Real Estate Stock Below Rs 120: JUSTO Realfintech Launches New Sourcing Mandates Vertical With Rs 300 Crore+ Win; Check Details

On Monday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 71.35 points (0.29 per cent) to 24,180.65. Amid the market movement, Justo Realfintech share price fell 0.90 per cent to Rs 110.00 after the company announced the launch of its Sourcing Mandates vertical with its first assignment from Paranjape Schemes covering inventory valued at more than Rs 300 crore in Pune.

JUSTO Realfintech Launches Sourcing Mandates Vertical

JUSTO Realfintech Limited has launched its new Sourcing Mandates vertical and secured its first assignment from Paranjape Schemes. The mandate covers inventory valued at approximately more than Rs 300 crore across The Promenade Residences, a residential development, and Altius, a commercial development, located at Blue Ridge in Hinjawadi, Pune.

Under the new sourcing model, JUSTO will lead channel strategy, partner activation, demand generation and qualified customer sourcing. The developer's internal team will continue to manage customer engagement and closures.

New Model to Leverage 6,000+ Channel Partners

The Sourcing Mandates vertical will allow developers to access JUSTO's market intelligence and network of more than 6,000 channel partners without outsourcing the complete sales lifecycle.

The company stated that the model is designed to complement its existing residential and commercial mandates, financial advisory, capital markets and allied services.

Expands Association With Paranjape Schemes

The latest assignment extends the existing association between JUSTO Realfintech and Paranjape Schemes. The two companies have previously collaborated on mandates including Gloria Grand, Bavdhan, Happiness Hub, Aspire, Athena and Trident, among others.
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The inaugural sourcing mandate covers inventory at The Promenade Residences and Altius, which are located within Paranjape Schemes' integrated Blue Ridge township in Hinjawadi. The development benefits from its proximity to Pune's established IT and employment ecosystem.

Management Commentary

Commenting on the development, Mr. Pushpamitra Das, Founder and Managing Director, JUSTO Realfintech Limited, said: “The Sourcing Mandates vertical is a natural evolution of JUSTO’s platform, allowing us to extend the depth of our market intelligence and channel ecosystem through a focused and scalable model. Beginning this journey with Paranjape Schemes is particularly significant, given the trust and track record we have built together across multiple mandates. Our focus remains on disciplined execution, stronger sales outcomes and creating sustained value to deliver real growth.”

Sourcing Mandates to Expand Across Key Markets

The new vertical will initially focus on Pune and subsequently expand across the Mumbai Metropolitan Region and other strategic Real Estate markets. It will operate alongside JUSTO's existing residential and commercial mandates, financial advisory, capital markets and allied services.

About JUSTO Realfintech

JUSTO Realfintech Limited is a BSE SME-listed company founded in 2019 and operates a technology-enabled, mandate-led real estate execution platform. The company partners with developers across project strategy, pricing and positioning, marketing, sales, CRM-led execution and channel distribution.

JUSTO has a presence across Pune, the Mumbai Metropolitan Region and Nashik. The company combines on-ground market expertise with proprietary technology, real-time analytics and a network of more than 6,000 RERA-registered channel partners.

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Disclaimer: The article is for informational purposes only and not investment advice.