In a move to cater to tenants and landlords/property owners alike, Square Yards, India leading online real estate brand, has unveiled its mobile app-based rentals and property management solution which will take care of a wide range of services including home repair and maintenance services, the best tenant screening services online and also helping generate rent agreements with a few clicks.
From online tenant screening to a plethora of other facilities
The mobile app has been launched with Azuro, the Mumbai-based startup catering to property management and rentals. Properties can be rented out much faster by landlords along with offering facilities like tenant background checks and automated online collection of rent. The app can be downloaded from the Apple App Store and Google Play store alike, enabling smoother management of showings for landlords.
Rental agreements online and a bevy of other features
Azuro has its own scouting teams in place for carrying out verification and screening along with other rental background checks done. There is a provision for generating house rent agreements and signing them digitally while online repair and maintenance and rent collection is automated via a click. In addition to finding a transparent rental agreement format in Word and all other necessities, tenants can get swift payment provisions including payments via credit cards and rental receipt downloads. Their requests for maintenance will be handled by Azuro property management teams.
CEO and Founder at Square Yards, Tanuj Shori, stated that property management and rentals represent hugely lucrative market opportunities in India. Tenants require a completely online process for rentals including maintenance, payments and agreements while landlords face issues with factors like quality tenants, maintenance needs and payment follow-ups. The app is a win-win solution for both consumer categories according to Shori. Azuro was acquired by Square Yards back in February this year, making it a full stack service provider for real estate. Azuro currently manages 1,500 properties in 5 Indian metro cities with annual rentals of approximately $6.5 million. More than 25 realty players including big names such as Godrej, DLF, M3M, Mahindra Lifespaces, L&T Realty and Emaar, have inked exclusive tie-ups with the company over the last 3 months. These pertain to execution and management of close to 5,000 apartments in the property management and rentals segment.
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.