Real estate startup, Square Yards, today announced the launch of an International property portal (global.squareyards.com) for enabling global cross border real estate investments. This is notably the first & only portal by any Indian tech startup focusing exclusively on global real estate.
Square Yards is already the largest player by revenues (annual revenue run rate in excess of $25M) in the Indian real estate and has a virtual monopoly in some of the key NRI diaspora markets. It is now replicating its Indian success in international markets by acquiring multi country real estate licenses and entering into collaborative arrangements with leading International developers for exclusive cross-border marketing & selling rights.
Talking about the International growth, Tanuj Shori, Founder & CEO at Square Yards says, “International real estate is one of the fastest growing and most profitable segment of our business. We want to invest more into it and are currently building our local agent network in each of the countries. We would gradually expand to 25+ International markets and our ambition is to get to an undisputed number 1 position for off-plan properties sold anywhere in the world.”
The new international portal currently features a host of exclusively sourced off-plan properties from seven countries namely UAE, USA, UK, Australia, Canada, Singapore & Hong-Kong. Along with rich information about International projects, the portal also offers deep insights into top real estate investment destinations in the world through its proprietary Investment ScoresTM calculation methodology. The tool rates top international cities on a combination of 21 different parameters such as rental yields, capital appreciation, price, availability, transaction costs, taxes and macroeconomic factors. The investment score, driven by powerful analytics & meticulously designed algorithms, gives a fair judgement of the inherent attractiveness associated with a particular market.
Square Yards has been on an international expansion spree for past few years with a prolific presence in 10 countries. The company recently announced two consecutive rounds of fund raising. In January it raised US $10Mn from multiple investors and in November $12 million equity funding from the private equity arm of Mr. Anil Ambani led Reliance Group.