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

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..