Anant Raj Industries to launch 125 acre township in 2 months

Delhi based real estate company, Anant Raj Industries is planning to launch its largest township project in 2 months, at least 2 people familiar with the development said on condition of anonymity.

The project is a mix development township located in Central Gurgaon which is spread over 125 acres. The company will have a saleable area of 6 million sq feet in this project. The construction work on the project will start in the next 2 months.

The revenue potential of this project is to the tune of Rs 4200 – 4500 cr over the next 2-3 years, said the one of sources. The company has spent Rs 500 cr in acquiring the land for the project.

On being contacted, Amit Sairn, Director & CEO of the company declined to comment on the development but indicated that his company had spend around Rs 860 cr in land acquisition over the last year and will be now focusing more on the residential segment.

This project comes on the back of the soft launch of the Neemrana project in which the company has sold 2800 houses.

The stock of Anant Raj was trading up 2.5% when the story was broken on ET Now.