Trespect Achieves 428% Business Growth in FY21
Trespect India Private Limited, a pan-India technology enabled real estate advisory firm focused on the primary residential real estate market for B2C customers which commenced its operations amidst the COVID pandemic, has registered a phenomenal 428 per cent growth in FY21 over the previous year, achieving robust sales in units in the Financial Year 2020-2021. The company, which has offices in Mumbai, Pune, Gurugram and Bangalore, has seen an increase of 127 per cent year-on-year on the number of units sold and an increase of 98 per cent in the value of property sold. According to Trespect, a lot of interest in new homes have been on the periphery of major cities across India with home buyers going for spacious homes with an extra half/study room to accommodate the increasing work-from-home demands and uncertainty on account of the COVID pandemic. The company also witnessed an emerging preference for virtual site visits across various properties among many investors. “The trend was for home buyers actively engaging in virtual walk-throughs across multiple projects to eliminate projects which do not serve their requirement and purpose and then do a physical site visit on the shortlisted properties. This not only saved time, was cost-efficient but was also safe in the prevalent COVID scenario. The second half of FY21 was highly profitable with increased volumes across various locations in India – with NCR [National Capital Region] and Pune being the most sought-after cities for home sales for us. The business has grown multifold, and this is thanks to our being an industry-best and completely Tech enabled real estate advisory platform and transaction support to our customers said, Amit Sinha, COO & Joint Managing Director of Trespect.
Tags : News/Views Mumbai Real Estate Pune Bangalore Gurugram technology growth residential real estate Trespect Business Investor FY21 Achieves Trespect India Private Limited Advisory virtual site visits