Representative image Photocredit: Kesavan an 1612@chennai
Real estate advisor Anarock Group Revenue grew by 33 percent last tax to £ 755 crore on a better demand for residential and commercial properties, said chairman Anuj Puri.
Anarock, based in Mumbai, had posted a turnover of £ 566 Crore in the financial year 2023-24.
In an interview with PTIPuri attributed the increase in the company’s turnover to the total economic growth, which feeds the demand for residential and commercial properties of end users and investors.
He said that the income from the advisory services in the living segment was around £ 420 crore, which is approximately 56 percent of the total turnover of the group.
“Land deals and capital market transactions contributed considerably to the total income, because developers were aggressive in land purchases and also fundraising to expand their business,” Puri said.
Puri said that the remaining income came from the sale, as well as leasing office, retail and storage spaces; strategic consulting; Project management; Co-working platform, consultancy in hospitality segment; and mobile application of society management.
When asked about the performance of advisory services for office lease that it introduced in April 2024, he said that it did extremely well, not only when building the team in 7-8 large cities, but also when closing many workspace leasing transactions.
About the scenario of the demand for housing, Puri said that the market was a bit slow between January 1, 15 period of this calendar year, but the sale was then picked up.
“We make consistent efforts to identify obstacles on the Indian real estate market and then to bring the right solutions to tackle those pain points,” said the Anarock chairman.
Puri said that the Indian real estate market is becoming orgnaized and mature, and benefits from both real estate developers and consultants.
Last year, Anarock collected £ 200 crore from 360 One Asset Management LTD to finance its total business growth organically and inorganically.
“We have not used this fund so far. We are looking for acquisitions that our companies can supplement,” he said.
Anarock Group currently has more than 2,300 employees who are active on important Tier-1 and 2 markets in India and the Middle East.
Puri said that the power of the employees will increase in line with the expected growth in her company.
He sounded extremely bullish about the growth of the company during the current tax, despite the global economic uncertainties.
Published on May 18, 2025
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