Square Yard's PropsAMC recovers Rs 100 cr in homebuyer disputes
PropsAMC has digitized over 20 million property registration records and property titles making this information public and accessible to the end users.
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PropsAMC has digitized over 20 million property registration records and property titles making this information public and accessible to the end users.
The ET Soonicorns Summit 2023, an Economic Times initiative, to track the evolving frontiers of growth in the startup-tech sector will bring together key stakeholders and decision makers from within Indian tech-startup ecosystem to foster conversations, connections, and collaborations that can equip entrepreneurs, including those from Bharat, to navigate the ever-evolving tough market conditions and grow to build sustainable, scalable businesses of the future.
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.
Square Yards’ search and discovery portal squareyards.com continued to gain market share with average traffic at 8 million + visitors/month, said the company.
These patents are filed for the tech developed by PropVR, Square Yards technology arm that specialises in creating immersive digital twins using 3D technologies, virtual reality, and augmented reality.