News of real estate companies around the world is pouring in as companies stumble back on their feet in the wake of the worst of the pandemic.
One such company seeing the light at the end of the tunnel is Square Yards, which has completed more than 3,700 real estate deals in the March-June period, making up 20% of the market share of Indian real estate sales in those four months.
The logical next step? Building its staff to keep up with the demand. The company has announced that it plans to hire 2,500 employees to deal with sales and operations and support its technology teams across India and the Gulf countries.
Kanika Gupta Shori, Founder and COO of Square Yards, said:
“At Square Yards, we want to hire hustlers who can lead the next leg of growth for us. New graduates from campuses fit well in our dynamic culture as they are in the formative years of their careers, wherein they are hungry to learn, seek exponential growth and can work tirelessly as well as smartly. We build people and people build businesses – this has always been our core belief.”
The company also announced it will be running annual appraisals as a ‘thank you’ for the strong quarterly performance. About 40% of the employees are ESOP holders, that is they hold stock options that are used to share the wealth across the company.
COVID has changed many things about the real estate industry as a whole. Whether its the speed at which new tech is developed, the uptick in remote work, and switching up how homes are listed, viewed, and transactions completed, these newly in-place services and features are sure to stick around once the pandemic ends.
When it comes to the safety of the employees, and with there not being a cure for the virus yet, Square Yards has an answer.
Kanika Gupta Shori explains:
“Today, although most of our offices are operational, we continue to work seamlessly with reduced capacities, as much of our Indian workforce continues to work from home to ensure safety and health all around. Additionally, we also provide a COVID-19 specific Insurance Policy in addition to existing healthcare benefits for our employees and their dependents, to keep them safe and meet unforeseen expenses if any were to arise due to the pandemic.”
Square Yards has a plan and it includes innovation, employee support, and gratitude. All things that point towards a better market.
Around the world, other companies are seeing this light at the end of the tunnel as well. Zoopla experienced its highest spike in leads all year, Purplebricks' founder is developing another property platform, and- in the Southwest Asian region- LankaPropertyWeb.com seeing a huge spike in website traffic after a successful virtual expo. An Rightmove released numbers showing that the UK market is already on the mend. Zillow, Opendoor, Offerpad, and more have restarted their iBuyer schemes. Things are on the up and up for real estate.