REDEVELOPMENT BAZAAR ISSUES 5% PREFERENTIAL SHARES IN MAJOR FUND-RAISING MOVE, POISED FOR VERTICAL INTEGRATION AND EXPANSION

  Mumbai, October 27, 2024 – Redevelopment Bazaar, a leading Proptech redevelopment management company headquartered in Mumbai, today announced the issuance of 5% preferential shares at a valuation of ₹20 crore. This strategic move aims to bolster the company’s growth plans and capitalize on emerging opportunities in the redevelopment sector. The preferential share issuance is expected to attract significant interest from high net-worth individuals (HNIs) and institutional investors, looking to tap into the growth potential of India’s rapidly evolving real estate market. Post-November, Redevelopment Bazaar is poised for significant expansion, with expectations of reaching a valuation of ₹200 crore. The company plans to undertake the redevelopment of 300 housing societies