Published date | 06 April, 2020

Digital platform launched by Square Yards for realty transactions

100 homes were sold on 31st March alone as people took advantage of lockdown offers by top developers on the platform, resulting in the high number of real estate transactions

The new Square Yards digital platform has got the entire industry talking, not just for its innovative nature but also for the fact that it helped in generating a considerable volume of real estate deals amidst the nationwide lockdown. This digital real estate platform was recently launched by Square Yards, one of India foremost real estate brokerage players and it has generated more than 400 lockdown deals on properties in a short span of time. 

100 homes were sold on 31st March alone as people took advantage of lockdown offers by top developers on the platform, resulting in the high number of real estate transactions. This digital platform will not just help people buy property online but will work as an enabler for end-to-end transactions. The platform automates the entire realty transaction value chain, commencing with presales and online virtual tours. Thereafter, there are facilities like 3D walkthroughs, real-time inventory blocking engine that has been integrated with multiple payment gateways and of course, the post-sales model. This covers online application submission and digital signatures alike. 

Hence, you can easily book your inventory and buy properties in Bangalore/Mumbai/Gurgaon/Pune/Noida with the new Square Yards platform. Integration is currently underway with top banks for this platform to facilitate paperless and instant home loan sanctioning, thereby finishing the whole cycle of purchasing homes without any physical movement. Square Yards has also tied up with some of the country top realty players for the platform. These include Shapoorji Pallonji Real Estate, Godrej Properties, Rustomjee, VTP Realty, Kohinoor, Bhutani Group, Signature Global and more. 

CEO and Founder at Square Yards, Tanuj Shori, has stated that the company was already in preparations for a major structural transformation with regard to realty transactions. He added that the new platform is not a temporary solution for the ongoing lockdown but an instance of an innovative real-world solution that can transform the whole industry. The sales team at Square Yards, comprising of more than 2,500 employees, can leverage high-tech mobile technologies courtesy the new platform. They can now set up digital meetings with clients, share collaterals swiftly and execute other tasks virtually. 

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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.