360 Realtors expecting a 120% Jump in Quarterly Sales in Q2 FY 22

Technology advisor Full-Stack 360 Realtors expects a 120% increase in quarterly sales in the second quarter of fiscal 22.

[avatar user=”Apoorva Garg” size=”thumbnail” align=”left”]By Apoorva Garg[/avatar]

New Delhi. Technology advisor Full-Stack 360 Realtors expects a 120% increase in quarterly sales in the second quarter of fiscal 22. The company expects to sell around ~ 2000 units in the current quarter, a steep jump from the previous quarter. , where sales volume was undermined due to the pandemic. To realize its growth, the advisory is taking a multifaceted approach that involves systematic investments in digital platforms, increasing the workforce, expanding the franchise network and entering complementary verticals such as stress asset financing.

Expanding digital bandwidth
360 Realtors is aggressively moving up the technology ladder to stay on top of their game in the new normal. The company is organizing the second edition of the virtual real estate fair called E-Propshow in Pune, on July 9, 10 and 11.

Although the pandemic has been a destabilizing factor in an otherwise reviving industry, markets are gradually opening up and sales volumes are recovering. However, to win in the current scenario, one has to systematically accumulate investments in technology, innovation and digitization. Due to the growing demand for secure and contactless services, digital platforms are poised to outshine their offline counterparts. In the future, this will be a constant but vocal trend.

Ankit Kansal
       Ankit Kansal

“Last year when we hosted our inaugural E-Propshow, it was hailed as an evolutionary step by industry experts. On this occasion, the event is organized on a much larger scale with more than 50,000 registrations. More than 100 projects from 20 major developers will participate in the 3-day event. Quoted Mr. Ankit Kansal, Founder and MD, 360 Realtors.

“We expect around 100-150 closures on site. In addition, the event will also help us build our sales funnel for the future and should see total closings of around 400-450 units. ”Mr. Kansal also added.


Pune: a prolific real estate market
One of the reasons for choosing Pune for the virtual real estate fair is the inherent strength of the city. Pune, along with the Pimpri Chinchwad region, is home to 400,000 IT and ITeS professionals. This makes it fertile ground for the primary residential market.

Also read: Haryana Government’s relief to real estate will help the sector in these challenging times

It is in high demand in the affordable and middle-income segment (INR 40-75 lacs). It is one of the few real estate markets in India where new listings are reviving after closing. Developers understand the underlying demand in the market and are increasing their presence through new releases.

Thanks to a cosmopolitan appeal and a large volume of educated workforce, the city is also an early adopter of digital consumerism. Innovative ideas, such as virtual property shows, are always well received by residents.

Organic and inorganic growth mix
“The road ahead is not without its challenges, but it will be enriching. Technology is the new game changer. To be more influential, real estate agents must shift gears and invest in technology and innovation. ”Quoted from Mr. Ankit Kansal.

In the future, 360 Realtors will leverage organic and inorganic channels to expand its market presence. It plans to hire 500 new workforces in the current fiscal year. Around ~ 150 have already been on board.

On the inorganic front, the company is increasing its franchise network, under the 360 ​​EDGE flagship. This year, the ambitious goal of awarding 75 franchises has been set. Of which 13 have been distributed so far in the 1st quarter itself.

The company is also venturing into asset finance in stressful situations. You have planned an Alternate Investment Fund (AIF) of INR 500 Crores. The first round of funding of INR 100 Crores has recently concluded. These funds will be invested in projects in Gurugram and Noida.

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