Justo Realfintech Secures New Sales Mandates Aggregating Over ₹1,100 Crore Across Mumbai and Pune Projects
Justo Realfintech Limited secured new sales mandates aggregating over ₹1,100 crore across residential and commercial projects in Mumbai and Pune, as announced by Chairman and Managing Director Puspamitra Das. The development brings cumulative mandates since listing to approximately ₹4,647 crore and the aggregate executable portfolio to approximately ₹6,272 crore, reflecting approximately 50% growth since listing. The mandates involve seven developers and cover approximately 900 units spanning over 7.7 lakh square feet, with mandate values representing gross development value rather than assured company revenue.

*this image is generated using AI for illustrative purposes only.
Justo Realfintech Limited has secured new sales mandates aggregating to over ₹1,100 crore across residential and commercial projects located in Mumbai and Pune, as disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Puspamitra Das, Chairman and Managing Director of the Company.
Mandate Portfolio at a Glance
The latest additions have meaningfully expanded the Company's mandate portfolio. The following table summarises the key portfolio metrics disclosed:
| Metric: | Details |
|---|---|
| New Mandates Secured: | Over ₹1,100 crore |
| Cumulative Mandates Since Listing: | Approximately ₹4,647 crore |
| Aggregate Mandates Under Execution: | Approximately ₹6,272 crore |
| Total Units (New Mandates): | Approximately 900 units |
| Saleable Area (New Mandates): | Over 7.7 lakh square feet |
| Growth in Executable Portfolio (Since Listing): | Approximately 50% |
In the nine months since listing, the Company's executable mandate portfolio has increased by approximately 50%, reflecting the scale of new business activity during this period.
Developers and Projects Involved
The newly secured mandates are associated with projects being developed by a range of developers across Mumbai and Pune. The projects collectively span both residential and commercial segments. The developers involved include:
- Malpani Estates
- Sneha Constructions
- Mohid Constructions Co
- BB Square
- South Field Realty
- Kakkad-Shah Promoters LLP
- Ravi Developments
These mandates are in line with the Company's business model of undertaking sales and marketing responsibilities for real estate projects on a mandate basis.
Disclosure Note on Mandate Valuation
The Company has clarified that the value of mandates stated above represents the gross development value (GDV) of the respective projects. This figure does not represent revenue or assured income of the Company, and readers should interpret the mandate values accordingly.
Given that mandate values represent GDV rather than actual revenue, what is Justo Realfintech's typical commission or fee structure, and how much actual revenue could these ₹1,100 crore mandates realistically generate?
With the executable mandate portfolio growing 50% in nine months since listing, can Justo Realfintech scale its sales and marketing operations proportionally to avoid execution bottlenecks across the 900 new units?
How might a potential slowdown in Mumbai and Pune's residential real estate market impact the conversion rates and timelines for executing the cumulative ₹6,272 crore mandate portfolio?































