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Real estate brokerage firm InvestoXpert's revenue rose 56 per cent in the last fiscal to Rs 56 crore as it facilitated sales of properties valued more than Rs 2,000 crore on strong housing demand. Its revenue stood at Rs 36 crore in 2022-23. In a statement, Noida-based InvestoXpert said the company facilitated sales amounting to Rs 2,050 crore during the last fiscal, up 95 per cent year-on-year. The better performance in sales translated into robust revenue growth, it added. Vishal Raheja, Founder & MD of InvestoXpert said, "This achievement underscores our commitment to excellence and innovation in the real estate sector. As we look ahead, we are confident in our ability to continue this upward trajectory, with ambitious targets set for the upcoming financial year". He said the demand for luxury homes has risen significantly. Raheja said the second and fourth quarters collectively accounted for almost 70 per cent of the business, underscoring the seasonal variations in the real
Market regulator Sebi's decision to allow the setting up of small and medium REITs will help regulate and propel the growth of new-age investment avenue called fractional ownership of rent yielding real estate assets, according to industry players. Real estate technology platforms facilitating fractional ownership of rent-yielding properties welcomed the Sebi decision to regulate fractional ownership real estate market, which is still at a nascent stage in India. Proptech platforms such as YOURS, ALYF, hBits, and WiseX are helping investors in having fractional ownership of primarily office and luxury holiday homes assets. Real estate consultants like Square Yards and 360 Realtors have also entered into this space. On Saturday, the Sebi board approved amendments to REITs (Real Estate Investment Trusts) Regulations, 2014 in order to create a regulatory framework for the facilitation of Small and Medium REITs (SM REITs), with an asset value of at least Rs 50 crore vis-a-vis minimum .