Published date | 06 August, 2021

Square Yards hits 50% revenue growth for Q1 FY22

Square Yards achieved 32% of gross margins which are more in line with marketplaces worldwide (40% and more) in comparison to agency margins which are below 20%. The Global realty category accounted for 44% of revenues at Square Yards, surging by 2x and growing 200% in terms of GTV. Revenues went up by 130% in this segment while gross margins increased by 43%. The mortgage business saw a positive rebound while new verticals like home interiors touched Rs. 11 crore in revenues, starting off the year positively. Enterprise SaaS and rentals also saw good traction in this period. Square Yards has recently raised Rs. 185 crore in institutional funding from ADM Capital.

Real estate platform Square Yards touched a handsome 50% growth for Q1 FY22, notching up revenues of Rs. 100.8 crore with positive EBITDA run rate, GTV (gross transaction value) of Rs. 2,197 crore, growth of 80% in GTV and 80% growth in property transactions with 3,196 deals in the quarter. Square Yards CEO & Founder, Tanuj Shori, stated that Square Yard has started the year strongly and will continue ramping up distribution capacity and building the foundation for new business divisions such as rentals, SaaS and home interiors among others. He also talked of the strong traction seen in the marketplace with 45 lakh+ traffic run rate every month and 50,000+ agents who are active. 


Square Yards achieved 32% of gross margins which are more in line with marketplaces worldwide (40% and more) in comparison to agency margins which are below 20%. The Global realty category accounted for 44% of revenues at Square Yards, surging by 2x and growing 200% in terms of GTV. Revenues went up by 130% in this segment while gross margins increased by 43%. The mortgage business saw a positive rebound while new verticals like home interiors touched Rs. 11 crore in revenues, starting off the year positively. Enterprise SaaS and rentals also saw good traction in this period. Square Yards has recently raised Rs. 185 crore in institutional funding from ADM Capital. This will help the company further expand worldwide, beef up new verticals and build added capacity. 


Square Yards has been focusing on creating a full ecosystem of real estate services and offerings. It takes care of the entire full-stack realty journey including search and discovery, property management, home interiors, mortgages, transactions, after-sales services and more. Square Yards has recently launched its in-house home interior and furnishing service called Interior Company while having acquired PropsAMC, Azuro and PropVR sometime earlier, augmenting capabilities in data intelligence, property management/rentals and VR. 


Square Yards Revenue

Square Yards receives $25 mill...

Tanuj Shori, CEO & Founder at ...

16 July, 2021

Gurugram is India’s most suita...

Both Mumbai and Bengaluru have...

11 June, 2021

Square Yards has ventured into...

The Chief Executive Officer an...

27 May, 2021

Square Yards ends FY21 with a ...

Tanuj Shori, Founder and CEO a...

11 May, 2021

Square Yards CEO to speak at p...

Tanuj Shori is amongst a selec...

30 March, 2021

Square Yards’ Ceo Mr. Tanuj Sh...

Mr. Tanuj Shori is awarded the...

23 February, 2021

Square Yards ranked in list of...

Square Yards, Indias foremost ...

21 April, 2020

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

Investors find Indian real est...

Tanuj Shori, the CEO & Founder...

26 January, 2021

Square yards property investme...

Residential property investmen...

14 September, 2020

Square Yards Investment Review...

It all depends on the category...

10 September, 2020

Tanuj Shori, UAE-Based Enterpr...

Over the past 12 months, Squar...

23 August, 2019

Expansion is a natural busines...

Square Yards has made a big di...

21 August, 2019

Related Media

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.