The diversified real estate platform company Square Yards has released the results of its operations for the third quarter of its financial year. Highlights of the Gurugram-based company's activities for the period include:
Square Yards is a diversified PropTech business and real estate marketplace. For consumers, the company operates a core new homes listings service as well as an existing homes segment (Square Yards), a property management business (azuro), a renovations business (Interior Company) and a fintech offering (Urban Money).
The company's financial services segment contributed a record 47% of total company revenue while real estate services contributed 41% in Q3. Square Yards generates around 80% of its revenue in its home market of India but also operates in the Middle East and further afield in markets with a strong Indian ex-pat community such as Canada and Australia.
Company CEO Tanuj Shori indicated that the company is forecasting around INR 1,000 crore ($120 million) in revenue for FY24 with a profitable fourth quarter.