News

Hyderabad`s Housing Market Sustains Upward : 20% Rise in Sales Value, Transactions Up 7% in July-September 2024 - Square Yards Hyderabad’s residential real estate market continues to demonstrate resilience, posting robust performance in the September quarter. Despite a slight sequential dip, the city recorded a 7% annual growth in registered residential transactions during the July-September 2024 period, as reported by Square Yards. A total of 19,527 transactions were recorded in the IGR, as compared to 18,314 in same period last year. In the September 2024 quarter, the total registered sales value surged to...
Hyderabad`s Housing Market Sustains Upward : 20% Rise in Sales Value, Transactions Up 7% in July-September 2024 - Square Yards
Hyderabad`s Housing Market Sustains Upward : 20% Rise in Sales Value, Transactions Up 7% in July-September 2024 - Square Yards
Source: Square Yards
2024-11-06 12:57:28 pm
Renowned Musician Avadhoot Gupte Acquires Rs. 7.7 Crore Apartment in Bandra: Square Yards Renowned singer, music director, and filmmaker Avadhoot Gupte, along with his wife Girija Gupte, has acquired a luxury apartment for Rs. 7.75 crores, according to documents reviewed by Square Yards. The property is located in Bandra (Khar West) Mumbai, close to major roads like Vithalbhai Patel Road, Swami Vivekanand Road, and the Western Express Highway. The apartment is situated in Rustomjee Paramount, a premium project developed by Rustomjee Constructions Private Limited, spanning 1.65 ...
Renowned Musician Avadhoot Gupte Acquires Rs. 7.7 Crore Apartment in Bandra: Square Yards
Renowned Musician Avadhoot Gupte Acquires Rs. 7.7 Crore Apartment in Bandra: Square Yards
Source: Square Yards
2024-11-05 06:22:16 pm
Quote on Noida Authority`s recent decision to make it mandatory to register flat purchases before advancing more than 10% of the payment by Ravi Nirwal, Square Yards Below the Quote on Noida Authority`s recent decision to make it mandatory to register flat purchases before advancing more than 10% of the payment by Ravi Nirwal, Sales Director & Principal Partner, Square Yards   “The decision by the Noida Authority to initiate a sale agreement before more than 10% of the collection is a forward-looking measure to safeguard homebuyer interests. By ensuring that buyers are not required to commit a substantial portion of the property ...
Quote on Noida Authority`s recent decision to make it mandatory to register flat purchases before advancing more than 10% of the payment by Ravi Nirwal, Square Yards
Quote on Noida Authority`s recent decision to make it mandatory to register flat purchases before advancing more than 10% of the payment by Ravi Nirwal, Square Yards
Source: Square Yards
2024-10-28 03:51:27 pm
Bengaluru`s Registered Home Sales Value Jumps 30% Sequentially; Transactions Up 19% in June Quarter : Square Yards Bengaluru's residential market continues to display steady growth as registered transactions maintain upward momentum both sequentially and annually. According to data from Square Yards, a total of 28,356 transactions were recorded in the city during the second quarter of 2024, marking a 19% increase over the previous quarter. In a notable trend, the value of registered sales surged at an even faster rate of 30% during the same period, reaching Rs. 19,631 crores by the end of the June qua...
Bengaluru`s Registered Home Sales Value Jumps 30% Sequentially; Transactions Up 19% in June Quarter : Square Yards
Bengaluru`s Registered Home Sales Value Jumps 30% Sequentially; Transactions Up 19% in June Quarter : Square Yards
Source: Square Yards
2024-09-06 04:56:19 pm
Square Yards Delivers Strong Q1 FY25 with 52% Revenue Growth and 66% Gross Profit Surge; Forecasts USD 180 Million+ Revenue for the full financial year Square Yards, India’s largest integrated real estate marketplace, has announced its Q1 FY25 results, reporting an impressive revenue of INR 261 crore (USD 31 million), a 52% year-over-year (YoY) increase. This marks the 12th quarter out of the last 13 where the firm has delivered over 50% YoY growth. “Q1 has consistently contributed 16-18% of our overall revenue, and based on this trend, we project revenue for FY25 to align with our forecast of INR 1,506 crore (USD 180 million)...
Square Yards Delivers Strong Q1 FY25 with 52% Revenue Growth and 66% Gross Profit Surge; Forecasts USD 180 Million+ Revenue for the full financial year
Square Yards Delivers Strong Q1 FY25 with 52% Revenue Growth and 66% Gross Profit Surge; Forecasts USD 180 Million+ Revenue for the full financial year
Source: PR Agency
2024-08-28 02:26:56 pm
Mumbai MMR sets new benchmark with average registered home sales value reaching Rs 94 lakh in June quarter: Square Yards The Mumbai Metropolitan Region (MMR) has recorded an unprecedented surge in average registered home sales value in the second quarter of 2024, according to the latest report by Square Yards. The average registered home sales value basis the IGR data, analysed by Square Yards, reached a record-high of Rs. 94 lakh, reflecting a 10% YoY growth, despite a decrease in the total number of registered transactions in the region. In the June 2024 quarter, a total of 50,025 residential real est...
Mumbai MMR sets new benchmark with average registered home sales value reaching Rs 94 lakh in June quarter: Square Yards
Mumbai MMR sets new benchmark with average registered home sales value reaching Rs 94 lakh in June quarter: Square Yards
Source: PR Agency
2024-07-16 09:29:04 am
Comment on PM's approval of extending PMAY to 3 crore more homes by Mr Rajat Likhyani , Principal Partner at Square Yards Below the Comment on PM's approval of extending PMAY to 3 crore more homes by Mr Rajat Likhyani , Principal Partner at Square Yards   PMAY has been a crucial initiative in addressing the housing shortage across both urban and rural areas. The scheme offers essential credit-linked subsidies, helping eligible families to achieve homeownership and access basic amenities significantly improving their living conditions. In the last 10 years, the scheme has facilitated the compl...
Comment on PM's approval of extending PMAY to 3 crore more homes by Mr Rajat Likhyani , Principal Partner at Square Yards
Comment on PM's approval of extending PMAY to 3 crore more homes by Mr Rajat Likhyani , Principal Partner at Square Yards
Source: Square Yards
2024-06-11 04:44:16 pm
Reaction on RBI Monetary Policy by Piyush Bothra, Co-Founder and CFO, Square Yards Below the Reaction on RBI Monetary Policy by Piyush Bothra, Co-Founder and CFO, Square Yards   Interest rates significantly influence consumer sentiments, particularly affecting the majority of buyers in the low-to-mid segment. The current market upcycle is driven by the premium segment, which is relatively less sensitive to minor interest rate changes. Hence, the central bank's decision to maintain the status quo is a bit disappointing. A reduction in the benchmark rates ...
Reaction on RBI Monetary Policy by Piyush Bothra, Co-Founder and CFO, Square Yards
Reaction on RBI Monetary Policy by Piyush Bothra, Co-Founder and CFO, Square Yards
Source: Square Yards
2024-06-07 05:00:18 pm
Pune`s Residential Real Estate Market Records 56% Rise in Sales Value in Q1 2024 to Rs 17,837cr; Top Developers Like VTP Realty, Kolte Patil & Vilas Javdekar Drive the Boom The Pune real estate market has demonstrated remarkable growth in the first quarter of 2024, with significant increases in both the number of transactions and the overall sale value. The number of transactions surged by 49% compared to Q4 2023, reaching a total of 27,056. Correspondingly, the sale value saw a substantial rise of 56%, amounting to ?17,837 crore as per Square Yards Data Intelligence for property registrations recorded by Inspector General of Registration (IGR), Mahara...
Pune`s Residential Real Estate Market Records 56% Rise in Sales Value in Q1 2024 to Rs 17,837cr; Top Developers Like VTP Realty, Kolte Patil & Vilas Javdekar Drive the Boom
Pune`s Residential Real Estate Market Records 56% Rise in Sales Value in Q1 2024 to Rs 17,837cr; Top Developers Like VTP Realty, Kolte Patil & Vilas Javdekar Drive the Boom
Source: PR Agency
2024-05-20 01:50:29 pm
Proptech platform Square Yards` expenses surge to over Rs 1,220 crore in FY24 Gurugram-based proptech company Square Yards saw its expenses grow over 25 per cent to Rs 1,220.25 crore in FY24, from Rs 926.68 crore in FY23. Employee benefits remained the biggest expenditure at 43 per cent of the overall cost. The employee benefit cost surged 17 per cent to more than Rs 534 crore in FY24 from Rs 456 crore in FY23, according to the company's provisional financial statement for the last fiscal year. On the revenue side, Square Yards crossed the 1,000 crore mark...
Proptech platform Square Yards` expenses surge to over Rs 1,220 crore in FY24
Proptech platform Square Yards` expenses surge to over Rs 1,220 crore in FY24
Source: IANS
2024-05-13 11:51:17 am
Square Yards Announces FY24 Financial Results with INR 1000+ Crore Revenue and Full Year EBIDTA Profitability Square Yards, a leading integrated marketplace for real estate & mortgages, has proudly announced its landmark financial performance for the fiscal year 2024. The company not only achieved a substantial revenue milestone of INR 1004 crore (USD 120 million) but also reported EBITDA profitability and a remarkable operating cash flow breakeven for the second half of the fiscal year. Key FY24 Highlights: Revenue Growth: Square Yards reported a revenue of approximately INR 1000 c...
Square Yards Announces FY24 Financial Results with INR 1000+ Crore Revenue and Full Year EBIDTA Profitability
Square Yards Announces FY24 Financial Results with INR 1000+ Crore Revenue and Full Year EBIDTA Profitability
Source: PR Agency
2024-05-06 02:54:15 pm
Comment on Dwarka Expressway by Rajat Likhyani, Associate Principal Partner, Square Yards Below the Comment on Dwarka Expressway by Rajat Likhyani, Associate Principal Partner, Square Yards   The inauguration of the much-awaited Dwarka Expressway by Prime Minister Narendra Modi will act as a harbinger of real estate development and economic growth in the region. Besides enhancing the connectivity quotient of adjoining areas including Gurugram, Sohna, Faridabad, and New Delhi, the expressway will stimulate investment opportunities in nearby business parks, logistics...
Comment on Dwarka Expressway by Rajat Likhyani, Associate Principal Partner, Square Yards
Comment on Dwarka Expressway by Rajat Likhyani, Associate Principal Partner, Square Yards
Source: Square Yards
2024-03-11 05:59:10 pm
Comment on RBI Monetary Policy by Piyush Bothra, Co-founder and CFO, Square Yards Below the Comment on RBI Monetary Policy by  Piyush Bothra, Co-founder and CFO, Square Yards   The RBI's decision to keep the status quo for the sixth consecutive time is in line with expectations and is poised to bolster consumer confidence. This move is a big positive for the affordable and low-income housing segments, which are responsive to interest rate fluctuations. The decision also fosters confidence among homebuyers by providing stability in loan repayments, ...
Comment on RBI Monetary Policy by Piyush Bothra, Co-founder and CFO, Square Yards
Comment on RBI Monetary Policy by Piyush Bothra, Co-founder and CFO, Square Yards
Source: PR Agency
2024-02-08 12:41:07 pm
Noida & Greater Noida register residential property worth Rs 3179 crores in Q4 2023  Noida and Greater Noida witnessed a noticeable upswing in homebuyer interest in Q4, 2023, recording 7481 transactions amounting to Rs 3179 crores, as per Square Yards Data Intelligence for property registered by Inspector General of Registration (IGR), UP. Nirala World led in terms of volume and units registered with 371 units amounting to Rs 203 crores followed by Ace Group recording 259 registrations totaling Rs 181 crores in the October-December quarter. Gaurs Gro...
Noida & Greater Noida register residential property worth Rs 3179 crores in Q4 2023
Noida & Greater Noida register residential property worth Rs 3179 crores in Q4 2023
Source: PR Agency
2024-02-07 02:08:28 pm
Square Yards posts 53% Y-o-Y growth in Q3 FY2024; Revenue surges to Rs 247 crores  Square Yards, India’s largest integrated real estate marketplace today announced its Q3, FY24 results clocking Rs 247 Cr revenue, up 53% Y-o-Y. The Gross Transaction Value (GTV) stood at Rs 10,574 Cr, up 85% Y-o-Y. With this, company’s 9M revenue for FY24 now stands at Rs 644 Cr (~USD 80mn). “With a healthy order book combined with strong financial footing, organizational efficiency and favorable sector tailwinds, we continue to forecast near INR 1000cr (~USD 1...
Square Yards posts 53% Y-o-Y growth in Q3 FY2024; Revenue surges to Rs 247 crores
Square Yards posts 53% Y-o-Y growth in Q3 FY2024; Revenue surges to Rs 247 crores
Source: PR Agency
2024-02-04 05:34:37 pm
Pre Budget Expectation : Homebuyers are anticipating increased tax benefits in the upcoming budget Piyush Bothra, Square Yards  Below the budget expectation quote Piyush Bothra, Co-Founder and CFO, Square Yards   Homebuyers are anticipating increased tax benefits in the upcoming budget. One key expectation is to elevate the current Rs 2 lakh tax rebate on housing loan interest under Section 24 of the Income Tax Act to a minimum of Rs 5 lakh. This adjustment is crucial to bolster housing demand, especially within the affordable housing segment. Additionally, a reassessment of the price bracket for...
Pre Budget Expectation : Homebuyers are anticipating increased tax benefits in the upcoming budget Piyush Bothra, Square Yards
Pre Budget Expectation : Homebuyers are anticipating increased tax benefits in the upcoming budget Piyush Bothra, Square Yards
Source: PR Agency
2024-01-31 05:20:12 pm
MMR clocks residential sales of Rs 39,170 Crores in Oct-Dec Quarter. Lodha leads in volume and units sold. MMR continued its bullish run as India’s leading residential market in Q4 2023, registering 46,638 transactions, totaling Rs 39,170 crores, according to IGR data sourced by Square Yards Data Intelligence. The festive quarter saw Lodha Group (Macrotech Developers) maintain its prominent position as the top performer in terms of volume and units sold, on the back of heightened demand with 1165 units amounting to Rs 1618.5 crores. Oberoi Realty held on to the second spot in terms o...
MMR clocks residential sales of Rs 39,170 Crores in Oct-Dec Quarter. Lodha leads in volume and units sold.
MMR clocks residential sales of Rs 39,170 Crores in Oct-Dec Quarter. Lodha leads in volume and units sold.
Source: PR Agency
2024-01-23 05:14:53 pm
Expert Views on Real Estate Boom in Ayodhya by Mr Ravi Nirwal, Sales Director and Principal Partner, Square Yards Below the Expert Views on the Real Estate Boom in Ayodhya by Mr Ravi Nirwal, Sales Director and Principal Partner, Square Yards   Ayodhya is undergoing an unprecedented transformation, driven by a substantial $6 billion investment in infrastructure, due to the inauguration of the Ram Mandir. This development has sparked a significant upswing in the real estate sector within the holy city, resulting in soaring property prices. Investors, both domestic and international, ar...
Expert Views on Real Estate Boom in Ayodhya by Mr Ravi Nirwal, Sales Director and Principal Partner, Square Yards
Expert Views on Real Estate Boom in Ayodhya by Mr Ravi Nirwal, Sales Director and Principal Partner, Square Yards
Source: PR Agency
2024-01-20 10:54:55 am