NoBroker, one of India’s largest proptech companies, announced its diversification into the fast-growing luxury real estate market. This new vertical caters to High Net Worth Individuals who are looking for a seamless and hassle-free experience while buying or selling high-value properties.
NoBroker has already facilitated several successful luxury property purchases—the most recent one being a record-breaking transaction of ₹41 crores. It played a key role in securing a luxurious duplex apartment for VP Nandakumar, the Managing Director and CEO of Manappuram Finance Ltd.
This sprawling 4500 sq ft residence is located in the tony Bandra West area of Mumbai. Avisa by S Raheja Developers sprawls over panoramic views of the sea with matchless privacy—only one apartment per floor.
Reflecting the premium nature of the property, Nandakumar picked it up for ₹41.25 crore and paid a stamp duty of ₹2.3 crore. The new home will be occupied by Nandakumar’s son, currently managing the family business in Mumbai. This is their 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 that aligns well with the increasing consumer appetite for luxury living. Having recently forayed into the luxury residential market, NoBroker.com has already facilitated multiple transactions over INR 10 crore in ticket sizes across the core luxury markets of Mumbai, NCR, Bengaluru, and Hyderabad. Of course, Mumbai has been a torchbearer of sorts for such high-value deals. This transaction is not just a validation of our approach but also showcases the growth opportunities in this segment.”
The organization attributes its success to its high-caliber, deeply experienced team that knows virtually every nook and corner of the specific luxury micromarkets on their radar. It is this very practical value of品 NoBroker that offers a seamless, transparent, and personally customized experience, inferring the specific client requirement in each case.
Nandkumar, MD & CEO of Manappuram Finance Ltd. said, ” NoBroker made the purchase of my property absolutely seamless and trouble-free. Commitment and dose of professionalism in NoBroker Team was lucid in every step of process. Truly seamless service, wherein everything minutely taken care of with professionalism. I really remain thankful for your support, and gladly recommend NoBroker to any person intending to buy a property.”
This iconic transaction was handled professionally by the NoBroker builder channel. The company caters to discerning buyers seeking luxury apartments, villas, row houses, and holiday homes costing ₹10 crore and above.
