Square Yards is a technology-enabled transaction platform. The company owns and operates real estate aggregation and transactional portals squareyards.com and the Square Connect mobile app for property brokers. The company claims to be the # 1 pan-India distributor based on revenue for the primary residential real estate in India, and a virtual monopoly on the main NRI market. It aggregates 6000 realty projects around 500 developers and builders and distributes about 27,000 different home configurations. It also has a network of 15,000 brokers in 31 cities in India and abroad.
The company has presence in 10 countries including India, UAE, Qatar, Oman, Singapore, UK, Hong Kong, Australia and Canada. Its customers are served by Portfolio Manager and Relationship Manager (such as private banking) with Documentation of Property purchase, KPR/Mortgage Support, Taxation & amp; Legal services, portfolio management and restructuring etc.
In November 2016, Square Yards raised $ 12 million from the ADAG Reliance Group in series A. Earlier in 2015, Squareyards has raised $ 11 million in Series A funding from investor clutches based in Singapore and Hong Kong.
Video Square Yards
Histori
Square Yards was founded in 2013 by Tanuj Shori, an alumnus of the Indian Institute of Management - Lucknow, a former banker with Nomura and Lehman Brothers, and Kanika Gupta in Hong Kong. It is headquartered in Gurgaon, India.
? He's a duo looking at opportunities in NRI. Many want to invest in Indian real estate but do not have access to unbiased information to do the necessary research and support and postal transaction services. When they find NRI requests flowing in, the company quickly expand its base in India by setting up offices in major metro cities and building relationships with top developers. Over the next year and a half Square Yards established its presence in 15 cities in India and five countries and claimed to have gained a virtual monopoly on the NRI markets of Singapore, Hong Kong, Dubai, Abu Dhabi and London.
Expansion
Square Yards has Indian offices in Gurgaon, Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, Noida, New Delhi, Pune, Navi Mumbai and international offices in Abu Dhabi, Dubai, Sharjah, Hong Kong, Singapore, Toronto, Vancouver, London , Doha, Muscat and Sydney. It has a tie-up source in Malaysia, South Africa, Thailand, USA, and Saudi Arabia.
Square Yards is set to launch an expansion spree by 2018.
In November 2016, Squareyards opened its offices in Vancouver and Toronto
In January 2016, Squareyards opened at its offices in Australia and Muscat
In October 2015, Squareyards opened an office in Qatar
Revenue and Growth
Square Yards' main source of revenue is the sales commissions and marketing costs of the builders. The company currently claims transaction execution rate ~ 600-800/month; more than online real estate players or organized offline in India In October 2016, Squareyard crossed a $ 1 billion property deal
In September 2016, Squareyards was considered in the top ten global list by the Watch Portal Property
In March 2016, Squareyards has announced double-digit revenue levels, likely to cross Rs. 200 crore in gross income from Rs. 100 crore in a six-month span.
In April 2016, the company facilitated the sale of international property worth USD 60 million through 200 transactions for developers based in Dubai, UK, Singapore, Hong Kong, and several other major international markets.
In August 2017, Square Yards, a technology-backed platform and aggregation platform for global real estate, managed to expand its workforce. In September 2017, Square Yards announced the launch of a special property portal in the UAE called "squareyards.ae".
In November 2017, Square Yards launched Square Connect, a mobile-based aggregation platform to help brokers extend geographic & amp; entering an inventory of real estate projects.
By the end of 2017, Square Square touched USD 947 million in Gross Transaction Value and recorded a 84% revenue growth from 2016.
In May 2018, SquareYards reported a 70 percent increase in net income to USD 23 million in FY'18
Maps Square Yards
Mergers and acquisitions
In June 2015, Square Yards announced a merger with www.realize.in, a technology platform for search & amp; discovery.The whole team Realization. joined Square Yards, with its founders, Vivek Agarwal and Hitesh Singla, joining the executive committee of Square Yards as a Partner. realize the portal has been renamed as squareyards.com.
That same month, Squareyards acquired the luxury property advisory firm LUXE Real Estate based in Singapore. This acquisition allows Squareyards to have direct access to the main district areas of the Singapore real estate market and catapult it into the top 30 agencies with agents. The deal is part of the company's strategy to expand and strengthen its presence in international markets. Babar, Kailash.
In October 2015, Squareyards announced the acquisition of Oryden Tech Labs, a design and creative studio based in Ahmedabad that specializes in 3D architecture design, visualization process, digital walk-through and virtual reality. As part of the acquisition, the entire Oryden team, founded in 2012 by IIM-Ahmedabad Keyur Bhalavat alumni and design specialist Ravi Patel, joined Square Yards.
Square Connect
Square Connect is a mobile application for Real Estate brokers that offer access to projects. It has other features for client management, payment tracking and accruals, news and updates, EMI calculator loans, etc.
Bling Marketing
Bling Events is the event management branch of the Global Square group.
Bling facilitates Dubai-based Deyaar developer to the capital of India.
Square Capital
Square Capital is a financial management unit of Square Yard that specializes in providing credit advisory services.
In July 2016, Square Yards invested $ 2 million in an online online platform In April 2016, Squareyards postponed to fintech with arm of Square Capital mortgage
References
Source of the article : Wikipedia
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