Square Yards to hire 2,500 employees to further global expansion, announces annual appraisals and ES
Square Yards plans to hire 2,500 employees to augment its sales, operations, and technology teams across India and the Gulf countries. This includes 2,000 employees for its India operations and 500 employees for its GCC operations in Q2-Q3 FY21.
“At Square Yards, we want to hire hustlers who can lead the next leg of growth for us. New graduates from campuses fit well in our dynamic culture as they are in the formative years of their careers, wherein they are hungry to learn, seek exponential growth and can work tirelessly as well as smartly. We build people and people build businesses – this has always been our core belief,” said Kanika Gupta Shori, Founder and COO of Square Yards.
With the real estate industry embracing proptech solutions with new vigour to battle the disruptions brought about by COVID-19, companies in the sector are seeing fast-paced growth. Traditional players are realising the true value and relevance of proptech and re-envisioning the way property is bought, sold or rented, on both the commercial and residential fronts. Today, there is a visibly increased adoption of technologies across the value chain — from designing and construction, to sales and marketing.
This is not only enabling the real estate sector to address post-pandemic challenges but is also giving the much-needed impetus for proptech startups. And, in turn, these startups are seeing unprecedented growth.
Square Yards has also announced annual appraisals for all its employees, significantly boosting their morale. Square Yards uses employee stock options (ESOPs) as a tool to share wealth across hierarchies, and currently, 40 percent of its employees are ESOP holders.
One of India’s largest integrated platforms for real estate. Its services cover the full real-estate journey from search, discovery to research, transactions, home loans, rentals, property management, and post-sales service.
While India’s housing sales have shrunk by over 65 percent (YoY), thanks to a COVID-19 ravaged economy, Square Yards completed over 3,700 real estate deals with a gross transaction value (GTV) of Rs 2,200 crore in the March-June period. In fact, Square Yards was able to garner almost 20 percent market share of the overall Indian real estate sales in this period.
Furthermore, it claims that non resident Indians (NRIs) and overseas buyers accounted for nearly 60 percent of the GTV and almost half of the number of deals in the period. With this, the company controlled almost 80 percent of the Gulf-NRI market.
Riding on massive market share and volume gains, Square Yards has now announced its plan to hire 2,500 employees to augment its sales, operations, and technology teams across India and the Gulf countries. This includes 2,000 employees for its India operations and 500 employees for its GCC operations in Q2-Q3 FY21.
Square Yards has also announced annual appraisals for all its employees, significantly boosting their morale. Square Yards uses employee stock options (ESOPs) as a tool to share wealth across hierarchies, and currently, 40 percent of its employees are ESOP holders.
One of India’s largest integrated platforms for real estate. Its services cover the full real-estate journey from search, discovery to research, transactions, home loans, rentals, property management, and post-sales service.
While India’s housing sales have shrunk by over 65 percent (YoY), thanks to a COVID-19 ravaged economy, Square Yards completed over 3,700 real estate deals with a gross transaction value (GTV) of Rs 2,200 crore in the March-June period. In fact, Square Yards was able to garner almost 20 percent market share of the overall Indian real estate sales in this period.
Furthermore, it claims that non resident Indians (NRIs) and overseas buyers accounted for nearly 60 percent of the GTV and almost half of the number of deals in the period. With this, the company controlled almost 80 percent of the Gulf-NRI market.
Reference Link
https://yourstory.com/2020/07/square-yards-hire-employees-global-expansion-appraisals/amp
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