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Moneytree Realty, a real estate company, hopes to sell Rs 500 crore in its first year of business, mostly through residential sales, according to the top executive.
The firm is relying on the surge in the residential market to propel its expansion by partnering with top developers in Mumbai and Delhi-NCR.
The current market is favourable for the real estate industry, since developers are concentrating on high-profile launches. The company’s creator, Sachin Arora, stated, “We expect to sustain this pace after closing a transaction of Rs 50 crore in the first month.
Moneytree Realty Focuses To Expand In Delhi NCR And Mumbai
Before expanding to any other cities, the firm will focus on Delhi and Mumbai in the first year.
Delhi alone has great potential, especially considering the high demand in Gurgaon and Noida. Because the RERA has increased openness, buyers are willing to invest in a property that is still under development, according to Arora.
Square Yards reports that in Q42023, there was a discernible increase in homebuyer interest in Noida and Greater Noida, with 7481 transactions totaling Rs 3179 crore.
Noida and Greater Noida have become popular locations for those looking for affordable real estate, as Delhi has already reached a point of saturation and homebuyers are finding the Gurugram real estate market to be too expensive.
Noida And Greater Noida Have The Highest Number Of Transactions
The twin cities provide a wide range of options for discriminating purchasers, with competitive real estate pricing and a variety of housing types to select from. Nonetheless, Greater Noida outperformed its rival in this quarter, as evidenced by 94% of the transactions in the area.
The highest number of transactions has been recorded in Greater Noida West and Noida Extension because of their ready-to-move-in, reasonably priced, luxurious apartments, nice communities, lower population density, quieter surroundings, and proximity to business parks, office campuses, and educational institutions.
On the other hand, the micro-markets in Noida experienced a decrease in transactions, which was ascribed to the city’s reduced supply and the availability of more luxurious yet reasonably priced choices in Greater Noida and the suburbs around Noida.
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Source-ET
