Latest news with #AkhilSaraf
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Business Standard
2 days ago
- Business
- Business Standard
Reloy FY25 revenue rises 60% to ₹28.5 crore on strong referral sales growth
HDFC Capital-backed proptech startup Reloy, which helps builders generate referral sales, has posted a 60 per cent growth in revenue to Rs 28.5 crore in the previous fiscal year on high demand for housing properties. The company posted a gross revenue of Rs 17.8 crore in the 2023-24 financial year. "We managed to grow 50 per cent in our core referral sales business," Reloy Founder and CEO Akhil Saraf told PTI. He noted that the company has cracked the code on referral sales and replicating this across all clients. Saraf said the company is working with almost all leading real estate developers across major states. Founded in 2015, Reloy specialises in real estate loyalty and referrals. It is a B2B2C homeowner and broker management platform that helps builders manage their customers and brokers more efficiently. Reloy has so far raised Rs 13 crore from various investors, including HDFC Capital, which owns around 10 per cent stake in the startup. The tech solutions offered by the company streamline the post-purchase journey of homeowners. Reloy rewards homeowners with benefits across ancillary requirements of home interiors and home finance. It helps homeowners in post-purchase exercises like document management, construction tracking, and payments. It also creates a marketplace for other connected needs of home interiors and home finance. According to one of the leading real estate listing platforms, highlighted that proptech firms have garnered a total of USD 4.6 billion between 2010-11 and 2023-24 financial years, growing at a compound annual growth rate (CAGR) of 40 per cent. As per the latest report of realtors' apex body CREDAI and EY, the Proptech market size is estimated to jump multifold to around USD 600 billion by 2047 from the current USD 10.5 billion due to rise in the use of technology in the real estate sector. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
01-05-2025
- Business
- Time of India
Property registrations in Mumbai rises 8% to 52,896 units in Jan-Apr 2025: Anarock
Registration of properties in the Mumbai municipal region rose 8 per cent during January-April this year to 52,896 units on better demand, according to Anarock. Real estate consultant Anarock noted that Mumbai's property registrations scaled fresh highs in the first four months of 2025 despite geopolitical tensions and global economic slowdown. An analysis of the data of the Inspector General of Registration (IGR), Maharashtra reveals that the overall revenue collected from property registrations in Mumbai stands at about Rs 4,633 crore in first four months of 2025, an increase of 21 per cent from Rs 3,836 crore in the year-ago period. In terms of registration numbers, 52,896 properties were registered in Mumbai in the first four months of 2025, as against 48,819 in the same period last year. The data pertains to both primary and secondary market transactions. Anarock Chairman Anuj Puri said, "A key factor behind the surge in property registrations during the first four months of this calendar year is the record-breaking activity in March, when 15,501 properties were registered." During April this year, Anarock said that as many as 13,080 units were registered as against 11,648 units in the same month last year. Commenting on the data, Akhil Saraf, Founder and CEO of startup Reloy, said the housing demand in India's financial capital continues to be strong especially for luxury homes. Reloy helps builders in generating referral sales from their customers.
The Print
01-05-2025
- Business
- The Print
Registration of properties in Mumbai rises 8 pc in Jan-Apr to 52,896 units: Anarock
An analysis of the data of the Inspector General of Registration (IGR), Maharashtra reveals that the overall revenue collected from property registrations in Mumbai stands at about Rs 4,633 crore in first four months of 2025, an increase of 21 per cent from Rs 3,836 crore in the year-ago period. Real estate consultant Anarock noted that Mumbai's property registrations scaled fresh highs in the first four months of 2025 despite geopolitical tensions and global economic slowdown. New Delhi, May 1 (PTI) Registration of properties in the Mumbai municipal region rose 8 per cent during January-April this year to 52,896 units on better demand, according to Anarock. In terms of registration numbers, 52,896 properties were registered in Mumbai in the first four months of 2025, as against 48,819 in the same period last year. The data pertains to both primary and secondary market transactions. Anarock Chairman Anuj Puri said, 'A key factor behind the surge in property registrations during the first four months of this calendar year is the record-breaking activity in March, when 15,501 properties were registered.' During April this year, Anarock said that as many as 13,080 units were registered as against 11,648 units in the same month last year. Commenting on the data, Akhil Saraf, Founder and CEO of startup Reloy, said the housing demand in India's financial capital continues to be strong especially for luxury homes. Reloy helps builders in generating referral sales from their customers. PTI MJH DRR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
01-05-2025
- Business
- Time of India
Registration of properties in Mumbai rises 8 pc in Jan-Apr to 52,896 units: Anarock
Property registrations in Mumbai saw an 8% increase in the first four months of 2025, reaching 52,896 units, driven by robust demand. This surge resulted in a 21% rise in revenue collection, totaling ₹4,633 crore. March stood out with a record 15,501 registrations, indicating sustained strength in the city's housing market, particularly for luxury homes. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Registration of properties in the Mumbai municipal region rose 8 per cent during January-April this year to 52,896 units on better demand, according to Anarock. Real estate consultant Anarock noted that Mumbai's property registrations scaled fresh highs in the first four months of 2025 despite geopolitical tensions and global economic analysis of the data of the Inspector General of Registration (IGR), Maharashtra reveals that the overall revenue collected from property registrations in Mumbai stands at about Rs 4,633 crore in first four months of 2025, an increase of 21 per cent from Rs 3,836 crore in the year-ago terms of registration numbers, 52,896 properties were registered in Mumbai in the first four months of 2025, as against 48,819 in the same period last year. The data pertains to both primary and secondary market Chairman Anuj Puri said, "A key factor behind the surge in property registrations during the first four months of this calendar year is the record-breaking activity in March, when 15,501 properties were registered."During April this year, Anarock said that as many as 13,080 units were registered as against 11,648 units in the same month last on the data, Akhil Saraf, Founder and CEO of startup Reloy, said the housing demand in India's financial capital continues to be strong especially for luxury helps builders in generating referral sales from their customers.
