New Delhi: Real estate consultant Anarock Group has reported a 36 per cent rise in its revenue to Rs 566 crore in the last financial year, helped by better earnings from housing brokerage and other services.
The company recorded revenue of Rs 416 crore during 2022-23.
Domestic Anarock was founded by Anuj Puri in April 2017 after serving as country head at an international property consulting firm for 10 years.
“Real estate markets across all cities, especially residential, are performing well with sales and launches at a 15-year high,” Puri, chairman of Anarock, said in an interview.
Naturally, he said, this is driven by the young working population's desire to buy their first home rather than rent.Puri said, "...we are benefiting from this unprecedented growth in housing sales after establishing our technological and digital platforms."
All major business segments contributed to revenue growth in the last financial year, he said.
These include housing brokerage, retail, land, capital markets, strategy consulting, hospitality wing HVS-Anarock and society management brand ANACITY.
The chairman said the company will continue to invest for higher growth through organic and inorganic routes, raising private equity to strengthen players in domains such as anarock.
To sustain growth, Anarock said it will significantly increase its headcount in FY 2024-25, particularly in advisory services through its recently launched office leasing.Anarock Group currently has over 2,200 employees across key Tie 1 and 2 markets in India and the Middle East.
“FY24 has been a phenomenal year for the Indian residential sector, with record sales and new launches across the top 7 cities,” said Santosh Kumar, Vice Chairman, Anarock.
He said the company has exceeded its revenue target by 6 percent "but only see this as a suitable launch-pad for bigger and better things."
He said the company is confident of almost tripling its current revenue to Rs 1,50 crore by 2026-27.
Outlining future plans, Kumar said, “We will enter more key markets this year with a broader service set.,
Kumar said, “The Indian economy continues to demonstrate strength and will certainly support your targeted growth. However, we rely even more strongly on our continuously improving technology suite and undoubtedly the best real estate teams in the business.” We do."
The company recently raised Rs 200 crore from 360 One Asset Management ltd for its overall business development and deployment in its industry-defining proptech platform.
Over the past six years, Anarock has expanded from a residential-focused organization to complementary sectors including retail, office, hospitality logistics, data centre, industrial and land.
It also provides strategic advisory, investment banking, research and valuation services besides offering an app-based flexible workspace and society management platform.
The company recorded revenue of Rs 416 crore during 2022-23.
Domestic Anarock was founded by Anuj Puri in April 2017 after serving as country head at an international property consulting firm for 10 years.
“Real estate markets across all cities, especially residential, are performing well with sales and launches at a 15-year high,” Puri, chairman of Anarock, said in an interview.
Naturally, he said, this is driven by the young working population's desire to buy their first home rather than rent.Puri said, "...we are benefiting from this unprecedented growth in housing sales after establishing our technological and digital platforms."
All major business segments contributed to revenue growth in the last financial year, he said.
These include housing brokerage, retail, land, capital markets, strategy consulting, hospitality wing HVS-Anarock and society management brand ANACITY.
The chairman said the company will continue to invest for higher growth through organic and inorganic routes, raising private equity to strengthen players in domains such as anarock.
To sustain growth, Anarock said it will significantly increase its headcount in FY 2024-25, particularly in advisory services through its recently launched office leasing.Anarock Group currently has over 2,200 employees across key Tie 1 and 2 markets in India and the Middle East.
“FY24 has been a phenomenal year for the Indian residential sector, with record sales and new launches across the top 7 cities,” said Santosh Kumar, Vice Chairman, Anarock.
He said the company has exceeded its revenue target by 6 percent "but only see this as a suitable launch-pad for bigger and better things."
He said the company is confident of almost tripling its current revenue to Rs 1,50 crore by 2026-27.
Outlining future plans, Kumar said, “We will enter more key markets this year with a broader service set.,
Kumar said, “The Indian economy continues to demonstrate strength and will certainly support your targeted growth. However, we rely even more strongly on our continuously improving technology suite and undoubtedly the best real estate teams in the business.” We do."
The company recently raised Rs 200 crore from 360 One Asset Management ltd for its overall business development and deployment in its industry-defining proptech platform.
Over the past six years, Anarock has expanded from a residential-focused organization to complementary sectors including retail, office, hospitality logistics, data centre, industrial and land.
It also provides strategic advisory, investment banking, research and valuation services besides offering an app-based flexible workspace and society management platform.
