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(This story has not been edited by THE WEEK and is auto-generated from a PTI

Integrated real estate platform Square Yards reported a revenue of Rs 247 crore during Q3 FY24, marking a 53% YoY increase. The Gross Transaction Value (GTV) reached Rs 10,574 crore, up 85% YoY, contributing to the company's 9-month revenue for FY24, which now stands at Rs 644 crore. Fintech and real estate services fueled the momentum, constituting 90% of the overall revenue. Financial Services exhibited a 2x growth run rate of USD 300 million disbursals per month, while real estate services picked up with a 36% YoY increase.

Budget News: Realtors on Thursday hailed the Budget proposal of launching a scheme to help middle-class people buy or build their own homes, saying this will boost demand for residential properties and help in the overall growth of the real estate sector.

Advocates say it is necessary to penalise and make real estate agents share the responsibility in home selling as they are important mediators in terms of transactions.

India Business News: SEBI's decision to allow Small and Medium REITs will propel the growth of fractional ownership of rent-yielding real estate assets. Proptech platforms