Anarock's Revenue Rises 33% To Rs 755 Cr On Higher Consultancy Fees

Land deals and capital market transactions contributed significantly to the total revenue as developers were aggressive in land purchases and also fund raising to expand their businesses – Anuj Puri, Chairman, Anarock

New Delhi: Real estate consultant Anarock Group revenue grew 33 per cent last fiscal to Rs 755 crore on better demand for residential and commercial properties, it's Chairman Anuj Puri said. Mumbai-based Anarock had posted a revenue of Rs 566 crore in the 2023-24 financial year. Home-grown Anarock was established by Anuj Puri in April 2017 after serving as country head for 10 years in a global property consultancy firm.

In an interview with PTI, Puri attributed the increase in the company's revenue to the overall India's economic growth, which is fuelling demand for residential and commercial properties from end users and investors alike. He said the revenue from the consultancy services in the housing segment stood at around Rs 420 crore, which is about 56 per cent of the group's total turnover.

"Land deals and capital market transactions contributed significantly to the total revenue as developers were aggressive in land purchases and also fund raising to expand their businesses," Puri said. Puri said the remaining revenue came from sale as well as leasing of office, retail and warehousing spaces; strategic consulting; project management; co-working platform, consultancy in hospitality segment; and society management mobile application.