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RelocateEasily.com eyes revenues of Rs 30 crore in 2010-11 fiscal

by Satrajit Sen

Bangalore-based rental relocation and property dealing website RelocateEasily.com is eyeing to touch a revenue figure of Rs 30 crore in the 2010-11 financial year. RelocateEasily.com was launched in June 2009 as a relocation service provider and started selling properties in February 2010.

by Satrajit Sen

Bangalore-based rental relocation and property dealing website RelocateEasily.com is eyeing to touch a revenue figure of Rs 30 crore in the 2010-11 financial year. RelocateEasily.com was launched in June 2009 as a relocation service provider and started selling properties in February 2010.

“We have around 400 properties to sell and 200 properties to be rented out per month with us. Each and every month, we are doing a total sales transaction of around Rs 5 crore and a total rental transaction of around Rs 40 lakh. Till date, we have crossed over 400 rental dealings and are closing 10 deals every month and we are sure that it will increase to 50 deals per month by the end of this year. We are targeting to cross the total transaction of Rs 30 crore in the financial year of 2010-2011,” Sudarshan Purohit, CEO, RelocateEasily.com told AlooTechie.

Sudarshan Purohit further said, “There is a huge market yet to be grabbed. Every month, a total of 3,000 properties are being registered in the eastern and southern parts of Bangalore. This means a total transaction of over Rs 1500 crore every month in just these two zones alone. Our target for the next financial year 2011-12 is to reach the figure of total transaction of Rs 120 crore.”

Commenting on the issue of transparency in property dealings, Purohit said, “As our clients are investing a lot of money while purchasing a property, they do not want any legal issue to arise in the future. For this reason, we have our own legal team to scrutinize the property documents. We start to market a property only if the property documents are clear. We also have tie ups with all major banks for housing loan and help our clients to get housing loans from the bank that suits their needs.”

According to Sudarshan Purohit, RelocateEasily.com is currently covering the entire southern and eastern part of Bangalore and has an employee count of 45 members. Speaking about the expansion plans of RelocateEasily, Purohit said that the company plans to expand its business to other zones of Bangalore and even to other cities and might also look for VC funding.

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