Real estate consultant Anarock Group revenue grew 33 per cent last fiscal to Rs755 crore on better demand for residential and commercial properties. It had posted a revenue of Rs566 crore in the 2023-24 financial year.
Chairman Anuj Puri attributed the increase in the company's revenue to the overall economic growth, which is fuelling demand for residential and commercial properties from end users and investors alike. He said, “The revenue from the consultancy services in the housing segment stood at around Rs420 crore, which is about 56 per cent of the group's total turnover. Land deals and capital market transactions contributed significantly to the total revenue as developers were aggressive in land purchases and also fund raising to expand their businesses. The remaining revenue came from sale as well as leasing of office, retail and warehousing spaces; strategic consulting; project management; co-working platform, consultancy in hospitality segment; and society management mobile application.”
According to the firm, the office leasing consultancy services that it entered in April 2024, has done exceptionally well, not only in building the team across 7-8 major cities but also in concluding many workspace leasing transactions.
Last year, Anarock raised Rs200 crore from 360 One Asset Management Ltd to fund its overall business growth organically and inorganically. "We have not used this fund so far. We are looking for acquisitions that can complement our businesses," Puri told.
