360 Realtors' brokerage income doubles to Rs 104 cr in FY18; aims over Rs 200 cr revenue this fiscal

Property brokerage firm 360 Realtors' revenue more than doubled to Rs 104 crore last fiscal year by facilitating sales of over 4,000 housing and commercial units, its top official said Sunday.

With signs of revival in housing demand, the Gurugram-based firm, having a sales force of more than 1,000 people, has set an aggressive target of facilitating deals of about 7,500 units this fiscal year.

360 Realtors competes with the likes of PropTiger.com, ANAROCK and Square Yards in the organised property brokerage business, which has now come under the ambit of new realty law RERA.

"We sold 4,023 units worth Rs 2,682 crore during 2017-18, which was more than double from the previous fiscal," the company's founder and MD Ankit Kansal told PTI.

In the 2016-17 fiscal year, he said the company had sold 1,732 units worth Rs 1,221 crore.

Its brokerage income also more than doubled to Rs 104 crore from Rs 46 crore during the review period.

Asked about the current fiscal, Kansal said: "We have achieved a good number in the first quarter and sold more than 1,300 units valuing Rs 1,100 core."