INFRAMANTRA targets Rs 1000 CR home sales in FY2023-24

15 February 2023, New Delhi: INFRAMANTRA, one of India’s leading real estate service provider is targeting home sales of Rs 1000 crore in the coming fiscal as it ramps up operations in Noida and Pune.

For the current financial year, INFRAMANTRA had set a sales target of Rs 350 crore, and within 9 months, they completed transactions worth Rs 400 crore. Now, they are aiming to close sales of around Rs 600 crore.

Recently, INFRAMANTRA opened its offices in Noida and Pune, and now they are planning to open offices in Bangalore and Mumbai, in the second quarter of FY23–24.

INFRAMANTRA is poised to be the most advanced tech-enabled real estate platform in India, solving the housing and commercial property needs of people and business houses across the country. With over 100 people and a strong focus on residential sales, it provides a unique customer experience in the core real estate sector.

“The Indian real estate industry is currently thriving despite the headwinds facing the global real estate market. Many factors have contributed to this success, including strong economic growth, favourable demographics and increased foreign investment. This has resulted in increased demand for housing, both from first-time buyers and those looking to up trade their homes.” said Mr. Shiwang Suraj, Founder & Director at INFRAMANTRA.

For the first time in over a decade the real estate segment has seen simultaneous growth in all major verticals. The previous calendar year provided the much-needed impetus and led to record-breaking sales.

Homebuyers remain enthused about purchasing homes, despite rising interest rates. So, real estate developers are focusing on launching projects that are aligned as per the needs of the homebuyers. Builders are also focusing on completing their pending projects and bringing them in demand-led supply.

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Neel Achary is the editor of Business News This Week. He has been covering all the business stories, economy, and corporate stories.