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Anant Raj to sell some of its hotel properties and land parcels

10 Sep 2014 Evaluate

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.

Anant Raj Share Price

513.20 3.55 (0.70%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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