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One of India’s largest proptech startups, Square Yards, said that its international property business, that facilitates sale of overseas properties in their respective locations; recorded over 75% growth in 2018 over the previous year crossing Rs 1,100 crore (approximately US$154.5 million) in gross transactional value (GTV).
It also announced strong growth in all other segments of the business it operates in, namely, India Primary, NRI and Mortgages, and registered an overall impressive GTV of Rs 5,000 crore (approximately US$702 million) for the calendar year 2018.
“The year 2018 marked a new milestone in our journey with international property division scaling new heights. We have been replicating our Indian playbook for sourcing off-plan primary inventory and tech-led demand generation in the overseas markets and are happy that it is bearing results,” said Tanuj Shori, founder and CEO, Square Yards.
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