Justo Realfintech Limited partnered with Bizmart Commerce to host an exclusive real estate market interaction event in Nairobi on August 26, 2026. The gathering aimed to connect the Indian diaspora in Kenya with investment opportunities in India's evolving residential markets.

The event brought together non-resident Indians, high-net-worth individuals, and business leaders to discuss emerging destinations and infrastructure-driven growth. Pushpamitra Das, Chairman and Managing Director of Justo Realfintech , addressed the attendees on changing market dynamics.

Focus on Mumbai and Pune

The discussion centered on Mumbai and Pune as resilient residential markets. These cities are supported by sustained buyer demand, strong economic fundamentals, and expanding infrastructure. Das highlighted the growing interest among the diaspora in building long-term real estate portfolios in India.

CA Akash Kokadwar, Managing Director of Bizmart Commerce Limited, stated that the collaboration creates a credible platform for direct engagement with established Indian real estate professionals. The initiative seeks to provide overseas investors with reliable on-ground industry expertise.

Strategic Outreach

The engagement strengthens the connection between India's real estate ecosystem and the Indian community in East Africa. Attendees expressed interest in exploring investments in Mumbai, Pune, and other local markets during the networking session.

Justo Realfintech operates a technology-enabled, mandate-led real estate execution platform. Founded in 2019, the BSE SME-listed company partners with developers across project strategy, pricing, marketing, sales, and channel distribution. It maintains a network of over 6,000 RERA-registered channel partners across Pune, the Mumbai Metropolitan Region, and Nashik.

Justo Realfintech Ltd has released its audited financial results for the year ended March 31, 2026, providing a comprehensive overview of its financial health and operational strategy. The company, which operates a tech-driven real estate services platform, reported total assets of ₹162.25 crore and total equity and liabilities of ₹162.24 crore for the period. The filing details the firm's performance across its mandate platform and financial advisory verticals, alongside its expansion into new geographies.

Financial Performance

The company’s shareholders' funds stood at ₹126.87 crore as of March 31, 2026, comprising share capital of ₹18.80 crore and reserves and surplus of ₹108.07 crore. Non-current liabilities were reported at ₹1.29 crore, while current liabilities totaled ₹34.08 crore. On the assets side, non-current assets amounted to ₹20.45 crore, and current assets were recorded at ₹141.79 crore. Trade receivables increased significantly to ₹86.09 crore in FY26 from ₹49.43 crore in the previous year.

Expense Breakdown

Justo Realfintech provided a granular breakdown of its expenses for FY26. Total manpower costs rose marginally by 3% to ₹45.05 crore, up from ₹43.77 crore in FY25. Operational and other expenses increased by 17% to ₹19.15 crore, though the company noted that excluding a one-time bad debt write-off of ₹1.62 crore, the underlying operational cost increase was only 6%. Key operational expenses included brokerage and commission at ₹8.39 crore and travelling and conveyance expenses at ₹3.22 crore.

Finance Costs and Cash Flow

The finance cost details revealed that NCDs amounting to ₹5 crore, along with associated accrued costs, were repaid in the second half of the financial year using IPO proceeds. The net finance cost for the year was reported at ₹1.12 crore. The cash flow statement showed a net increase in cash and cash equivalents of ₹15.98 crore, bringing the closing balance to ₹23.14 crore. Net cash used in operating activities was ₹9.42 crore, while net cash from financing activities was ₹51.55 crore.

Strategic Developments

The presentation highlighted the launch of Chestertons India, a wholly owned subsidiary, as a strategic extension of the global real estate advisory firm Chestertons. Justo Realfintech also outlined its technology stack, Project Manthan, which is being delivered in five phases ranging from pre-sales to deep AI and fintech integration. The company reported a geographic footprint spanning Mumbai, Pune, and Nashik, with planned expansions into Ahmedabad, Bengaluru, and Hyderabad over the next 24 months.