Elegance Enterprises plans to expand presence, after record quarter


Online-to-Offline (O2O) real estate investment advisory and transaction platform that deals in residential properties

Bangalore, November 24, 2017: A Bangalore-headquartered Elegance enterprises, an online-to-offline (O2O) real estate investment advisory and transaction platform, dealing in residential properties, will be expanding its operations to three more cities such as Mumbai, Hyderabad and Chennai from its current operations in Bangalore and Pune in the next quarter, this comes on the back of a record quarter ending September.

Ravikant, the Founder and Director of Elegance Enterprises, said “Besides focussing on domestic market, we are planning to have a presence in Singapore, Hong Kong, Dubai and the US to service our existing clients and expand our footprint in these markets, before the end of next year.

Setting a target of realising turnovers of Rs. 400 cr during this financial year, our aim is to cross Rs 1000 crore mark in next three years. Currently we are one of the top performing partners for developers like Prestige, Godrej, Bhartiya City, Reliaable, Embassy to name a few.

A bootstrapped company with total employee strength of 40 is looking at adding another 60 people before the end of this financial year. The company envisions being a single-point transaction-enabler for the global real estate industry.

By leveraging emerging technology and analytics, we intend to produce in-depth insights in asset valuation, due diligence, real estate portfolio optimization and the changing real estate dynamics. Discussions are already underway to raise a funding of about $5-10 million in the next six months, to support our growth plans.

Incepted in November 2012, Elegance Enterprises aggregates and showcases real estate properties listed by institutional sellers to global investors and end-users, we have sold around 2000 units with a business turnover of around Rs. 100 cr with revenues of around Rs 20 cr.

Corporate Comm India(CCI Newswire)