Anarock Group's FY25 Revenue Surges 33% to Rs 755 Crore on Strong Property Demand

Real estate consultant Anarock Group revenue grew 33 per cent last fiscal to Rs 755 crore, driven by better demand for residential and commercial properties, according to its Chairman Anuj Puri. 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 economic growth in India, which is fuelling demand for residential and commercial properties from end users and investors alike. He said the revenue from 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. The remaining revenue came from the sale and leasing of office, retail, and warehousing spaces; strategic consulting; project management; co-working platform, consultancy in the hospitality segment; and society management mobile application. Asked about the performance of office leasing consultancy services that it entered in April 2024, Puri said it has done exceptionally well, not only in building the team across 7-8 major cities but also in concluding many workspace leasing transactions. About the housing demand scenario, Puri said the market was a bit slow between January 1 and March 15 of this calendar year, but sales have picked up thereafter. We are consistently making efforts to identify hurdles in the Indian real estate market and then bringing the right solutions to address those pain points, the Anarock chairman said. Puri said the Indian real estate market is becoming organized and mature, benefiting both property developers and consultants. Last year, Anarock raised Rs 200 crore from 360 One Asset Management Ltd to fund its overall business growth, both organically and inorganically. We have not used this fund so far. We are looking for acquisitions that can complement our businesses, he said. Anarock Group currently has more than 2,300 employees operating across key tier-1 and 2 markets in India and the Middle East. Puri said the employee strength will increase in line with expected growth in its business. He sounded extremely bullish about the company's growth during the current fiscal as well, despite global economic uncertainties.