Square Yards reports 60% Y-o-Y increase in revenue during Q2 FY24

Integrated real estate platform Square Yards, has reported Rs 225 crore revenue during Q2, FY24, up 60% Y-o-Y.

The Gross Transaction Value (GTV) stood at Rs 9169 crore, up 77% Y-o-Y, while number of transactions grew 143% to 40,757.

“The continued growth with improvement in economics is testament to ecosystem build up strategy. With this we have become first proptech player to cross USD 100mn milestone," said Tanuj Shori, Founder and CEO, Square Yards.


Financial Services with a run rate USD300mn loan disbursals/month continued to drive growth metrics for Square Yards. Real estate services' orderbook has grown significantly in Q2 which gives a strong visibility on revenue pick up in the latter half of the year.

B2B segment, digital products and services is on track for a 3x growth YoY backed by few solid wins in the Middle East. The property management platform, Azuro is now managing USD 400mn AUM with over 2,000 properties under management.