Anant Raj Industries, a Delhi based Real Estate Company, is planning to launch its largest township project. The township is spread over 125 acres and the construction work on the project will start in next 2 months. The project is a mix development township located in Central Gurgaon and the company will have a saleable area of 6 million sq feet in this project.
The company has already spent Rs 500 crore in acquiring the land for the project and over the next 2-3 years, the revenue potential of this project is to the tune of Rs 4200 - 4500 crore. Last year, the company had spend around Rs 860 crore in land acquisition and will be now focusing more on the residential segment. This project comes on the back of the soft launch of the Neemrana project in which the company has sold 2800 houses.
Anant Raj Industries 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.