Real Estate Start-Up, Square Yards has opened new offices in Sydney - Australia & Muscat - Oman. With this the company has expanded its presence to 9 international cities other than India, including London, Dubai, Doha, Abu-Dhabi, Singapore and Hong-Kong. Square Yards is planning to open up new international offices in Toronto and Durban in the near future.
Square Yards is a technology-enabled transaction and aggregator platform for global real estate. Started in late 2013 with just 3 employees, the real estate company took less than 2 years to become a large player in primary residential real estate sales. Today the company has of over 1000 employees. The company recently crossed $15 mn in annual revenues while being EBIDTA positive – the only company in Indian online real estate space to do so. It also registered a whopping 220% y-y growth in revenues in first half of the year FY16 (and 87% increase compared to last six month of FY15).
“Similarly Oman is also a booming real estate industry on the backdrop of economic growth & job creation. Square Yards already has strong presence in Dubai, Abu Dhabi & Doha and with upcoming office in Oman, it will consolidate its dominant position in the GCC region” added Vivek.
In conjunction with selling Indian properties, Australia & Oman will also be among the key points for the International Property Management (IPM) business of Square Yards. Besides Indian properties, Square Yards actively sells a wide range of international properties ranging from hostel accommodation, car parking spaces to international Villas in various parts of the globe.