Square Yards Defies Lockdown and Sells 1100 Homes in April

Square Yards Defies Lockdown and Sells 1100 Homes in April

Square Yards was recently in news for having closed over a thousand home deals amidst lockdown woes. BW Disrupt recently mentioned us in an article laying focus on how we achieved this feat (only because it has now become possible to buy property online) and moved our market share of various Top Developers’ distribution portfolios from 5-20% to 60-70% over the last 2 months.

By selling 1116 units worth INR 564 Cr – our best monthly performance to date – we at Square Yards have set a new high in this lockdown. This performance is in continuation of our strong Q4FY20 results when we delivered our best ever and second consecutive profitable quarter. Overall in FY20, Square Yards and book.squareyards.com – it’s house & property selling website – have clocked INR 298cr Revenues, resulting from a Gross Transactional Value (GTV) of INR 6000cr with over 15,500 transactions.

Also read: Square Yards Q1 gross profit jumps two-fold to touch Rs. 28 crore

Cities like Pune, Mumbai, Noida, and Bangalore contributed to over 70% of the sales volumes. Further, Grade A+ Developers added the most to these sales; 40% overall volumes in April coming in from Godrej Properties alone.

Mr. Tanuj Shori added: Square Yards has won large amount of Exclusive Mandates in the last 2 months which has allowed us to lead the market and mind share. Our market share has jumped disproportionately and we expect to continue and build on this momentum.

If you too are looking to buy house online or are keen to know about online flat sale, services of the most-trusted Square Yards are at your disposal.

For a detailed report on this read the articles we were featured in:

BW Disrupt – https://bit.ly/2WL373m

Published Date: 18 May 2020

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