Nov 13, 2023

Anant Raj Ltd Aims to Raise Rs 500 Crore via Securities; Initiates Ambitious Housing Projects Valued at Rs 4,000 Crore!

As reported by Business Line, Anant Raj Ltd, a realty firm, has unveiled plans to raise Rs 500 crore through the issuance of securities to institutional investors. The company will seek shareholders' approval for this capital infusion through a special resolution featured in The Economic Times. While the specific purpose of the fundraising remains undisclosed, Anant Raj recently declared ambitious intentions to launch three housing projects in Gurugram and Andhra Pradesh within the next 6-9 months, with an estimated sales value of Rs 4,000 crore, said BQ Prime and Times of India. The projects include a luxury group housing venture in Sector 63A Gurugram, plots and villas in the Anant Raj Estate township, and 1,900 affordable housing units in Tirupati as mentioned in Business Standard. Amidst these strategic moves, Republic TV and Zeebiz report that Anant Raj aims to fortify its market presence and cater to the rising demand for residential properties.