RISE Infraventures Ltd achieved a record gross sales of INR 2620 crores in the past financial year, marking a significant increase of about 110% from the previous year. With the recent boom in premium and luxury housing, the company aims to reach a target of INR 4000 crores in FY 24-25. With expansion plans, including new offices in Mumbai and the launch of RISE Homes, the company aims to strengthen its leadership position in the luxury market segment. RISE Infraventures aims to achieve its financial goals of INR 5000 crores in 2024-25, INR 6250 crores in 2025-26, and INR 7500 crores in 2026-27 by focusing on attractive pricing, enhanced service quality, and expansion into new markets.
RISE Infraventures Ltd reached a record gross sales of INR 2620 crores in the past financial year. Compared to FY23's gross sales of INR 1428 crores, this year's numbers are significantly higher, by about 110%. These sales signal the recent boom of premium and luxury housing. Given the increasing performance, RISE Infraventures Ltd is aiming for a target of INR 4000 Crores in FY 24-25.
Sachin Gawri, Founder & CEO of RISE Infra, believes that achieving the gross sales target of INR 4000 is very feasible. He attributes this optimism to the strong performance of the real estate sector in the past two years, fueled by India's economic expansion and rapid infrastructure growth. Gawri sees a significant opportunity for growth in the real estate sector and expresses confidence in RISE Infra's investments to reach their ambitious targets.
The company is currently planning to tap into the growing interest of NRI's (Non-Resident Indians) in India's real-estate market, and has even launched a branch - RISE International - to cater to this market segment. RISE Infra's expansion also includes two new offices in Mumbai, as well as another division called RISE Homes. The company is capitalising on their services and offerings and strengthening the leadership position in the luxury market segment.
RISE Infraventures' current goals include opening five new offices, increasing employees by 55% in order to meet their gross sales targets and entering new markets. The company has outlined its financial goals for the next three years: i) INR 5000 crores for the year 2024-25, ii) INR 6250 crores for the year 2025-26, and iii) INR 7500 crores for the year 2026-27.
These ambitious goals will be supported by attractive pricing, enhanced service quality, and widespread availability across numerous locations.
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