Square Yards, a technology-enabled transaction platform for the primary real estate, has now expanded its operations internationally by opening a new office in Doha. With this, the company has become the first Indian real estate company that has set up its office in Qatar.
The new office is a part of company’s relentless international drive. This is its third office in the GCC region after Dubai & Abu Dhabi. Qatar has recently evolved as one of the richest & vibrant economies in the world. Through the new office, Square Yards aims to serve the NRI clientele better who probably wants to invest in India but lacks sufficient knowledge.
Qatar is also investing towards a diversified economy that involves well-regulated & transparent real estate industry. The total Indian population comprises of over 500,000 with nearly 30% qualifying in the Middle/ Upper-Middle Income category with an average monthly salary of around QAR 20,000 (INR 3,60,000), reflecting a massive potential that wasn’t being utilized well.
Commenting on this new office opening, Kanika Shori, COO of Square Yards, said –
The opening up of this office is an integral part of the Square Yards’ strategy to capitalise on penetrating further into the NRI section living in the GCC nations. It will enable the company to focus more squarely on the NRI populace living in Qatar & introduce well-structured real estate investment deals from India, GCC & other parts of the globe to the prospective investors & home buyers.
Nevertheless, this is a section that is still underserved & there exists further scope of improvement. Our business mantra lies in offering the right advisory about where & what to invest & putting in place a systematic framework that can handhold the investors & take them through the entire transaction process in a hassle-free & transparent fashion.
Anupam Rastogi, the Head of Square Yards in the GCC & Africa region commented –
Qatar’s aggressive economic expansion plans in conjunction with its preparation for Soccer World Cup 2022 is expected to bring in more qualified Indians to join the nation in the near future- indicating more opportunities.
As part of its future expansion internationally, Square Yards will soon add other international offices in Canada & Australia. Likewise, it is also planning to set up international offices in the countries like Kenya, South Africa & USA.
Founded in 2013, Square Yards is growing at a scorching pace, and has already the #1 pan-India distributor by revenues for the primary residential real estate in India. It has established its presence in 21 Indian cities, 6 countries and serves more than 3,500 satisfied customers.