<p>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.</p>.<p>Mumbai-based Anarock had posted a revenue of Rs 566 crore in the 2023-24 financial year.</p>.<p>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.</p>.<p>In an interview with <em>PTI</em>, 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.</p>.<p>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.</p>.Data centres brought in $6.5 bn in the last decade: Anarock.<p>"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.</p>.<p>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.</p>.<p>Asked about the performance of office leasing consultancy services that it entered in April 2024, he 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.</p>.<p>About the housing demand scenario, Puri said the market was bit slow between January 1-March 15 period of this calendar year, but sales have picked up thereafter.</p>.<p>"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.</p>.<p>Puri said the Indian real estate market is becoming orgnaised and mature, benefiting both property developers and consultants.</p>.<p>Last year, Anarock raised Rs 200 crore from 360 One Asset Management Ltd to fund its overall business growth organically and inorganically.</p>.<p>"We have not used this fund so far. We are looking for acquisitions that can complement our businesses," he said.</p>.<p>Anarock Group currently has more than 2,300 employees operating across key tier-1 and 2 markets in India and the Middle East.</p>.<p>Puri said the employee strength will increase in line with expected growth in its business.</p>.<p>He sounded extremely bullish about the company's growth during the current fiscal as well, despite global economic uncertainties.</p>
<p>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.</p>.<p>Mumbai-based Anarock had posted a revenue of Rs 566 crore in the 2023-24 financial year.</p>.<p>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.</p>.<p>In an interview with <em>PTI</em>, 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.</p>.<p>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.</p>.Data centres brought in $6.5 bn in the last decade: Anarock.<p>"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.</p>.<p>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.</p>.<p>Asked about the performance of office leasing consultancy services that it entered in April 2024, he 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.</p>.<p>About the housing demand scenario, Puri said the market was bit slow between January 1-March 15 period of this calendar year, but sales have picked up thereafter.</p>.<p>"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.</p>.<p>Puri said the Indian real estate market is becoming orgnaised and mature, benefiting both property developers and consultants.</p>.<p>Last year, Anarock raised Rs 200 crore from 360 One Asset Management Ltd to fund its overall business growth organically and inorganically.</p>.<p>"We have not used this fund so far. We are looking for acquisitions that can complement our businesses," he said.</p>.<p>Anarock Group currently has more than 2,300 employees operating across key tier-1 and 2 markets in India and the Middle East.</p>.<p>Puri said the employee strength will increase in line with expected growth in its business.</p>.<p>He sounded extremely bullish about the company's growth during the current fiscal as well, despite global economic uncertainties.</p>