In a bid to reduced its debt Anant Raj is planning to sell some of its hotel properties and land parcels. The company was able to reduce its debt by Rs 90.98 crore and the total debt for the year 2013-14 is Rs 1,403.14 crore against Rs 1,494.12 crores last year.
Meanwhile, the company has invested about Rs 1,000 crore in last three years to purchase 270 acre land, mostly in Gurgaon. The company owns 14-15 prime land parcels for hotel development, of which 4 are already under operations.
Anant Raj is armed with one of the largest land banks in the region and is in the process of building an array of Special Economic Zones (SEZs), IT Parks, Hotels, Commercial Complexes, Malls, Residential / Service Apartment and other infrastructure projects.
