Square Yards ventures into retail property management to bring rental economy online

BENGALURU: Square Yards, an online real estate platform has ventured into rental property market with app based rentals and property management platform, Azuro, aimed at bringing the landlord-tenant relationship online.

For the tenants, it enables swift rental payments including payment through credit cards, download rent receipts & enjoy hassle-free rental stay with all maintenance issues taken care by Azuro’s property management teams.

Tanuj Shori, Founder & CEO of Square Yards, said, "Rentals & property management are multi-billion opportunities that are currently under-served in India. Most of the landlords find it cumbersome to attract quality tenants, follow up for rent payments and most important to serve frequent demand of tenants for maintenance of the property.”


In the beginning of 2020, Square Yards acquired Mumbai-based start-up Azuro and completed its full stack service spectrum with rentals and property management services. Currently present in 5 major metro cities in India, it is already managing 1500+ properties with an annual rent of $ 6.5mn and this figure is growing at an accelerated rate.

”We already have a very robust demand from our developer clients and NRI customers for this service and we are looking at a very rapid scale-up in India and further globally in regions like Middle East where we have a significant presence”.

In the last 3 months, Square Yards has signed exclusive mandates with over 25 developers like DLF, Godrej, M3M, Emaar, L&T Realty, Mahindra Lifespaces etc. to execute and manage close to 5000+ apartments for rentals and property management services.
The rental market is expected to grow further as more consumers incline towards shared economy from asset ownership models. With the impending rollout of the Model Tenancy Act, 2019, there are chances for the rental housing market to not only get regulated but also disrupted through the use of technology.