{"id":22060,"date":"2020-09-02T17:01:16","date_gmt":"2020-09-02T11:31:16","guid":{"rendered":"https:\/\/www.squareyards.com\/blog\/?p=22060"},"modified":"2021-01-22T12:22:38","modified_gmt":"2021-01-22T06:52:38","slug":"an-indian-parallel-emerges-to-lianjia-beike-the-worlds-most-valued-housing-company","status":"publish","type":"post","link":"https:\/\/www.squareyards.com\/blog\/an-indian-parallel-emerges-to-lianjia-beike-the-worlds-most-valued-housing-company","title":{"rendered":"An Indian parallel emerges to Lianjia (Beike), the world\u2019s most valued housing company"},"content":{"rendered":"

The worldwide proptech sector has reached a significant milestone this month as KE Holdings from China, also called Beike Zhaofang, the owner of leading property brokerage player Lianjia, was listed on the NYSE (New York Stock Exchange), raising a whopping $2.12 billion (US). <\/span><\/p>\n\n\n

Details on Lianjia Beike IPO and the success of this pioneering housing company<\/strong><\/h2>\n\n\n

The company\u2019s ADS (American Depository Shares) went up considerably on the day of the listing, taking its valuation to a whopping $45 billion. This made Beike (Lianjia) the world\u2019s most valued property-related company and the 7<\/span>th<\/span> biggest internet company in China. The <\/span>real estate brokerage <\/b>was founded in the year 2001 in Beijing and offers offline and online real estate brokerage services and transactions. <\/span><\/p>\n

Lianjia Shanghai<\/b> and other regions covered in excess of 2.2 million housing transactions for 2019 with values touching $300 billion (US) while generating US$6.5 billion in revenues. It has Softbank, Sequoia Capital, Hillhouse Capital and Tencent amongst its biggest investors. Not many know that <\/span>Lianjia Guangzhou<\/b>, <\/span>Lianjia Chengdu<\/b>, <\/span>Lianjia Shenzhen<\/b>, <\/span>Lianjia Shanghai<\/b> and <\/span>Lianjia Hangzhou <\/b>form the core of the <\/span>Lianjia business model<\/b> that has greatly inspired an Indian parallel to the company, <\/span>Square Yards<\/b>. <\/span><\/p>\n

Founded in 2014, Square Yards has now emerged as Indian real estate\u2019s foremost player with annual GTV (gross transaction value) of US $1.2 billion, bigger than most realty developers in India as well. Founder Tanuj Shori was inspired greatly by Lianjia during frequent trips to China. <\/span><\/p>\n\n\n

Square Yards and its parallel success story<\/strong><\/h2>\n\n\n

Each time Shori invested money in real estate in India<\/a>, he realized how the process and business model was crying out for a transformation, the country having an unorganized $100 billion market with the biggest developer at less than 1% of market share. Both Square Yards and Lianjia were born with a common and larger mission to revolutionize the broken distribution systems for real estate in their countries. Square Yards is only 6 years old as compared to the 20-year old Lianjia and is perhaps the sole full-stack ecosystem play in Indian real estate.\u00a0<\/span><\/p>\n

Square Yards has an integrated ecosystem comprising of the following:\u00a0<\/span><\/p>\n