Indian real estate platform Square Yards says it's "betting big" on international real estate by marketing & transacting global real estate products to investors worldwide.
The company says it is targeting an annual gross transactions value (GTV) run rate of $500 million for international properties by the end of this year.
The company claims in the last six months it has facilitated sales of $60 million worth of international property through 200+ transactions for developers based out of Dubai, UK, Singapore, Hong Kong and several other key markets.
To support this growth, the company has partnered with leading international developers including Emaar, Danube, Damac, Berkeley and Deeyar which provides exclusive selling rights.
The relationships also enable the staging of events and road-shows through Square Yards' group company Bling Marketing and the facilitation of e-commerce transactions via its portal.
Square Yards COO Kanika Gupta Shori says the company has been fairly successful in selling unique investor friendly international products like car parks in Glasgow airport in UK, student accommodation in Liverpool, citizenship by investment in Antigua and Barbuda, mall redevelopment projects in Canada and many others.
"International real estate is one of the fastest growing segment of the business," Gupta Shori says.
"We are replicating our Indian success story and off plan business model globally by acquiring multi country real estate licenses."
With an annual revenue run rate in excess of $25 million, Square Yards is one of the largest players by revenue in the Indian property market and claims a virtual monopoly for key Non Resident Indian (NRI) diaspora markets.
The company recently opened offices in Australia and Oman and will be soon opening new offices in Canada and South Africa.
The Indian community, including the NRIs, are one of the most prolific investors in the global property markets and their share of contribution in the overall real estate market growth is rising steadily.
In the year 2015 alone, Indians have invested nearly $8 billion in US realty market, $1.5 billion in the London’s realty market and another $4 billion in Dubai’s realty market.
Dubai, London, New York and Singapore are one of the most popular property destinations and some of the micro-markets in these regions offer themselves as sound investment destinations, irrespective of the overall economic situation.
These are reasonably liquid and have given attractive inflation-adjusted returns in the last few years, as well as over a longer time horizon.About SquareYards:
Square Yards is a technology-enabled transaction and aggregation platform for Global real estate. Founded in 2013 SquareYards currently has an annual revenue run rate of $18m while being EBIDTA positive.