It hardly needs to be mentioned that be it in any part of the world, real estate is one of the biggest sectors. according to market speculations, the Indian real estate market will touch US$ 180 billion by 2020 and the housing sector is likely to contribute around 11% to India’s GDP by 2020. Tanuj Shori, along with his spouse Kanika Gupta Shori, founded Square Yards, as an endeavour to innovate and solve the issues faced by the common real estate investors. The objective with which he had laid the foundation of the company remains the same till date: to handhold the average buyer and offer unbiased, transparent and trustworthy information to those looking to buy/invest in real estate. The company has also earned a reputation in terms of supporting the customers with guidance on other processes involved in buying property, such as taxation, documentation, registration, and financing.
Incepted with just 3 people on-board in a small office in Hong Kong, Square Yards, a real estate start-up, in today’s times, boasts of more than 1800 employees in 36 cities in 10 countries including India, UAE, Qatar, Oman, Bahrain, Singapore, Hong Kong, UK, Australia, and Canada. An IIM graduate with more than 8 years of experience in Capital Markets before treading on the entrepreneurial path, Shori is a firm believer in the concept of empowering people as he holds that a company is only as good as its people. One of his key mantras is to encourage them so that they take ownership, and he also stresses on developing an aggressive corporate culture and focus on excellence in execution. He achieves this by hiring sales leaders who adopt a proactive approach and are well-equipped to build and manage large teams.
It is interesting to note that Square Yards has pioneered a new approach wherein they have introduced the concept of Principal Partners wherein each one acts as mini-CEO of their own vertical. When it comes to sales, they have adopted the concept of P&L account wherein every P&L Head is accountable for the profit and loss of their individual units. Besides, many of the practices followed by Square Yards, have become industry benchmarks of today’s times. These include, its unique sourcing strategy, multichannel distribution, sales metrics, and incentive structure, etc. Finally, what makes Square Yards a winner in the market is the fact that it is heavily PR-focused company that strongly emphasizes on the kind of people it hires and the opportunities it provides to them. Besides, the company has also managed to strike a fine balance between profitability and growth by manifesting flexibility and dynamism with its business model.
Square Yards is a technology-enabled, global real estate aggregator and India’s largest player for primary residential real estate. It’s subsidiary Square Capital is one of the largest marketplace for secured mortgages in India. Square Yards platform offers an integrated consumer experience & covers the full real-estate journey from search, discovery to research, transactions, home loans and post-sales service – fully integrating buyers to an extensive network of 500+ partner real estate developers, and 90+ banks & NBFCs. Square Yards is led by accomplished professionals, ex-bankers, and Ivy school alumni and is backed by the competence of more than 2500 employees in 30 cities and ten countries.