The Guardians posts highest revenue jump

Non-broking, real estate consulting firm, The Guardians Real Estate Advisory, posted its highest ever revenue growth of 146 per cent Y-o-Y, at Rs 65.35 crore for the first three quarters of FY21.

The Mumbai based firm has reported sales of 2,113 homes and 117 offices with a cumulative value of Rs 3,687 crore across its mandated projects, in the same duration, a 114 per cent growth in sales Y-o-Y. The firm also witnessed a 29.5 per cent growth in sales and a 118 pc growth in its revenue Q-o-Q.

The residential team of the firm booked sales of Rs 3511 crore between Apr-Dec 2020. It had previously locked revenue of Rs 19.66 crore and sales of Rs 1,378 crore for the corresponding nine months of FY19-20.

Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory, said, “We have successfully transformed ourselves from being an entity that was primarily known for its work in the mid-income housing segment to an unrivalled player in the luxury home segment, too. Over the past nine months, 48 pc of our sales and corresponding income has come from homes that cost upwards of Rs.2 crore.”