Published date | 23 July, 2019

Tribune Story named Back to Basics quotes Tanuj Shori

Premium housing unit sizes have already shrunk between 12-16 percent in metros as new-age buyers value location over unit size.

Mr. Tanuj Shori, one of the dynamic and visionary entrepreneurs of the times, has once again been quoted by The Tribune in its pioneering story entitled Back to Basics that was dated on the 6th of April, 2019. The story covered the luxury residential real estate segment in the country and the quote of Mr. Tanuj Shori, the CEO & Co-Founder at SquareYards, was the following:

In line with this distinct trend, premium housing unit sizes have already shrunk between 12-16% in metros as new-age buyers value location over unit size. Several industry experts also expect that the slow but steady recovery of India’s real estate sector should gain more momentum by end 2019 although positive winds were seen right from 2018 itself.

Mr. Tanuj Shori’s quote is an insightful one which helps understand the desires of contemporary homebuyers. He emphasizes on location above all else as a key criterion for buying apartments as far as buyers are concerned and unit sizes take a backseat if a prime location is found. This is why unit sizes have come down in key metro cities with developers looking to make housing units more accessible to a wider spectrum of buyers. The mid-luxury housing category, as per experts, should be a major contributor towards the resurgence of luxury realty in the country. Affordable premium housing units or affordable luxury as it is dubbed, should be a major value proposition for a larger number of buyers in the future. Real Estate developers will also be reshaping product offerings to cater to them accordingly. This is where Mr. Shori’s insights are invaluable indeed.

Tanuj Shori Tanuj Shori Uae Square Yards CEO

Real estate brands are tapping...

On the supply side, post RERA,...

04 November, 2019

Tanuj Shori, UAE-Based Enterpr...

Over the past 12 months, Squar...

23 August, 2019

The Year Boys Became Men - - - - - -

Last quarter, Q4 FY18, was a p...

22 August, 2019

GST Rate Cuts To Boost Real Es...

The GST Council had slashed th...

21 August, 2019

Square Yards Clocks 75 Growth ...

Square Yards, one of the large...

20 August, 2019

Will the next big urbanization...

Studies estimate that the pote...

11 December, 2019

Real estate brokers adapt to d...

"In today's competitive real e...

03 December, 2019

Square Yards posts 56% of reve...

Tanuj Shori. Square Yards has ...

19 November, 2019

Second Annual Proptech Conclud...

Real estate is still expensive...

05 November, 2019

Real estate bets big on festiv...

Traditionally, the festive sea...

23 October, 2019

Square Yards Recognized as 201...

Square Yards Recognized as 201...

11 October, 2019

Square Yards Bagged Golden Bri...

Square Yards has bagged anothe...

14 September, 2019

Square Yards Has Won Real-Esta...

Square Yards has won "Real-Est...

12 September, 2019

Square Yards Awarded With Prop...

Square Yards conferred with th...

01 September, 2019

Square Yards Recognized At The...

Square Yards felicitated at th...

17 August, 2019

Expansion is a natural busines...

Square Yards has made a big di...

21 August, 2019

Related Articles

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.