Homesfy.in Raises Around INR 9 Cr From Eminent Investors

Homesfy Realty, situated in Thane, has received $1,100,000 from early-stage growth investors Girish Gulati, Dnyanesh Bhatavadekar, Neha Idnany, Yogesh Bagaria, and Amit Bagaria.

Draft red herring prospectus (DRHP) for SME IPO submitted with NSE Emerge. The business intends to list on Indian bourses. The business will utilise the proceeds from the planned offering for its working capital needs, general corporate purposes, and organic expansion.

In the foreseeable future, real estate is projected to be a $1.5 trillion sector. As real estate developers consolidate market share via launches and building velocity, they need sales-driving partners. Homesfy streamlines the home-buying experience via the use of unique technological tools, rigorous procedures, and experienced sales agents, and is positioned to dominate the channel partner sales for all major developers in India, according to seasoned investor Girish Gulati.

"Purchasing a house for personal use or as an investment remains a popular option in the United States. Due to the epidemic, even hesitant youths now see the benefits of investing in tangible goods. This, along with RERA's introduction of a regulatory framework for the real estate industry, has opened the way for a rising interest in real estate transactions.

Ashish Kukreja, founder & CEO of Homesfy.in & MyMagnet.io, said that the company is devoted to bringing growth to its workers and investors, as well as giving satisfying services to its consumers.

Currently, Homesfy is based in Mumbai and operates in four cities in India, including Pune, Bengaluru, and the National Capital Region (NCR). Recently, the business begun the process of purchasing EQServ, a Mumbai-based real estate brokerage firm that facilitates residential property sales for category A+ developers in the city.

Homesfy, which was established a decade ago, swiftly became self-sufficient and grew to allow bookings of Rs 1,650 cr on its platforms during the previous fiscal year.