributes 60% of the overall sales of Indian properties across the GCC region, this is only the tip of the iceberg. There is limitless untapped potential for an organized and professional, technology-driven firm like ANAROCK. The GCC region will be a major focus area for the Firm in terms of business growth going forward. We are adopting a 50:50 approach of business focus aligned to as well as the key Middle Eastern countries."

Shajai's 18+ years of rich experience in building brands and widening the visibility and scope for leading businesses will come into full play in his new role. He brings to the table his deep expertise across national and international markets. In the past, he worked with major firms such as Hindustan Unilever, YES BANK, United Spirits, and He holds a Master degree in Business Administration.


The is India's leading specialized company with diversified interests across the Anuj Puri, the Group's chairman, is a highly-respected industry veteran and India's most in the He has over 27 years expertise in leveraging Indian and global

ANAROCK Group's key strategic business units are Residential Broking & Advisory, Retail Transactions & Advisory, Capital Markets, Hospitality, Investment Management, Land Servces, and Research & Consulting. ANAROCK's growing business teams account for 1,800 of the real estate industry's most qualified and experienced professionals. With operations across all major Indian markets and dedicated services in Dubai, ANAROCK also has global business coverage via over 80,000 hand-picked channel partners. Every facet of ANAROCK's rapidly-expanding business portfolio is governed by the Firm's core assurance to its clients and partners - Values over Value.


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 05 2018. 11:45 IST