UdayHomz.com chalks out major expansion plans across the nation; to raise Rs. 12 crores for expansion
- To enter new markets in tier-1 and tier-2 cities
- To launch tech enabled products including a mobile application by next quarter of 2015
- To generate more than 500 employment opportunities
- To have 60 branches across India by 2019; also eyeing expansion in overseas market
- The Gross Merchandise Value of properties sold by portal is U.S. $ 10-15 million, from NCR, on month-on-month basis
Gurgaon, June 10, 2015: UdayHomz.com, the Gurgaon based I.T. enabled real estate investment advisory portal that works with an objective to help buyers in making the best property investment in India, has chalked out major expansion plans to expand its presence across India. Unlike other aggregator websites, the portal is a one stop solution to potential Indian investors and Non Resident Indians (NRIs), which also provides customized services to its clients, as per their needs. The business expansion will take place in a phase-wise manner. To begin with, in the first phase, the company will expand its presence by entering the markets of Bengaluru, Pune, Chennai, Hyderabad and Ahmedabad.
The total cost of investment for expansion would be in tune of Rs. 12 crores. The company is already in talks with few renowned investors to raise the funds. Besides, the expansion will also generate employment opportunities for more than 500 people across different verticals of Marketing & Sales, I.T., Product Development, Human Resources, Research & Development, Customer Relationship Management, across different hierarchies. Apart from this, UdayHomz.com is also planning to open 10-12 new offices every year. With this, it will have 60 offices in India by 2019. As a part of its expansion plans, the portal also has plans to establish its presence in international markets.
UdayHomz.com is also undertaking product development of various tech-enabled products, including a mobile application that are aimed at improving customer service and will make the entire process more simple and hassle free. The new products will be launched by the next quarter of 2015. The Gross Merchandise Value (GMV) of properties sold by portal is U.S. $ 10-15 million, only from NCR, on month-on-month basis. Compared to last financial year, this year the company grew at a rate of 400% on Year-over-Year basis.
Speaking on the occasion, Mr. Gaurav Yadav, Director, UdayHomz.com, said, “In India, 90% of property transactions are managed by brokerage and advisory consultants. Despite the fact that North India was severely affected by the crunch in the real estate industry, we have managed to grow at a rate of 400% on Year-over-Year basis, with business coming from NCR. Though the real estate industry is sluggish at the moment, but the sentiments have started turning positive. We are hopeful that the industry is on the gates of revival. Having said so, we see great potential in Southern India, which is doing exceptionally well and we look forward to make the most of it by expanding our business operations across the country.”
He also added, “At UdayHomz.com, our vision is to help customers in finding their dream home in the easiest possible manner. We have always ensured that we offer fairness and transparency in all our dealings. Unlike other aggregator websites, we are a one stop solution provider to potential Indian investors and NRIs. We have our own in-house Customer Relationship Management Cell and our Relationship Managers work closely with customers to understand their needs and provide customized and best solutions to them”.
UdayHomz.com is an IT enabled Real Estate Investment Advisory Firm, headquartered in Gurgaon. Started in the year 2012, the company serves a huge clientele worldwide with primary focus on Ultra High Net Worth Individuals (UHNWI) and Non-Resident Indians (NRIs). The company adheres to stringent policies in terms of sales that ensure maximum benefits to its customers and are designed with various check points that guarantee no mis-sell.
The company is spearheaded by Mr. Gaurav Yadav, Director - UdayHomz.com, who has successfully carved a robust niche in a market that already had a strongly-entrenched presence of other players. He has achieved this by not just creating a stronghold in Real Estate advisory but also by offering personalized services to consumers. He has played significant roles at MNCs like IBM and Ernst & Young for several years during his decade long stint in the U.S. before returning to India.