By Accommodation Times News Services
Mumbai, 24th October 2016: The Wadhwa Group, one of Mumbai’s leading real estate development companies, has posted sales which are up by 43% in Q2FY16-17 to go along with the 20% growth in Q1FY16-17. With the sale of over 250 units in H1, the group has achieved 90% of the total volume of last financial year.
Two of the Wadhwa Group’s luxury projects, Atmosphere and Elite have sold 81 and 120 units respectively in H1 FY16-17. With excellent traction of sales, the group is now steaming ahead to build more such projects to be achieved this year. Upcoming luxury projects like W54 and 25 South have also found clients with six units already being sold for each.
Mr. Navin Makhija, Managing Director, the Wadhwa Group said, “We have almost achieved sales in the first half of 2016 what we had made in the entire last year. We are now aggressively looking at new projects through PMC and JDA model as it creates a win-win situation for all stake holders. As our sales growth has been good this year, we are looking to shift our focus in the acquisition of land banks as well. The group has been working very hard on the conceptualization of strategies, design, workforce and every possible aspect which will help us to fulfill our customer’s aspirations. This has eventually reflected in our recent sales growth as well.”
Mr. Girish Shah, Director, The Wadhwa Group said, “Strong growth in sales can be achieved when there is a right mix of networking, marketing, channel partner contribution, infusion of blue chip talent and a progressive management. With a well-reputed name like ours, it is an added advantage for us to deliver quality properties to all of our buyers.”
Sales from International markets across the portfolio accounted for over 5% of the total sales in Q2FY1617. Implementation of multiple activations, Road shows, events and use of digital platforms in strategic markets like the Middle East, US & UK has pulled overseas investments from NRI. The contribution of our channel partner increased to over 50% this year from the sales done so far.
With strong competency in commercial development, the group has realized the importance of reaching out to corporates and has activated multiple PSUs and other private companies to strengthen their corporate vertical.