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Emaar celebrated its special relationship with Square Yards and other proptech players of the world in a grand style. Brand ‘Square Yards’ was featured on the iconic Burj Khalifa among the top global real-estate players! It’s the first Indian company to achieve this feat. At the ‘Annual Broker Awards 2020’ by EMAAR last Sunday, Square Yards was ranked 10th as the ‘Best Performer of the Year’ for its outstanding performance in terms of revenue generated for Emaar. The fastest growing real-estate broker has been relentlessly working hard towards capturing the market share and expanding its business across various related domains of the real-estate world. Square Yards platform has been offering integrated consumer experience for years now. It has excelled in many dimensions of the real-estate sector in 10 odd countries around the world. Square Yards has surely made yet another international mark! Watch Video Below : –19-02-2020
Square Yards, India’s foremost property brokerage brand, supported by the Times Group and Reliance Group led by Anil Ambani, has posted revenue growth of 50% for Q3 FY19-20, posting revenues of Rs. 79.6 crore. In the same period for the last fiscal, Square Yards achieved revenues of Rs. 52.9 crore. GTV (Gross Transactions Value) increased by approximately 33% to touch Rs. 1,591.2 crore in the period between October and December, 2019. In this period, real estate operations in India accounted for 65% of overall revenues while international business accounted for 24% of revenues. Around 11% of revenues came from the company’s mortgage division. Square Yards has already acquired Azuro, the rental platform based in Mumbai, as part of its expansion blueprint sometime earlier. In September last year, Square Yards raised a sum of around $25 million or roughly Rs. 175 crore via preferential issue of equity shares to investors which include the Times Group. The company has raised approximately $50 million in equity and more than $25 million in debt financing ever since it was founded in the year 2014. Anil Ambani spearheaded Reliance Group’s private equity division invested a sum of $12 million in Square Yards back in November 2016. The Gurugram based company achieved revenues of Rs. 220 crore for FY2018-19. For a detailed report on this read the articles we were featured in: Business Standard: https://bit.ly/2u9IXog Outlook India: https://bit.ly/37H6z1a Business Insider: https://bit.ly/37Hhhom Yahoo Finance: https://bit.ly/2ub0Djn Published Date: 17 February 202019-02-2020