Main
Square Yards Registers 75% Growth In International Property Biz


Square Yards Registers 75% Growth In International Property Biz
Gurugram, 09 January 2019: India’s largest PropTech player, Square Yards, today announced that its international property business, which facilitates the sale of overseas properties in their respective locations; recorded over 75 percent growth in 2018 over the previous year crossing Rs 1100 crore in gross transactional value (GTV).
The Company also announced strong growth in all other segments of the business it operates in namely India Primary, NRI and Mortgages and registered an overall impressive GTV of Rs 5,000 crore for the calendar year 2018.
Dubai led the pack of international cities that contributed significantly to the GTV of the company followed by Toronto and Melbourne. Square Yards has built up significant NRI operations in 13 international cities namely Abu Dhabi, Doha, Dubai, Kuwait, Sharjah, Hong Kong, Muscat, Melbourne, Singapore, Sharjah, Sydney and Toronto. The company has also established strong local primary operations in Dubai, Melbourne, Toronto and Sydney.
“The year 2018 marked a new milestone in our journey with international property division scaling new heights. We have been replicating our Indian playbook for sourcing off-plan primary inventory and tech led demand generation in the overseas markets and are happy that it is bearing results. Our international operations have scaled up significantly in 2018 with sizeable addition to our teams and formidable network of agents. The segment contributed ~22% of both revenues and GTV for the year 2018. We look forward to building on these strengths and set new benchmarks in global real estate transactions space, apart from our Indian operations, in 2019,” said Tanuj Shori, Founder and CEO, Square Yards.
-
News4 weeks ago
NAREDCO Mahi to host its 2ND Convention
-
News3 weeks ago
Phoenix Mills, B Safal launch Palladium
-
News4 weeks ago
SKA Group’s initiative for better child education on World Social Justice Day
-
News4 weeks ago
Bengaluru Home Habba to offer savings of up to Rs. 9 lakh for home buyers
-
News4 weeks ago
Bhumika Group to soon launch Phase II of its Urban Square Mall in Udaipur
-
News3 weeks ago
House of Hiranandani’s plogging initiative
collects over 100 kg waste from Thane city -
News4 weeks ago
BCD Gp-ArisUnitern cross Rs 300 cr of development works in South India
-
News3 weeks ago
NoBroker expands its Series E round with Google joining other investors