Anant Raj Limited, a publicly listed real estate developer, is preparing to launch four significant projects with a combined revenue potential of approximately Rs 4,000 crore. Amit Sarin, the Managing Director of Anant Raj Limited, revealed the details of these projects.
Two Housing Projects in Gurgaon:
The company intends to launch two housing projects in Gurgaon. One of these projects is expected to become an ultra-luxury group housing project spanning five acres of land with a revenue potential of around Rs 1,800 crore. Anant Raj Limited plans to construct approximately 10 lakh sq ft in this project at an estimated cost of Rs 500 crore. They are also in the process of expanding the land parcel to 250 acres.
Expansion of Anant Raj Estate in Gurgaon:
Anant Raj Limited has received a license for an additional 12 acres in its existing project called Anant Raj Estate. They are contemplating whether to develop plots or villas on this land. If they decide to sell only plots, the revenue potential is expected to be Rs 500 crore.
Anant Raj Centre in South Delhi:
The company has received all the necessary approvals, including a registration certificate from the Real Estate Regulatory Authority (RERA), for the construction of the Anant Raj Centre in South Delhi’s Mehrauli. The project will include hospitality, office space, serviced apartments, and more. The cost of construction, excluding land, is estimated to be around Rs 300 crore.
Affordable Housing Project in Andhra Pradesh:
Anant Raj Limited has initiated an affordable housing project in Tirupati, Andhra Pradesh, through its subsidiary, Jai Govinda Ghar Nirman Limited. This industrial township, named Anant Raj Aashray-11, will encompass about 10 lakh sq ft of space and approximately 1,900 apartments. The units are expected to be priced at less than Rs 20 lakh each, and the entire project is set to be completed by 2027.
These projects represent the company’s strategic expansion and diversification in the real estate sector, aiming to tap into various segments and create substantial value for stakeholders. Anant Raj Limited is well-positioned to leverage its extensive experience and expertise in real estate development.
