Nov 06, 2023

Anant Raj Ltd to Launch Three New Housing Projects Worth Rs 4,000 Crore

Realty firm Anant Raj Ltd is gearing up to expand its presence in the real estate market by launching three new housing projects in Gurugram and Andhra Pradesh over the next 6-9 months. These projects are estimated to have a combined sales value of approximately Rs 4,000 crore, reflecting the company's commitment to meeting the robust demand for residential properties.

The company's expansion plans extend to South Delhi, where it is developing a mixed-use project, including a hotel, serviced apartments, and an office complex, featuring a developable area of 7 lakh square feet. Construction work for this project has already commenced, and commercial spaces within this mixed-use development will be available for lease. Managing Director of Anant Raj Ltd, Amit Sarin, expressed strong confidence in these upcoming projects to Business Standard, expecting substantial revenue generation. He emphasized that the demand for these properties is driven by end-users, highlighting the robust and sustained demand in the market.

Notably, Anant Raj Ltd reported a remarkable 79 percent increase in its consolidated net profit for the second quarter of the fiscal year, reaching Rs 60.37 crore, compared to Rs 33.74 crore in the year-ago period.