Rise Infraventures targets Rs 3000-cr sales in FY 23-24

financialexpress.com:

Having achieved a valuation of over Rs 250 crore in about two years of its inception in 2021, Rise Infraventures, a Gurugram-based leading real estate consultancy firm with a strong presence in north and west India, expects to achieve Rs 3000-crore business in FY 2023-24 with 5 operational verticals, and aims to clock sales of Rs 6800 cr by 2025.

The firm had achieved sales of Rs 1428 cr in FY 2021-22 as against the targeted Rs 1250 cr and sales of Rs 2182 cr as against the targeted Rs 2000 cr in FY 2022-23, with a growth 52.5%.

RISE Infra aims to operate from all leading metro cities of India and plans to capture 5% of the Mumbai market and 8-10% of the Delhi-NCR market by 2025.

The firm had undertaken an ambitious expansion plan last year. It extended its footprint in western India and opened a new office in Mumbai and Delhi. Besides, it has also shifted its corporate headquarters in Gurugram to Hyatt Regency. Rise will also be operational in the USA, Europe, Dubai and many more cities during FY 2023-24.

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“This valuation is based on the company’s robust performance in the luxury realty segment and the massive expansion in customer base within an extremely short period since its formation,” said Sachin Gawri, CEO and Founder, Rise Infraventures Limited.

“We are strategically focused on widening our customer base and providing best-in-class services to them. This incredible valuation will help Rise Infraventures further consolidate its position in the segment,” said Shantanu Gambhir, MD, Rise infraventures Limited.

The announcement comes on the heels of one of the most significant upsurges in the sale of luxury properties in major metro cities. The