Homesfy Realty Limited — Important, 12-11-2024: Updates

**Operational Update for Homesfy Realty Limited**

The company has successfully entered the Hyderabad market, expanding its regional footprint and capturing new opportunities. Homesfy has initiated a real estate mandate business to enhance engagement with developers, aiming to increase sales and profitability through strategic partnerships. This initiative started towards the end of FY24 and has already established a robust project pipeline.

In 1HFY25, Homesfy reported a Gross Transaction Value (GTV) of ₹1,002 crore, down 4% YoY, with total bookings also witnessing a decline of 21% YoY to 843 units. The average ticket size per home increased by 21% YoY to around ₹1.2 crore, indicating a shift towards higher-value properties. The mymagnet channel has seen significant growth, contributing ₹204 crore in GTV, a 57% year-over-year increase.

With these developments, Homesfy appears well-positioned despite recent declines, suggesting a positive outlook for future performance as the housing market remains strong and operational strategies continue to evolve. Investors should watch for ongoing improvements in sales metrics and potential growth from new market entries and business expansions.