ANAROCK to raise Rs 750 cr for buying proptech startups, biz expansion

18 Nov 2021 CW Team

Housing brokerage company ANAROCK Property Consultants is planning to raise about $100 million as equity to take over proptech startups and develop its business.

Mumbai-based ANAROCK, which is one of the prominent property consultants in the nation, had recorded an 18% increase in its income at about Rs 305 crore during the 2020-21 financial year despite the pandemic. The firm is targeting to boost its turnover to about Rs 400-450 crore this fiscal.

ANAROCK Chairman Anuj Puri told the media that they are planning to raise about $100 million as equity. There are several opportunities in the market for the procurement of proptech companies. They want to procure some of those firms, which fit their growth plans.

The firm has begun preliminary discussions with potential investors, he said, adding that it would take at least six months for the completion of fundraising. Puri made ANAROCK in April 2017 after serving as chairman and country head for 10 years in a global property consultancy company.

In January 2021, ANAROCK procured society and apartment management platform ApnaComplex from Bengaluru-based NestAway Technologies for approximately Rs 100 crore.

Recently, ANAROCK sold residential properties worth Rs 8,084 crore on behalf of developers during the April-September period this fiscal, surged by 82% year-on-year, on a return of demand, especially in Mumbai Metropolitan Region (MMR). It had sold properties amounting to Rs 4,446 crore in the April-September period in FY21.

The firm sold approximately 9,000 units during the first half of this financial year. The average ticket size of units sold was at Rs 90 lakh across the 13 cities of work. The MMR only contributed almost Rs 5,000 crore of sales value within the first half of this fiscal year, followed by Delhi-NCR estimating Rs 832 crore sales and Bengaluru at Rs 657 crore.

Image Source

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..