Anarock achieves 32% revenue growth during last fiscal year

08 Jun 2022 CW Team

Home-grown real estate consultant Anarock was established by Anuj Puri in April 2017. Before setting up his company, Puri had worked as chairman and country head at a global property consultancy company for 10 years.

Puri told the media that the company has gained a strong increase in revenue despite the Covid-19 pandemic.

The company's revenue has increased to Rs 402 crore during the last fiscal year from Rs 305 crore in the financial year (FY) 2020-21, he said.

Puri said that the firm benefited from the consolidation in the real estate industry.

Anarock group, including its arm Trespect and affordable housing division, stimulated the sale of 18,800 units worth Rs 19,260 crore on behalf of real estate developers during the FY 2021-22.

Out of the total revenue posted in the last FY, he said the housing brokerage services contributed about Rs 300 crore.

The firm also earned revenue by promoting leasing and outright sale/purchase transactions in the retail, office, warehousing, and data centre segments. It also promoted various land deals.

Moreover, Puri said the company's capital market division functioned well and enabled real estate firms in raising funds.

Talking about the residential market, he said that the demand recovered sharply after the second wave of the Covid-19 pandemic.

Historical low-interest rates on home loans associated with stable housing costs during the last five to seven years enhanced the affordability of buying apartments, Puri observed.

He said, there has been an upsurge in demand for bigger apartments as people require extra space for work from home and study purposes.

Puri said the Indian real estate sector over the last two years has been seeing a huge consolidation of demand towards those developers who have an impeccable track record of implementation of projects.

He said the demand for office and retail spaces has also enhanced enormously.

Image Source

Also read: ANAROCK Capital closes sale of 41-acre land parcel in NCR

Anarock, one of the leading housing brokerage firms in India, has achieved a 32% growth in its revenue at Rs 402 crore during the last fiscal year owing to a sharp recovery in housing demand post the second wave of the Covid-19 pandemic. Home-grown real estate consultant Anarock was established by Anuj Puri in April 2017. Before setting up his company, Puri had worked as chairman and country head at a global property consultancy company for 10 years. Puri told the media that the company has gained a strong increase in revenue despite the Covid-19 pandemic. The company's revenue has increased to Rs 402 crore during the last fiscal year from Rs 305 crore in the financial year (FY) 2020-21, he said. Puri said that the firm benefited from the consolidation in the real estate industry. Anarock group, including its arm Trespect and affordable housing division, stimulated the sale of 18,800 units worth Rs 19,260 crore on behalf of real estate developers during the FY 2021-22. Out of the total revenue posted in the last FY, he said the housing brokerage services contributed about Rs 300 crore. The firm also earned revenue by promoting leasing and outright sale/purchase transactions in the retail, office, warehousing, and data centre segments. It also promoted various land deals. Moreover, Puri said the company's capital market division functioned well and enabled real estate firms in raising funds. Talking about the residential market, he said that the demand recovered sharply after the second wave of the Covid-19 pandemic. Historical low-interest rates on home loans associated with stable housing costs during the last five to seven years enhanced the affordability of buying apartments, Puri observed. He said, there has been an upsurge in demand for bigger apartments as people require extra space for work from home and study purposes. Puri said the Indian real estate sector over the last two years has been seeing a huge consolidation of demand towards those developers who have an impeccable track record of implementation of projects. He said the demand for office and retail spaces has also enhanced enormously. Image Source Also read: ANAROCK Capital closes sale of 41-acre land parcel in NCR

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Infrastructure Urban

19 Sep 2025

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Infrastructure Energy

19 Sep 2025

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..