Anant Raj Limited, a listed real estate developer, is gearing up to undertake a series of ambitious projects with a potential revenue of approximately Rs 4,000 crore. Amit Sarin, the Managing Director of Anant Raj Limited, provided insights into the company’s future endeavors.
The company’s expansion plan includes two housing projects in Gurgaon, the enhancement of existing commercial space in South Delhi, and the construction of nearly 1,900 affordable industrial units in Tirupati, Andhra Pradesh.
Mr. Sarin disclosed, “Currently, we have four projects in the pipeline, one of which is a group housing venture in Gurgaon. Anant Raj Limited presently owns about 180 acres for this project, with ongoing land acquisitions to expand it to 250 acres, contingent on prevailing policies. The potential revenue from this project is estimated at close to Rs 1,800 crore.”
The ultraluxury group housing project in Gurgaon will span five acres and encompass approximately 10 lakh sq ft of construction, with an estimated construction cost of nearly Rs 500 crore.
In addition to their Gurgaon projects, the company also received a license for an additional 12 acres in its existing Anant Raj Estate township, where they plan to develop plots or villas. The revenue potential for this expansion is projected at Rs 500 crore, provided they decide to sell only plots.
Anant Raj Limited has secured all necessary approvals, including a Real Estate Regulatory Authority (RERA) registration certificate, for the construction of the Anant Raj Centre in South Delhi’s Mehrauli. This mixed-land-use project will include hospitality and office space on Chattarpur Road, boasting a total constructed area of 7 lakh sq ft, with an estimated construction cost of around Rs 300 crore. The project will feature rooms, banquet halls, serviced apartments, and is expected to house close to 200 rooms. The company is considering the possibility of incorporating retail spaces on the ground and first floors upon completion.
Furthermore, Anant Raj Limited has initiated an affordable housing project in Andhra Pradesh through its wholly-owned subsidiary, Jai Govinda Ghar Nirman Limited. The Anant Raj Aashray-11 project is situated in the Electronic Manufacturing Cluster 2 (EMC 2) in Tirupati and is developed in collaboration with The Andhra Pradesh Industrial Infrastructure Corporation (APIIC). The project, spanning approximately 10 lakh sq ft, has received all necessary approvals from RERA, Andhra Pradesh, and is expected to cost nearly Rs 350 crore for development, excluding land expenses.
“This is an industrial township that we are developing in Tirupati, with close to 1,900 affordable apartments, each priced at less than Rs 20 lakh. The project is scheduled for completion by 2027 and will be a ground-plus-seven structure,” Mr. Sarin added.
Anant Raj Ltd, a NSE/BSE listed company, has been a prominent player in the real estate sector since its establishment in 1969 by Ashok Sarin. The company specializes in the development and construction of various projects, including IT parks, hospitality ventures, data centers, office complexes, shopping malls, and residential properties. Their commercial rental portfolio generates an annual revenue of around Rs 65 crore.