ANI |
Updated: Apr 29, 2024 13:47 IST
NewsVoir
Gurugram (Haryana) [India], April 29: Leading Real Estate Consultancy Firm Rise Infraventures Ltd. announced that it has achieved massive gross sales of Rs. 2620 crores in FY 2023-24. This is a whopping 110% higher than the previous year’s numbers. In FY 2022-23, the company’s gross sales figure was Rs. 1428 crores. This stupendous performance comes on the heels of record realty sales in the last two years and the boom in premium and luxury housing.
Buoyed by the numbers, the company has set its sights on a gross sales target of Rs. 4000 crores for the next financial year, 2024-25.
“Gross sales target of Rs. 4000 is an easily attainable number. The last two years have been immensely good for the real estate sector. Riding on the back of India’s economic growth as well as rapid infrastructural development, the realty sector is experiencing a massive tailwind and is poised to scale new heights of growth. Besides, we are investing in this potential, which will enable Rise Infra to attain the numbers we have set our sight on,” says Sachin Gawri, Founder & CEO, RISE Infra.
Meanwhile, the company, seeking to capitalise on NRIs’ interest in India’s realty market, has opened a new vertical called Rise International. It has also opened two new offices in Mumbai and set up a new division, Rise Homes. The company has also leveraged its services while consolidating its leadership position in the luxury segment.
Rise Infra will tap new markets, open 5 new offices, and increase its current manpower strength by 55% to attain a whopping 1.5 times increase in its gross sales percentage.
Further, Rise Infra has also announced its targets for the next three financial years – 5000 cr (2024/25), 6250 (2025/26) and 7500 (2026-27).
Attractive pricing, improved service, and availability at a large number of locations will further help Rise Infra seal the deal.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same)
Real estate consultancy firm Anarock has raised Rs 200 crore (USD 25 million) from 360 one asset management limited, part of the 360 one group, a wealth and alternates-focused institution with more than USD 54 billion assets under management.
The fund will be used to enhance company’s tech infrastructure, accelerate its expansion, and introduce new innovations to bolster leadership position.
“360 one asset is our first equity investor. This investment will go a considerable way in keeping Anarock at the forefront of the industry by fuelling further innovation and growth. The capital has been earmarked for faster business expansion and fine-tuning our proprietary proptech platforms, which have proved to be game changers for our real estate marketing capabilities,” said Anuj Puri, Chairman, Anarock.
Puri said that this is the most opportune time to expand reach and services of the company. The Indian real estate sector is expected to account for 10-13% of India’s GDP by 2025, from its existing share of 7%.
“We project strong and sustained growth for the industry over the next decade, with its potential market value surpassing USD 1 trillion by 2030. Anarock will lead the market with upgraded AI/ML technologies to accelerate our developer clients’ residential inventory sales,” said Puri.
Last FY, Anarock’s revenue was approximately Rs440 crore. It is expected for close the current financial year at Rs 550-575 crore revenue, 30% growth over previous fiscal. Anarock sold approximately 18000 units in 2023. “We have also been impressed by the tech infrastructure and innovative platforms being built by the company,” said Sameer Nath, Chief Investment Officer and head of venture capital & private equity at 360 one asset. Founded in 2017 by Anuj Puri, former Chairman and Country Head of one of India’s prominent international real estate consultants, and Rohin Shah – Managing Director of UK-based Marylebone Asset Management, Anarock has become the leading independent real estate consultancy in India and the Middle East.
“This collaboration will significantly leverage our 30 years of experience in the Indian real estate market and accelerate our pursuit of innovative and market-leading real estate solutions for our clients. Our key focus will remain research and technology-driven marketing and sales of real estate across all major sectors acting for developers, investors, and occupiers,” said Rohin Shah, Director & Co-Founder, Anarock.
Over the last six years, Anarock has expanded from being a residential-focused organization to complementary sectors including retail, commercial, hospitality, logistics and data centres, industrial and land.