Square Yards forays into the Indian real estate market
Started with a modest investment of USD 8 million in October 2013 and a sole aim of helping NRIs across the Indian Diaspora to invest in the domestic real estate market, the company has already helped market approx USD150mn worth of real estate transactions generating revenues to the tune of approx USD10-12mn and is looking to expand its operations across geographies.
The company is further planning to invest USD25mn in next 12 months along with expanding its presence in 10 countries and 25 Indian cities by signing up over 2000 employees across geographies.
The real estate advisory firm is forecasting next year’s top line at approx USD30mn and is also working towards consolidating mind and market share in real estate advisory services and plans to entrench financial advisory space.
In India, the company has established offices in 14 cities across the country and will focus on helping Indian real estate investors (across segments - affordable to premium) choose the most suited property as per their needs and budgets. It has partnered with over 500 tier A developers including L&T Realty, TATA Housing, Lodha, Hiranandani, Mantri, DLF, Vatika, Rustomjee, Adani and is on track to operate at a global network and tap across borders real estate opportunities.
Founded by an NRI husband-wife duo of Tanuj Shori, (an ex-Executive Director at global investment bank, Nomura International) and Kanika Gupta, the company envisions to be one of the biggest organized players in Indian real estate consulting, offering one-stop solution for all property related needs. The couple ventured into business after they themselves faced multiple problems when buying property in India and decided to establish right channels for investment in India’s real estate.
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