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Anant Raj unveils luxurious The Estate Residences project in Gurugram
We will invest over Rs 100 billion to develop 300 MW data centres
When it comes to execution, Anant Raj, established in 1969, has significantly transitioned from a contractor to a developer. In the past, it operated as one of the largest contractors in Delhi, contributing to construction of about 30,000 houses for the Delhi Development Authority (DDA). Notable constructions include the prestigious ASIAD Village Complex built by DDA for the 1982 Asian Games. Virtually all its projects, spanning over 18 million sq ft (excluding projects transferred to demerged entities), have been constructed by its inhouse team. “Our ecosystem and project plans position us ..
Anant Raj unveils Rs 40 bn expansion plan for Gurugram, Andhra
Anant Raj, a prominent realty firm based in Delhi, has unveiled ambitious plans to introduce three new housing projects in Gurugram and Andhra Pradesh within the next 6-9 months. These projects, valued at an estimated Rs 40 billion, are a strategic move by the company to capitalise on the robust demand for residential properties.
In Gurugram's Sector 63A, Anant Raj will launch a luxury group housing project covering an expansive area of over one million square feet. Additionally, the company intends to roll out plots and villas spanning approximately 1 million square feet within its s..
Anant Raj unveils Rs 40 bn expansion plan Gurugram, Andhra Pradesh
Anant Raj, a prominent realty firm based in Delhi, has unveiled ambitious plans to introduce three new housing projects in Gurugram and Andhra Pradesh within the next 6-9 months. These projects, valued at an estimated Rs 40 billion, are a strategic move by the company to capitalise on the robust demand for residential properties.
In Gurugram's Sector 63A, Anant Raj will launch a luxury group housing project covering an expansive area of over one million square feet. Additionally, the company intends to roll out plots and villas spanning approximately 1 million square feet within its sp..
ED Kochi seizes shipyard company's assets worth Rs 120 mn under PMLA
The Enforcement Directorate's Kochi Zonal Office announced that properties valued at approximately Rs 120.20 million had been attached from the shipyard company under the provisions of the Prevention of Money Laundering Act (PMLA).
According to an official release from the central agency, the attached properties comprised 35 movable properties, including securities, imported machinery, bank balances, and 2 landing barges valued at Rs 100.07 million, along with 4 immovable properties valued at Rs 20.13 million.
The release stated that on May 10, ED Kochi provisionally attached pro..
Shriram Finance Sells Housing Finance Business
Shriram Finance has finalised the sale of its entire 85% stake in the housing finance business to Warburg Pincus for a whopping Rs 46.30 billion. This move marks Shriram Finance's exit from the housing finance sector, signalling a strategic shift in its business focus. The deal, valued at over Rs 54 billion including a stake sale and fresh equity infusion, positions Warburg Pincus as a significant player in the Indian housing finance market.
Shriram Finance's decision to divest its housing finance arm aligns with its broader corporate strategy, aimed at optimising its portfolio and conc..
