Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
Anant Raj Ltd, a real estate developer, recently made waves in the financial market by successfully securing Rs 500 crore through a Qualified Institutions Placement (QIP). The oversubscription of the QIP by more than three times, reaching Rs 1500 crore, indicates the significant interest and confidence that renowned institutional investors have placed in the company.
The QIP is designed to provide strategic funding, with the main goals being debt reduction and meeting working capital needs. With this financial boost, Anant Raj Ltd. is well-positioned to accelerate its expansion and take on large-scale real estate projects in strategic regions like Delhi, Tirupati, and Gurugram.
The company's forward-looking vision is reflected in its plans to invest approximately Rs 1,000 crore in the development of four diverse projects. These projects encompass a luxury residential venture in Gurugram, catering to the high-end market, an affordable housing initiative in Tirupati, aimed at providing quality housing at an accessible price point, a plotted commercial or residential project in Gurugram, and the transformation of an existing motel near Delhi airport into a multi-storey hotel and office complex.
Anant Raj Ltd is set to construct 1,900 2 BHK homes in Tirupati, each priced at less than Rs 20 lakh. This initiative, covering a substantial 1 million sq. ft area, is a testament to the company's dedication to meeting the housing needs of diverse segments of the population. Additionally, the company has already delivered 2,663 affordable houses in Neemrana, Rajasthan, showcasing a track record of successful execution in the affordable housing sector.
With an ambitious timeline, Anant Raj aims to launch all these projects within the next 6-9 months, signalling its agility and commitment to timely project delivery. The company anticipates a substantial revenue of Rs 4,500-5,000 crore over the following 3-4 years, underlining its confidence in the success of these ventures.
Beyond the realm of real estate, Anant Raj Ltd is set to diversify its portfolio by venturing into the development of data centre buildings. With a significant investment of Rs 10,000 crore in the pipeline, the company aims to establish 300 MW data centres in the coming years. The ongoing transformation of existing IT buildings in Manesar, Rai, and Panchkula in Haryana into data centres exemplifies the company's forward-looking approach in adapting to the evolving business landscape.
By investing in diverse projects, focusing on affordable housing, and venturing into new sectors like data centres, the company is showing its adaptability and dynamism in the market. The recent success in raising funds through a Qualified Institutions Placement (QIP) and the smart use of these funds highlight Anant Raj Ltd.'s ability to thrive in changing market conditions. With a clear vision for sustained growth, the company is well-positioned for the future.
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
We use cookies to give you the best possible service while using our website, please click accept and carry on browsing if you're happy with this. For more information see our Privacy Policy.
Okay, Got it!This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Propscience reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Propscience for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Propscience will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 ("RERA") and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Propscience accepts no responsibility for keeping the information in this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Propscience does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention to third party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Propscience accepts no responsibility for the content, reliability and information provided on these third-party websites. Propscience will not be held liable for any personal information of data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Propscience is not liable for the same. All details regarding a project/property provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. To find out more about a project / development, please register/contact us to visit the site you are interested in. All decisions taken by you in this regard will be taken independently and Propscience will not be liable for any such loss in connection with the same. This Site is for guidance only. Your use of this Site - including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional - client relationship between you and Propscience. Propscience cannot accept you as a client until certain formalities and requirements are met.
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy