New Delhi, Jan 19 (ANI): Real Estate Start-Up, Square Yards is on an expansion spree these days. With its opulent presence in 24 cities and eight countries already, the real estate biggie today announced opening of new offices in Sydney-Australia and Muscat-Oman.
With the recent acquisition, the company has expanded its presence to nine international cities, which includes international territories such as London, Dubai, Doha, Abu-Dhabi, Singapore and Hong-Kong.
“Making a prolific international presence helps Square Yards to effectively cater to international markets as well as vast populace of NRIs who are interested in investing in India and other international locations. Australian markets have been appreciating at a rate ranging between seven to 15 percent in the last 12 months with Sydney, Melbourne leading the bandwagon,” said COO, Square Yards, Kanika Gupta Shori.
Further Kanika added that the country has half million NRIs, many of whom are looking forward to invest back in India.
“Similarly Oman is also a booming real estate industry on the backdrop of economic growth and 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 Kanika.
Started in late 2013 with just three employees, the real estate company took less than two years to become the largest player in primary residential real estate sales. Today the company boasts of over 1000 employees. The company recently crossed Rs. 100 crores (USD 15 mn) in annual revenues while being EBIDTA positive – the only company in online real estate space to do so.
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. (ANI)