The Doha office is the global real estate aggregator’s third in the GCC region after Dubai & Abu Dhabi
Qatar, Oct 09, 2015: Square Yards, a technology-enabled transaction platform for the primary real estate, has opened its new office in Doha. Interestingly, it is the first time that any Indian real estate company has set up its office in Qatar, the richest GCC nation in terms of per capita income. The Doha office is a part of the Square Yards’ relentless international drive and its third office in the GCC region after Dubai & Abu Dhabi.
Commenting on this new office opening, KanikaShori, 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,” further adds Kanika
Qatar has recently evolved as one of the richest & vibrant economies in the world and the nation is investing towards a diversified economy that also involves a very 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 360,000). This reflects a massive potential that wasn’t being utilised well. Through the new office, Square Yards aims to serve the NRI clientele better who probably wants to invest in India but lacks sufficient knowledge.
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.”
Since its inception, Square Yards has been successfully catering to the relatively affluent NRI clientele spread across the globe, through its international offices in 7 countries. This allowed the real estate aggregator to experience a breakeven in just 22 months, in an industry where some of the other incumbents took almost 8 years. As part of its future expansion internationally, Square Yards will soon add other international offices in Canada & Australia. Likewise, there are international offices in the pipeline to be sited in the countries of Kenya, South Africa & USA.
Corporate Comm India (CCI Newswire)
