Anant Raj Introduce Housing Projects in Gurugram & Andhra for Rs. 40 bn

A prominent realty company based in Delhi, Anant Raj has disclosed the determined plans to launch three new housing projects in Gurugram and Andhra Pradesh within the next 6-9 months. The valuation of these projects are estimated Rs. 40 billion, which is a deliberate move by the company to make the most robust demand for residential properties.

In the Sector 63A of Gurugram, Anant Raj will launch a luxury group housing project that covers an extensive area of over one million square feet. Furthermore, the company intends to roll out plots and villas spanning approximately 1 million square feet within its rambling 200-acre township, 'Anant Raj Estate,' also located in Gurugram.

Additionally, Anant Raj has initiated the construction of 1,900 housing units with reasonable prices in Tirupati, Andhra Pradesh which catering to individuals employed in nearby industrial sectors. Making them easy to get to a broader demographic, these affordable homes are priced below Rs. 20 lakh per unit.  

The Managing Director of Anant Raj, Amit Sarin shared his thoughts on company's vision by stating, "We are gearing up to initiate these three projects in Gurugram and Andhra Pradesh over the next 6-9 months, with likely revenue of about Rs. 40 billion."

As a key player in the real estate region of Delhi-NCR and adjacent areas, Anant Raj focuses in the expansion of housing, commercial, and data centre projects. At present listed on stock exchanges, the company's shares were trading at Rs. 240.65 apiece on the BSE, replicates the firm's market capitalization at Rs. 77.9938 billion, regardless of a minor 0.46% dip in the afternoon business.