“For this, we are looking to invest ₹1.25 crore per office and will hire around 15 employees for each centre,” he told BusinessLine.
It currently operates out of two offices — in Gurgaon and Noida — with a 100-people team. “Our branches would be opened in major metros such as Mumbai, Ahmedabad, Bengaluru shortly and then we will move to tier two towns such as Chandigarh, Pune, Jaipur as well. Metros as important as the industry gets 65 per cent realty transactions from these cities,” Yadav added.
On the anvil
The online advisory firm deals with only fresh bookings i.e. the primary market in real estate, and has no immediate plans to provide its services for resale or rental market. The company is working on mobile apps which will be launched in the coming three months.
It is also actively looking for PE/VC funding for $1.8 million in first year and $3.2 million in the second year, Yadav said. The bulk of the business for the company comes from those looking to invest in houses in the bracket of ₹40 lakh to ₹80 lakh, he added.BusinessLine
New Delhi, January 08, 2025: The arrival of the Union Budget 2025 marks a crucial…
~The First-Ever 19-Storeyed Community in the Vicinity~ ● Spanning 6.4 acres, the project features 394 spacious…
Gandhinagar, January 07, 2025: The Confederation of Real Estate Developers' Associations of India (CREDAI) Gandhinagar will…
• Average Pre-Sales realisation for 9M FY25 significantly grew to INR 12,565 per sq. ft. compared to INR 11,762 per sq. ft. in FY24 • Collections for…
Mumbai, January 06, 2025: A new paradigm has been created for urban India through Hiranandani…
Gurgaon, January 06, 2025: Ganga Realty, a leading name in luxury real estate, is revolutionizing…