Published date | 27 May, 2021

Proptech player Square Yards ventures into home interior and furnishing services

Square Yards is also investing in creating an integrated technology platform that will offer premier quality of 3D visualization of spaces complete with immersive VR experiences, enabling customers to experience final products quite literally. The platform will also provide end-to-end designer workbench, order and logistics management with vendors, automatic bill of materials generation and also real-time status updates for projects. Square Yards has declared its results for FY21 at Rs. 350 crore along with EBITDA of Rs. 50 crore alongside. Along with its primary real estate brokerage business, new segments have already started witnessing sizable traction and are on track towards posting handsome revenues for FY22.

Real estate startup Square Yards, which is based in Gurugram, has officially launched its new platform for providing home interior and furnishing solutions. Interior Company is the subsidiary which has established offices in Mumbai, Bengaluru and Delhi-NCR while aiming at ramping up operations throughout India and also the Middle East. The startup is also planning to create an integrated technology platform for offering end-to-end execution and interior design alike. The Founder & CEO at Square Yards, Tanuj Shori, stated that the company has always seen signals of solid demand for interior solutions from existing networks of 200,000 brokers, leading developers and existing home buyers. The company then decided to build up its abilities in-house with the same philosophies and building blocks along with the same ethos as Square Yards according to him. 


The subsidiary has posted $0.5 million in monthly revenue run rate in only 2 months of its beta launch. Shori stated that it has strong partnerships with vendors along with superior technology integration that will propel it towards becoming a formidable entity in this segment in the first 12 months of full-fledged operations. Interior Company will be focusing initially on new homebuyers in the primary real estate category who desire affordably priced yet gorgeous interiors. It is creating modular and standardized solutions for ready to move and near-possession inventory in some leading developer projects throughout the countrys key metro cities. 


Square Yards is also investing in creating an integrated technology platform that will offer premier quality of 3D visualization of spaces complete with immersive VR experiences, enabling customers to experience final products quite literally. The platform will also provide end-to-end designer workbench, order and logistics management with vendors, automatic bill of materials generation and also real-time status updates for projects. Square Yards has declared its results for FY21 at Rs. 350 crore along with EBITDA of Rs. 50 crore alongside. Along with its primary real estate brokerage business, new segments have already started witnessing sizable traction and are on track towards posting handsome revenues for FY22. 

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Square Yards is a technology-enabled, global real estate aggregator and India’s largest player for primary residential real estate. It’s subsidiary Square Capital is one of the largest marketplace for secured mortgages in India. Square Yards platform offers an integrated consumer experience & covers the full real-estate journey from search, discovery to research, transactions, home loans and post-sales service – fully integrating buyers to an extensive network of 500+ partner real estate developers, and 90+ banks & NBFCs. Square Yards is led by accomplished professionals, ex-bankers, and Ivy school alumni and is backed by the competence of more than 2500 employees in 30 cities and ten countries.