Despite two difficult years for the industry marred by Covid-19, Xanadu has grown at an aggressive CAGR of 63% since FY-20
Xanadu Group achieved its highest-ever sales revenue of a whopping Rs 1,027 crore in a record time of 45 days. The achievement is even more noteworthy given the usual dip in sales that the industry observes on account of ‘Pitrapaksha’ traditionally considered inauspicious for the industry.
Backed by its ability to provide breakthrough solutions and solve complex problems, the company delivered category-defining launches at Raheja Versova Island, Mayfair Pride Homes (Virar), The Imperial Goa by The House of Abhinandan Lodha, 47 East (Hadapsar, Pune) and Megapolis (Hinjewadi, Pune) by Kumar Properties, Merusri (Devanahalli, BLR), and TATA New Haven (Off Tumkur Rd, BLR), to mention a few.
While industry data shows that 1.84 lakh units were sold in seven leading cities in the first half of 2022, the latter half was poised to garner even more exceptional demand mainly due to the onset of the festive season. In the last 2-3 years, government initiatives like GST and SDR subsidies have created significant interest for the residential segment. And now, despite the recent increase in interest rates, the home-buying sentiment continues to remain strong assisted by a boom in NRI participation given the falling rupee.
Vikas Chaturvedi, CEO, Xanadu Group, said, “We believe that our unique product-to-market model provides our clients with an opportunity to not just solve their complex problems but also plan ahead to unlock disproportionate value in the future. We have strategically modelled our business into independent & profitable Strategic Business Units (SBUs), allowing us to grow inexplicably in multiple categories and geographies.
"Today, we are present in three cities and four categories with differentiated product offerings. Having already introduced a new SBU for the luxury segment, we are heavily investing in developing our proprietary technology to prepare for future scale-up and enter two new cities very soon.”
Xanadu represents flagship developments of its illustrious clientele in Mumbai, Pune, and Bengaluru, including the likes of The House of Abhinandan Lodha, Raheja Universal, Mayfair Housing, Tata Value Homes, Kumar Properties, The Wadhwa Group, Ajmera Group, Kamdhenu Realities, Raunak Group, and Bonito Designs.
Despite two difficult years for the industry marred by Covid-19, Xanadu has grown at an aggressive CAGR of 63% since FY-20, and currently has an order book (Inventory Under Management - IUM) of over Rs 34,000 crore.
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