By Accommodation Times Bureau
Square Yards, today announced its international property business, that facilitates the sale of overseas properties in their respective locations has recorded over 75 per cent growth in 2018 over the previous year crossing Rs 1,100 crore in gross transaction value (GTV).
The Company also announced strong growth in all other segments of the business and registered an overall impressive GTV of Rs 5,000 crore for the calendar year 2018.
Dubai led the pack of international cities that contributed significantly to the GTV of the company followed by Toronto and Melbourne. Square Yards has built up significant NRI operations in 13 international cities namely Abu Dhabi, Doha, Dubai, Kuwait, Sharjah, Hong Kong, Muscat, Melbourne, Singapore, Sharjah, Sydney and Toronto. The company has also established strong local primary operations in Dubai, Melbourne, Toronto and Sydney.
“International operations have scaled up significantly in 2018 with sizeable addition to our teams and formidable network of agents. The segment contributed 22% of both revenues and GTV for the year 2018. We look forward to building on these strengths and set new benchmarks in global real estate transactions space, apart from our Indian operations, in 2019,” said Tanuj Shori, Founder and CEO, Square Yards.