Real estate prop tech firm, Square Yards, has recorded more than 75% growth in its international business in 2018, surpassing Rs. 1100 crore in gross transactional value (GTV). The Company also stated that it has registered significant growth in all other segments of businesses, namely, India Primary, NRI and Mortgages and also registered an overall GTV of Rs. 5000 crore for the calendar year 2018, which is quite impressive. The pack of international cities that have contributed considerably to the GTV of the company is led by Dubai, followed by Toronto and Melbourne. Square Yards has also established a strong presence in terms of NRI operations in 13 international cities, namely Abu Dhabi, Doha, Dubai, Kuwait, Sharjah, Hong Kong, Muscat, Melbourne, Singapore, Sharjah, Sydney and Toronto.
Tanuj Shori, Co-Founder and CEO of Square Yards, has affirmed in an official statement that 2018 has marked a new milestone in the journey of the company with international property division reaching newer milestones. Its international operations have scaled up significantly in 2018 with noteworthy addition to its teams and formidable agent network. The segment has made a contribution of 22% of revenues as well as GTV for the year 2018. He further added that the company aspires to build further on these strengths and set new benchmarks in global real estate transactions space, besides its operations in India, in 2019.
Square Yards has aided real estate investments worth more than $2 bn through its direct presence of more than 2000 employees in over 20 Indian cities and over 10 international locations.
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.