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Anant Raj has announced the start of two new projects. The first project, called "Anant Raj Centre," is located in Mehrauli, South Delhi, and encompasses approximately 700,000 square feet. It will consist of a combination of office space, hospitality facilities, and serviced apartments. The company has obtained all the necessary approvals, including registration from the Real Estate Regulatory Authority (RERA) in Delhi.
The second project, "Anant Raj Aashray-11," is an affordable housing project situated in the Electronic Manufacturing Cluster 2 (EMC 2) in Tirupati, Andhra Pradesh. It is being developed by the Andhra Pradesh Industrial Infrastructure Corporation (APIIC). The project is expected to have a saleable area of approximately 10,00,000 square feet. For this project, the company got all approvals from RERA in Andhra Pradesh.
Anant Raj is one of the largest real estate developers in the Delhi and NCR region. On a consolidated basis, its net profit surged 105.39% to Rs 50.65 crore while net sales rose 98.36% to Rs 316.16 crore in Q1 June 2023 over Q1 June 2022.
Shares of Anant Raj rose 1.27% to Rs 234.50 on 13 October 2023.
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