NoBroker, one of the leading proptech companies in India, has announced its expansion into the rapidly growing luxury real estate market. This new vertical caters to High Net Worth Individuals (HNIs) seeking a seamless and comfortable experience for high-value property transactions.
NoBroker has already facilitated several successful luxury property purchases, including a recent record-breaking transaction worth ₹41 crores. The company played a key role in securing a luxurious duplex apartment for VP Nandakumar, Managing Director and CEO of Manappuram Finance Ltd.
The sprawling 4500 sq ft residence is located in the prestigious Bandra West area of Mumbai. Developed by S Raheja Developers, the exclusive Avisa project boasts panoramic sea views and offers unparalleled privacy with only one apartment per floor.
Reflecting the property’s premium nature, Nandakumar acquired it for ₹41.25 crore and paid a stamp duty of ₹2.3 crore. This new home will be occupied by Nandakumar’s son, who currently manages the family business in Mumbai. Notably, this marks the family’s first property investment in Mumbai.
Commenting on the feat, Saurabh Garg, Co-founder & Chief Business Officer of NoBroker.com said: “We see immense potential in our luxury sales vertical, which aligns perfectly with the growing consumer appetite for luxury living. Having recently entered the luxury residential market, NoBroker.com has already facilitated multiple transactions over 10 crores ticket sizes across the core luxury markets of Mumbai, NCR, Bengaluru and Hyderabad. Mumbai, in particular, stands out as a key destination for such high-value deals. This transaction is not just a validation of our approach but also underscores the growth opportunities in this segment.”
NoBroker attributes its success to its team of experienced professionals with deep knowledge of specific luxury micromarkets. The company offers a unique value proposition – a seamless, transparent, and personalized experience tailored to each client’s specific needs.
Nandkumar, MD & CEO of Manappuram Finance Ltd said: “NoBroker made the process of purchasing my property incredibly smooth and hassle-free. The dedication and professionalism of the NoBroker team were evident throughout the entire process. They provided outstanding service, addressing every detail with care and efficiency. I am truly grateful for their support and highly recommend NoBroker for anyone looking to buy a property.”
NoBroker’s builder channel expertly managed this landmark transaction. The company caters to discerning buyers seeking luxury apartments, villas, row houses, and holiday homes priced at ₹10 crore and above.
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