Jaipur (Rajasthan) [India], April 4: Shubhashish Homes, the real estate arm of JK Jajoo Ventures, has successfully closed FY 2024-25 with pre-sales surpassing ₹211 crore, exceeding its initial target of ₹200 crore and marking an impressive 120% year-on-year growth from the previous year's ₹100 crore.
This remarkable achievement underscores Shubhashish Homes' rapid ascent as one of the region’s fastest-growing real estate developers. The success was fueled by the overwhelming response to three key project launches:
Speaking about this milestone, Mr. Mohit Jajoo, Executive Director & CEO, expressed his excitement: "We are thrilled to have exceeded our ‘Abki Baar 200 Crore Paar’ goal, closing the year at ₹211 crore in pre-sales. This achievement reflects the dedication of our team, the support of our vendor partners, and most importantly, the trust of our customers."
The company’s projects witnessed exceptional demand, with Shubhashish Prakash Phase 2 receiving 140% expressions of interest (EOI) compared to launched inventory, Shubhashish Marina at 130%, and Shubhashish Forest at 110%. With a focus on thoughtful design, competitive pricing, and superior customer experience, Shubhashish Homes continues to set new industry benchmarks.
Building on this momentum, Shubhashish Homes has set an ambitious target of ₹400 crore in pre-sales for FY 2025-26, aiming for yet another 100% year-on-year growth. The company is in advanced discussions to expand into Indore, a high-potential market, while also planning 3-4 new project launches within its existing portfolio. Two significant projects—one in Jaipur and another in Indore—are already in the pipeline, awaiting land acquisition and regulatory approvals.
"Jaipur and Indore present a significant supply-demand gap, making the next 18 months incredibly promising," added Mr. Jajoo.
Shubhashish Homes has also solidified its reputation for on-time project execution. In FY 2024-25, Phase 3 of Shubhashish Geeta was delivered ahead of schedule, while two towers of Phase 4 were handed over nearly a year in advance, with the remaining towers progressing ahead of committed timelines.
Additionally, the company has strengthened its standing as an employer of choice in the real estate sector. Shubhashish Homes was once again certified as a Great Place to Work®, securing multiple prestigious recognitions, including India’s Best Place to Work in Real Estate, Best Workplace for Women, Best Workplace for Building a Culture of Innovation for All
These accolades highlight Shubhashish Homes' commitment to a people-first approach and a high-performance, inclusive work culture. With a strong foundation, bold aspirations, and a clear vision for the future, Shubhashish Homes is poised for another milestone year, reinforcing its position as a leader in India's real estate sector.
Moneycontrol Journalists are not involved in creation of this article.
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