Anarock Revenue May Rise 30% In FY24
Property consultant Anarock is expecting a 30 per cent growth in its revenue this fiscal year to around Rs 575 crore mainly driven by strong housing sales, its Chairman Anuj Puri said. Anarock, Out of the total estimated revenue in 2023-24 fiscal, he said around Rs 400 crore will come from sales of residential properties on behalf of builders. The residential sales in primary market (first sale) touched an all-time high in 2023 calendar year. The demand remains strong across all price points. The company also expects significant revenue from consultancy services in non-residential segments like leasing of retail and warehousing spaces, land deals and capital market transactions. In the previous year, Anarock had posted a revenue of Rs 440 crore. It had facilitated sales of 18,500 housing units’ worth about Rs 20,000 crore during the previous fiscal. Anarock has a presence across major cities in India and the Middle East. It has more than 2,200 employees. The company deploys its proprietary technology platform to accelerate marketing and sales on behalf of its clients. Over the last six years, Anarock has expanded from being a residential-focused organization to complementary sectors including retail, commercial, hospitality, logistics & data centres, industrial and land. The firm also specialises in strategic advisory, investment banking, research & valuations and offers app-based flexible workspaces and society management services.
Tags : Property consultant Anarock residential sales primary market proprietary technology