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Anant Raj Limited, a publicly listed real estate developer, is embarking on an ambitious expansion plan that encompasses several significant projects. These initiatives span multiple domains, including residential, commercial, and industrial real estate, and are expected to generate substantial revenue, collectively estimated at nearly Rs 4,000 crore. Amit Sarin, Managing Director of Anant Raj Limited, provides insights into the company's multifaceted strategy. Anant Raj Limited's key project is an ultra-luxury Gurgaon housing venture spanning five acres, with a revenue potential of approximately Rs 1,800 crore. It includes nearly 10 lakh sq. ft of constructed space, with an estimated construction cost of around Rs 500 crore.
The expansion involves converting a South Delhi hotel into a versatile office and service apartment centre. It meets evolving business and travel needs and has an estimated construction cost of around Rs 300 crore, excluding land expenses. Moreover, Anant Raj Limited has gained a license to develop an additional 12 acres within its existing project, the Anant Raj Estate, located in Gurgaon. This well-established township already spans 110 acres, and the new tract will likely see the creation of plots or villas. The final decision regarding the project's nature will impact the revenue potential, with estimates indicating a figure of around Rs 500 crore.
Another noteworthy achievement is the receipt of all necessary approvals, including a registration certificate from the Real Estate Regulatory Authority (RERA), for the construction of the Anant Raj Centre, a mixed-use development in South Delhi's Mehrauli. This project represents a fusion of hospitality and office spaces, combining modern conveniences and business hubs. The project has already seen one lakh square feet of construction, with an additional six lakh square feet slated for development, driving construction costs to an anticipated Rs 300 crore, excluding land-related expenses. The new project's layout will encompass rooms, banquet halls, and serviced apartments, with potential plans to lease the property to a reputable hotel chain.
The project's final design and offerings will likely evolve as construction progresses. Anant Raj Limited is embarking on an affordable housing project in Tirupati, Andhra Pradesh, through its subsidiary, Jai Govinda Ghar Nirman Limited. Named Anant Raj Aashray-11, this project in Electronic Manufacturing Cluster 2 (EMC 2) was developed in collaboration with the Andhra Pradesh Industrial Infrastructure Corporation (APIIC). Covering around 10 lakh square feet, the projected cost is approximately Rs 350 crore, excluding land expenses. The Tirupati project, designed as an industrial township, is set to commence after Diwali. It will feature approximately 1,900 apartments priced under Rs 20 lakh.
The project is expected to conclude by 2027, presenting a modern ground-plus-seven structure. Established in 1969 by Ashok Sarin, Anant Raj Limited, a publicly listed company on NSE and BSE, offers a diverse real estate portfolio, including IT parks, hospitality projects, data centers, office complexes, shopping malls, and residential developments. Its substantial commercial rental portfolio generates an annual income of nearly Rs 65 crore. Committed to excellence and forward-thinking projects, Anant Raj Limited embarks on an exciting journey of real estate expansion and innovation.
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