Real estate start-up Square Yards has launched an international property portal, global.squareyards.com , for enabling global cross border real estate investments.
Square Yards is now replicating its Indian success in international markets by acquiring multi-country real estate licences and entering into collaborative arrangements with leading international developers for exclusive cross-border marketing and selling rights. Tanuj Shori, Founder and CEO at Square Yards, says, “International real estate is one of the fastest growing and most profitable segment of our business. We want to invest more in it and are currently building our local agent network in each of the countries. We would gradually expand to 25-plus international markets and our ambition is to get to an undisputed number 1 position for off-plan properties sold anywhere in the world.”
The new international portal features a host of exclusively sourced off-plan properties from seven countries namely UAE, USA, UK, Australia, Canada, Singapore and Hong-Kong.
Square Yards has been on an international expansion spree for the past few years with a prolific presence in 10 countries. The company recently announced two consecutive rounds of fund raising. In January, it raised $10 million from multiple investors and in November $12-million equity funding from the private equity arm of Anil Ambani.