Square Yards, the leading tech backed transaction and aggregation platform for global real estate is well known for its constant innovations that are targeted at making the eco-system more streamlined and beneficial for all stakeholders. With the same view, it launched a one-of-its-kind mobile app-based aggregation platform in India that brought together real estate brokers, independent financial agents and small stock broking firms. Square Connect, rolled out last year, has since become a powerful tool in the hands of more than 30,000 real estate & finance professionals to access a vast inventory of top-rated projects, free leads as well as marketing assistance.
Besides getting access to top deals from grade-A developers, Square Connect has been offering several advantages to its partner agents. They are able to earn higher brokerages, have the assurance of secured payments thanks to the escrow signed by Square Yards and the developers and they also get expert project training so that they are equipped to sell better and more compellingly.
Speaking on the success of Square Connect so far, Rahul Purohit, Principal Partner, Square Yards “The vision behind Square Connect was to allow access to every aspiring professional in the real estate industry with an opportunity to leverage our network and earn higher commissions. Besides marketing assistance and free training, they can also track the status of their payments assuring them complete transparency. We have recently enhanced the UI and design of the app to make it more user friendly and easy-to-use and we will continue to pull all stops to add more partners to the app and make Square Connect the largest distribution network of primary real estate in the world.”
The cumulative commissions earned by the partner agents through Square Connect program is estimated to be INR 4-5 crore every month. Each partner earns an average of INR 1.5-2 lakh through the inventory they sell via Square Connect and the highest commission paid to an agent has often gone as high as INR 5 lakhs in a month.
Speaking on his experience with Square Connect, Vivek Chaturvedi from Vivek Associates said, “Independent Real estate professionals like me may harbor great aspirations but we never really had a medium to realize our dreams. With the tech innovations of Square Connect, however, I was able to widen my horizons beyond my immediate locality for the first time. Moreover, if one is ready to take full advantage of the many services offered, a much higher monthly commission is absolutely achievable. I’m grateful to Square Connect for giving me the chance to move beyond my limited perimeter of business and be able to sell inventory of grade-A developers in top geographies across the city.”
Going forward, the Square Connect team is focused on taking its number of partner agents – brokers, insurance agents, freelancers and independent financial agents – to 1,00,000 by the end of next year. Backed by its recently enhanced app and the overwhelming response that it is receiving from the agent community, Square Connect is poised to achieve its target of truly altering the life of brokers and agents by enabling easy access to the best deals so they can focus on their core areas of expertise – meeting clients and closing deals.