NEW DELHI: Realty agency Anant Raj Ltd plans to launch three new housing tasks in Gurugram and Andhra Pradesh throughout the subsequent 6-9 months with an estimated gross sales worth of Rs 4,000 crore, because it seeks to increase enterprise amid robust demand for residential properties.
Delhi-based Anant Raj Ltd, which is listed on inventory exchanges, will launch a luxurious group housing challenge in Sector 63A Gurugram, comprising over a million sq. ft of developable space.
The corporate additionally has plans to launch plots and villas, having a saleable space of round 1 million sq. ft, in its almost 200-acre township ‘Anant Raj Property’ in Gurugram.
Anant Raj has additionally began development of 1,900 inexpensive housing tasks at Tirupati in Andhra Pradesh.
“We’re planning to launch three tasks in Gurugram and Andhra Pradesh throughout the subsequent 6-9 months. We predict a income of about Rs 4,000 crore from these tasks,” Anant Raj Ltd managing director Amit Sarin stated.
The demand could be very robust largely from end-users, he stated.
At Tirupati, the corporate will promote inexpensive properties at a value beneath Rs 20 lakh per unit, focusing on individuals working within the industrial models close by.
That aside, Sarin stated the corporate would develop a combined use challenge in South Delhi, comprising a resort, serviced residences and workplace complicated, with a developable space of seven lakh sq. ft. The development work has already commenced.
The corporate would lease business areas on this mix-use challenge.
Final month, Anat Raj Ltd reported a 79 per cent improve in its consolidated web revenue to Rs 60.37 crore for the second quarter of this fiscal on increased revenue. It had posted a web revenue of Rs 33.74 crore within the year-ago interval.
Its whole revenue rose to Rs 340.83 crore within the July-September interval of 2023-24, from Rs 265.87 crore within the corresponding interval of the earlier yr. The corporate’s whole bills grew to Rs 264.68 crore from Rs 223.84 crore.
Anant Raj Ltd is likely one of the main actual property gamers in Delhi-NCR and adjoining cities. It’s into the event of housing, business and information centre tasks.
The shares of Anant Raj have been buying and selling at Rs 240.65 apiece on the BSE, down 0.46 per cent, in afternoon commerce. The market cap stands at Rs 7,799.38 crore.
Delhi-based Anant Raj Ltd, which is listed on inventory exchanges, will launch a luxurious group housing challenge in Sector 63A Gurugram, comprising over a million sq. ft of developable space.
The corporate additionally has plans to launch plots and villas, having a saleable space of round 1 million sq. ft, in its almost 200-acre township ‘Anant Raj Property’ in Gurugram.
Anant Raj has additionally began development of 1,900 inexpensive housing tasks at Tirupati in Andhra Pradesh.
“We’re planning to launch three tasks in Gurugram and Andhra Pradesh throughout the subsequent 6-9 months. We predict a income of about Rs 4,000 crore from these tasks,” Anant Raj Ltd managing director Amit Sarin stated.
The demand could be very robust largely from end-users, he stated.
At Tirupati, the corporate will promote inexpensive properties at a value beneath Rs 20 lakh per unit, focusing on individuals working within the industrial models close by.
That aside, Sarin stated the corporate would develop a combined use challenge in South Delhi, comprising a resort, serviced residences and workplace complicated, with a developable space of seven lakh sq. ft. The development work has already commenced.
The corporate would lease business areas on this mix-use challenge.
Final month, Anat Raj Ltd reported a 79 per cent improve in its consolidated web revenue to Rs 60.37 crore for the second quarter of this fiscal on increased revenue. It had posted a web revenue of Rs 33.74 crore within the year-ago interval.
Its whole revenue rose to Rs 340.83 crore within the July-September interval of 2023-24, from Rs 265.87 crore within the corresponding interval of the earlier yr. The corporate’s whole bills grew to Rs 264.68 crore from Rs 223.84 crore.
Anant Raj Ltd is likely one of the main actual property gamers in Delhi-NCR and adjoining cities. It’s into the event of housing, business and information centre tasks.
The shares of Anant Raj have been buying and selling at Rs 240.65 apiece on the BSE, down 0.46 per cent, in afternoon commerce. The market cap stands at Rs 7,799.38 crore.
