Square Yards, the country’s biggest integrated real estate platform, has achieved a major milestone of recovering Rs. 100 crore in invested funds, with 300+ legal cases resolved for property owners and homebuyers through PropsAMC, its asset management division. Integrating legal services under this division was a response to the growing anxieties of homebuyers grappling with legal issues and disputes with their developers along with those facing property tax-related disputes and lessee disputes of owners.
The Founder & CEO at Square Yards, Tanuj Shori, states that this milestone is a testament to the brand’s commitment towards safeguarding investments made by homebuyers, which constitute a significant chunk of their finances. He adds that it is thus the responsibility of the company to make sure that the journey remains free from legal complications. Tanuj Shori also states that the company will continue championing the cause and rights of homebuyers and property owners at every step of the journey.
The CBO and Co-Founder of Asset Management Services & Data Intelligence, Square Yards, Anand Moorthy, states that the company’s deep domain expertise in legal matters linked to property and its vast asset management and data intelligence capabilities equips it to provide differentiated and unique offerings throughout the whole real estate ecosystem. He adds that with Square Yards’ in-house domain experts, the company is already piloting the country’s first ever Digital Title Search and Property e-Valuation platforms with some of India’s foremost financial institutions while also empowering property owners and homebuyers.
PropsAMC has successfully identified and tackled ambiguities in the legal process and disputes with developers through executing stringent methods of vetting. Square Yards has incorporated this into its distribution journey, beginning with examining the track records, developer credibility, and backgrounds, while functioning as a first defensive line for buyers to help them make informed decisions in a confident manner. PropsAMC also highlights the vital role of technical and legal due diligence for lowering risks linked to property acquisition or purchases.
Via assessments by legal experts and title searches, it helps unearth inherent complications that may legally hinder property ownership transfer, thereby ensuring timely resolution of such challenges. Expert contract reviews help owners understand complicated legal terminology and this additional scrutiny helps buyers bypass expensive errors and protects them from any future complications. PropsAMC taps its expertise in the legal domain to provide litigation and mediation solutions which ensure that buyers can safeguard their investments without getting involved in prolonged legal disputes and battles. PropsAMC has also fully digitized more than 20 million property registration records and titles, ensuring that information is readily accessible for end users.
It offers business solutions such as valuation, title search, litigation checks, and more to users in the business segment like housing finance companies (HFCs), banks, and law firms. With real estate being a preferred investment platform, PropsAMC functions as a one-stop guardian, protecting millions of home-ownership interests and dreams from any legal and other complications.
For a detailed report on this read the articles we were featured in:
The Financial Express : https://bit.ly/3QzPejg
moneycontrol.com : https://bit.ly/3swook0
Realty+ : https://bit.ly/3QuVCrZ
Construction Week : https://bit.ly/47qXR6M
Realtyn More : https://bit.ly/47n8uaw
Bizz Buzz: https://bit.ly/3u93Mio
Published Date: Nov 7, 2023
