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

Press Trust of India  |  New Delhi 

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 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, ANAROCK and 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 told

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."

The target is to sell 7,500 units worth Rs 5,000 crore in the entire current financial year, he added. "We expect our revenue to cross Rs 200 crore in 2018-19," Kansal said.

The company has more than 50 offices across and overseas for facilitating property sales on behalf of developers. It helps buyers to choose right property in right locations.

"We only work with reputed developers having good track record of execution. The leads are generated both through online and offline routes," he said, while emphasising the increasing importance of technology in

As the name of the company suggests, Kansal said it is trying to provide 360-degree solution to customers by offering services like home loans assistance, and

"The other services have very little contribution of 3-4 per cent in our overall revenue. But we want to grow these segments as well," he said.

Asked about geographies that contribute most to its sales, Kansal said has a share of 30 per cent, while south and north/east account for 20 per cent each.

The remaining 30 per cent of sales come from NRIs.

Among its competitors, Square Yards, which is backed by Reliance group, posted a revenue of Rs 156 crore during last fiscal while ANAROCK clocked a revenue of about Rs 100 crore in 2017-18. Corp-backed has not shared its revenue number.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, September 16 2018. 17:45 IST