Anantraj-Capturing New Frontiers
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Rajiv Handa
Jul 20, 2022, 11:44:05 PM7/20/22
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Anantraj-Capturing New Frontiers The Company has always worked with focus on the execution
and delivery, so as to smoothen the process of moving in
by prospective buyers. As a result, “Anant Raj Estate”,
Company’s flagship residential township in Sector 63A,
near Golf Course Extension Road, Gurugram, is witnessing
increase in demand mainly due to shift in thought process
where customers prefer ready to move in flats/floors/villas/
developed plots in well planned societies and integrated
townships. Haryana Government has allowed higher FAR
resulting in extra Floor space in each residential building.
This has made the flats more affordable.
The Company has fully paid additional land parcels
adjoining to Anant Raj Estate in Sector 63A, Gurugram
Haryana, on which it has applied for two licenses to develop
the residential projects i.e. Deen Dayal Jan Awas Yojna on
20.14 acres of land and Group Housing Project on 5.43
acres of land. The initial approvals for these two projects
has already been received and company is planning to start
monetization of these land parcels in Q1 of the FY-23 for
Deen Dayal Jan Awas Yojna and in Q4 of the FY-23 for
Group Housing Project.
Govt. of India’s insistence for placing Data of Banks/
Companies/Government offices in Data Centers located in
India has resulted into spurt in demand for Data Centers in
India and this has come as a boon to the Company because
the Company has 5.50 million sq. ft. of ready space in the
buildings already constructed and the available space will
be converted in to Data Centers. These buildings require
enhancing of security cover and installing power back-ups
besides strengthening of the structure to convert the ready
buildings into Data Centers. Initially, the Company has
commenced the development of Phase-1 Hyper-Scale Data
Center at its ready IT building at IMT, Manesar, Gurugram,
Haryana through its wholly owned subsidiary Anant Raj
Cloud Pvt. Ltd.
The Company’s Wholly Owned Subsidiary, Anant Raj Cloud
Pvt. Ltd., has already received TIA-942 Rated 3 Certificate
from the Telecommunications Industry Association (TIA).
Anant Raj Cloud Pvt. Ltd. will execute the O&M of the Data
Center. Our Project is third project and the largest in North
India to have this Certificate.
Affordable housing is another segment of the company
which is a growing market. After successfully completing
and delivering 2,600 affordable units in Neemrana,
Rajasthan (Anant Raj Aashray), under affordable housing the Company has commenced its second project “Anant Raj
Aashray II” in Tirupati, Andhra Pradesh for construction &
Development of approx. 2,000 affordable units. The company
is also in process to commence another Housing project in
Sector 36A, Gurugram jointly with Adani Realty.
The Company also holds prime land in Delhi and these
land parcels are poised for massive expansions due to
recent changes in development norms for residential and
commercial spaces in coming year.
A segment wise operational brief is given below:
a) Residential:
The Company’s primary focus is on the development
of the Company’s prime integrated residential and
commercial development project viz. Anant Raj Estate
at Sector 63A, in South Gurugram. Total land owned
by the Company is approximately 175 acres in Sector
63A with a development potential of 7 million sq.
ft. The Company has planned to acquire additional
land in Sector 63A, Gurugram, to expand the existing
township in coming times.
The project is titled as “Anant Raj Estate” and
it comprises construction and development of
luxury Villas, Plots, Residential flats, Independent
floors and a Commercial complex. The Company is
receiving positive response from prospective buyers.
This project alone is expected to add total value
of ` 6,000 crores to the Company’s total revenues
which includes revenues from Joint Venture with
Birla Estates Private Limited. Anant Raj Estate is
one of the ambitious project of the Company, which
has received one of the fastest partial completion
certificates for around 70% of the total area.
The Company recently got approval for development
of another residential colony under Deen Dayal Jan
Awas Yojna (DDJAY) on 20.14 acres of fully paid
& owned land. This new ambitious project will add
more than ` 750 crores of inventory in the form of
residential & commercial plots. These plots are small
in size & affordable for mid segment buyers and are in
great demand. The Company is expecting to monetize
this inventory in next 18 months to 24 months.
The Company has also got approval for development
of Group Housing project on approx. 5.43 acres of
land at Sector 63A Gurugram, Haryana in addition to
company’s entitlement to get Floor Index Ratio (FAR)
of approx. 1 million sq. ft. on land being part of the
planned roads of Sector 63A, Gurugram. The Group
Housing Project will be having approx. 1.00 million
sq. ft. of saleable area and it is proposed to launch GH Project in Q4 of FY 23. The Company is expecting
revenues of more than ` 1,500 crores from this project
within a span of four years.
• JOINT VENTURE WITH BIRLA ESTATES
PRIVATE LIMITED
The Company has formed a joint venture LLP called
“Avarna Projects LLP” (JV) (50:50 Limited Liability
Partnership) with Birla Estates Private Limited for
the development of a residential complex at Sector
63A Gurugram, Haryana. The project envisages
development of 764 luxury floors built on 191 plots,
in part of our integrated township Anantraj Estate,
Sector-63A, Gurugram. The expected revenues of
LLP would be ` 2,350 crores over a period of 3
years. Tremendous response has been received and
100% of the inventory of 1st phase has been sold out,
amounting to ` 624.00 crores. Phase II of Project
“Navaya” will be launched in Q1 of FY 23 for which
RERA registration is already obtained.
• Affordable Housing Projects
Anant Raj is one of the pioneers in delivering affordable
homes, which is in line with Hon’ble Prime Minister’s
vision of “Housing for all”.
The Company on account of its expertise in
affordable homes has recently bagged a project from
APIIC (Andhra Pradesh Industrial Infrastructure
Corporation) to develop & construct 2,000 affordable
homes in the holy city of Tirupati (Andhra Pradesh).
The project is spread over an area of 10.14 acres in an
industrial colony developed by APIIC. The Construction
of project will commence in Q1 of FY2022-23, with a
completion target by FY2025-26. The company plans
to develop 2BHK units with a targeted sale price of
` 12-15 lakhs only per unit.
In the past, the Company has successfully delivered
2600 affordable homes in the State of Rajasthan in an
industrial colony developed by RIICO (Rajasthan State
Industrial Development and Investment Corporation)
in Neemrana, Rajasthan.
b) Commercial
(i) IT Park, Manesar, Gurugram
The Company has completed its IT Park situated
at Manesar, Haryana which is operational and
generating revenues. This location being nearer to
Gurugram, is coming up as a major Silicon hub.
Proposed connectivity to Manesar by Metro rail
services will make it into one of the prominent
locations. UID and NXTRA (Airtel Data Center)
Data Centers have already come up in the vicinity
of our IT Park Total developed area is around 1.8 million square
feet on 10 acres of land area against which
leasable area is 1.2 million sq. feet including
40,000 sq. feet of retail space. The Company has
all the necessary approvals such as Environment
Clearance, Fire Certificate, CC and other HSIIDC
regulatory approvals for the building. Based on
this, TIA approval for Rated 3 has been obtained
for setting up a 21 MW Data Center at the facility.
The Company has already commenced work
for setting up of the Data Center and 3 MW
is poised to be operational within Q2 of FY
2022-23 out of proposed Data Center of 21 MW
capacity, expandable upto 50 MW. The projected
annual rental revenue will be more than ` 200
crores at capacity of 21 MW. The Company
is also planning to get a MeitY empanelment
(accreditation) and get listed in a Government
Cloud Services Directory.
(ii) IT Park, Panchkula, Haryana
The Company is developing an IT Park with
space of 1.6 million sq. feet on land area of 9.23
acres through its subsidiary Company, Rolling
Construction Private Limited. As against this,
leasable area would be around 1.1 million square
feet. In Phase-I, the company has developed &
constructed an area of 6 lakhs sq. feet, which is
leased to reputed commercial clients including
first Call Center of Amazon in North India.
Now, to achieve maximum benefit from the
available space in the building, the Company
has plans to develop Tier III Data Center by
providing security support, power back-up and
strengthening of the structure. Besides this,
additional 5.25 acres of land is available for
development into a green field project with FSI
of 0.6 million sq. feet for a Data Center having
40 MW capacity.
(iii) IT SEZ RAI, Sonepat, Haryana
Total developable area in Rai building is 5.10
million sq. feet on 25 acres of the land allotted
to it by HSIIDC (Haryana State Industrial and
Infrastructure Development Corporation).
The Company has completed construction &
development of phase-1 of IT SEZ Project
comprising 2.1 million square feet, against which
1.4 million sq. feet is leasable. The Company is
also planning to develop a Tier III Data Center in
existing building and a Tier IV Data Center with
100 MW Load capacity on 15 acres of land as a green field project. Power supply from two grids is
available presently to cater the additional power
requirement of the data Center.
(iv) Office Building
The Company, through its associate Company
has developed an Office Building at Sector 44,
Gurugram, Haryana. Total developed area on
8,400 sq. mts. land is 2,10,000 sq. ft. The building
is fully leased out to various tenants.
c) Warehousing Project
The Company is planning to develop fully paid
free hold land parcels in Delhi & Haryana, as
Warehousing projects, within a span of five years.
The development of Warehousing projects will
be based on international standards and modern
age requirement.
d) Hospitality
The Company is conscious of the increasing demand
for Hospitality and Convention facilities in the
National Capital and has decided to develop sizeable
portfolio of its Hotel and Hospitality land parcels in
New Delhi. The Company intends to develop these
Projects for mixed land use development to provide
to the community Hotel, Hospitality, Convention and
Commercial facilities at multiple locations in New
Delhi. The Company’s hotel projects are situated in
premium Hospitality, Banquet and Convention districts
of New Delhi admeasuring individually from 5 to 7.5
acres. Some of these projects such as Hotel Stellar,
Hotel Bel-LA monde are presently being operated by
Third party operators on long term leases.
As per the current policy guidelines, developable area
has been enhanced for these properties by almost 10
times. The Company has proposed to transfer these
destinations into socio-economic hubs with a variety
of development in diverse areas by availing additional
developable area allowed by the concerned authorities.
and delivery, so as to smoothen the process of moving in
by prospective buyers. As a result, “Anant Raj Estate”,
Company’s flagship residential township in Sector 63A,
near Golf Course Extension Road, Gurugram, is witnessing
increase in demand mainly due to shift in thought process
where customers prefer ready to move in flats/floors/villas/
developed plots in well planned societies and integrated
townships. Haryana Government has allowed higher FAR
resulting in extra Floor space in each residential building.
This has made the flats more affordable.
The Company has fully paid additional land parcels
adjoining to Anant Raj Estate in Sector 63A, Gurugram
Haryana, on which it has applied for two licenses to develop
the residential projects i.e. Deen Dayal Jan Awas Yojna on
20.14 acres of land and Group Housing Project on 5.43
acres of land. The initial approvals for these two projects
has already been received and company is planning to start
monetization of these land parcels in Q1 of the FY-23 for
Deen Dayal Jan Awas Yojna and in Q4 of the FY-23 for
Group Housing Project.
Govt. of India’s insistence for placing Data of Banks/
Companies/Government offices in Data Centers located in
India has resulted into spurt in demand for Data Centers in
India and this has come as a boon to the Company because
the Company has 5.50 million sq. ft. of ready space in the
buildings already constructed and the available space will
be converted in to Data Centers. These buildings require
enhancing of security cover and installing power back-ups
besides strengthening of the structure to convert the ready
buildings into Data Centers. Initially, the Company has
commenced the development of Phase-1 Hyper-Scale Data
Center at its ready IT building at IMT, Manesar, Gurugram,
Haryana through its wholly owned subsidiary Anant Raj
Cloud Pvt. Ltd.
The Company’s Wholly Owned Subsidiary, Anant Raj Cloud
Pvt. Ltd., has already received TIA-942 Rated 3 Certificate
from the Telecommunications Industry Association (TIA).
Anant Raj Cloud Pvt. Ltd. will execute the O&M of the Data
Center. Our Project is third project and the largest in North
India to have this Certificate.
Affordable housing is another segment of the company
which is a growing market. After successfully completing
and delivering 2,600 affordable units in Neemrana,
Rajasthan (Anant Raj Aashray), under affordable housing the Company has commenced its second project “Anant Raj
Aashray II” in Tirupati, Andhra Pradesh for construction &
Development of approx. 2,000 affordable units. The company
is also in process to commence another Housing project in
Sector 36A, Gurugram jointly with Adani Realty.
The Company also holds prime land in Delhi and these
land parcels are poised for massive expansions due to
recent changes in development norms for residential and
commercial spaces in coming year.
A segment wise operational brief is given below:
a) Residential:
The Company’s primary focus is on the development
of the Company’s prime integrated residential and
commercial development project viz. Anant Raj Estate
at Sector 63A, in South Gurugram. Total land owned
by the Company is approximately 175 acres in Sector
63A with a development potential of 7 million sq.
ft. The Company has planned to acquire additional
land in Sector 63A, Gurugram, to expand the existing
township in coming times.
The project is titled as “Anant Raj Estate” and
it comprises construction and development of
luxury Villas, Plots, Residential flats, Independent
floors and a Commercial complex. The Company is
receiving positive response from prospective buyers.
This project alone is expected to add total value
of ` 6,000 crores to the Company’s total revenues
which includes revenues from Joint Venture with
Birla Estates Private Limited. Anant Raj Estate is
one of the ambitious project of the Company, which
has received one of the fastest partial completion
certificates for around 70% of the total area.
The Company recently got approval for development
of another residential colony under Deen Dayal Jan
Awas Yojna (DDJAY) on 20.14 acres of fully paid
& owned land. This new ambitious project will add
more than ` 750 crores of inventory in the form of
residential & commercial plots. These plots are small
in size & affordable for mid segment buyers and are in
great demand. The Company is expecting to monetize
this inventory in next 18 months to 24 months.
The Company has also got approval for development
of Group Housing project on approx. 5.43 acres of
land at Sector 63A Gurugram, Haryana in addition to
company’s entitlement to get Floor Index Ratio (FAR)
of approx. 1 million sq. ft. on land being part of the
planned roads of Sector 63A, Gurugram. The Group
Housing Project will be having approx. 1.00 million
sq. ft. of saleable area and it is proposed to launch GH Project in Q4 of FY 23. The Company is expecting
revenues of more than ` 1,500 crores from this project
within a span of four years.
• JOINT VENTURE WITH BIRLA ESTATES
PRIVATE LIMITED
The Company has formed a joint venture LLP called
“Avarna Projects LLP” (JV) (50:50 Limited Liability
Partnership) with Birla Estates Private Limited for
the development of a residential complex at Sector
63A Gurugram, Haryana. The project envisages
development of 764 luxury floors built on 191 plots,
in part of our integrated township Anantraj Estate,
Sector-63A, Gurugram. The expected revenues of
LLP would be ` 2,350 crores over a period of 3
years. Tremendous response has been received and
100% of the inventory of 1st phase has been sold out,
amounting to ` 624.00 crores. Phase II of Project
“Navaya” will be launched in Q1 of FY 23 for which
RERA registration is already obtained.
• Affordable Housing Projects
Anant Raj is one of the pioneers in delivering affordable
homes, which is in line with Hon’ble Prime Minister’s
vision of “Housing for all”.
The Company on account of its expertise in
affordable homes has recently bagged a project from
APIIC (Andhra Pradesh Industrial Infrastructure
Corporation) to develop & construct 2,000 affordable
homes in the holy city of Tirupati (Andhra Pradesh).
The project is spread over an area of 10.14 acres in an
industrial colony developed by APIIC. The Construction
of project will commence in Q1 of FY2022-23, with a
completion target by FY2025-26. The company plans
to develop 2BHK units with a targeted sale price of
` 12-15 lakhs only per unit.
In the past, the Company has successfully delivered
2600 affordable homes in the State of Rajasthan in an
industrial colony developed by RIICO (Rajasthan State
Industrial Development and Investment Corporation)
in Neemrana, Rajasthan.
b) Commercial
(i) IT Park, Manesar, Gurugram
The Company has completed its IT Park situated
at Manesar, Haryana which is operational and
generating revenues. This location being nearer to
Gurugram, is coming up as a major Silicon hub.
Proposed connectivity to Manesar by Metro rail
services will make it into one of the prominent
locations. UID and NXTRA (Airtel Data Center)
Data Centers have already come up in the vicinity
of our IT Park Total developed area is around 1.8 million square
feet on 10 acres of land area against which
leasable area is 1.2 million sq. feet including
40,000 sq. feet of retail space. The Company has
all the necessary approvals such as Environment
Clearance, Fire Certificate, CC and other HSIIDC
regulatory approvals for the building. Based on
this, TIA approval for Rated 3 has been obtained
for setting up a 21 MW Data Center at the facility.
The Company has already commenced work
for setting up of the Data Center and 3 MW
is poised to be operational within Q2 of FY
2022-23 out of proposed Data Center of 21 MW
capacity, expandable upto 50 MW. The projected
annual rental revenue will be more than ` 200
crores at capacity of 21 MW. The Company
is also planning to get a MeitY empanelment
(accreditation) and get listed in a Government
Cloud Services Directory.
(ii) IT Park, Panchkula, Haryana
The Company is developing an IT Park with
space of 1.6 million sq. feet on land area of 9.23
acres through its subsidiary Company, Rolling
Construction Private Limited. As against this,
leasable area would be around 1.1 million square
feet. In Phase-I, the company has developed &
constructed an area of 6 lakhs sq. feet, which is
leased to reputed commercial clients including
first Call Center of Amazon in North India.
Now, to achieve maximum benefit from the
available space in the building, the Company
has plans to develop Tier III Data Center by
providing security support, power back-up and
strengthening of the structure. Besides this,
additional 5.25 acres of land is available for
development into a green field project with FSI
of 0.6 million sq. feet for a Data Center having
40 MW capacity.
(iii) IT SEZ RAI, Sonepat, Haryana
Total developable area in Rai building is 5.10
million sq. feet on 25 acres of the land allotted
to it by HSIIDC (Haryana State Industrial and
Infrastructure Development Corporation).
The Company has completed construction &
development of phase-1 of IT SEZ Project
comprising 2.1 million square feet, against which
1.4 million sq. feet is leasable. The Company is
also planning to develop a Tier III Data Center in
existing building and a Tier IV Data Center with
100 MW Load capacity on 15 acres of land as a green field project. Power supply from two grids is
available presently to cater the additional power
requirement of the data Center.
(iv) Office Building
The Company, through its associate Company
has developed an Office Building at Sector 44,
Gurugram, Haryana. Total developed area on
8,400 sq. mts. land is 2,10,000 sq. ft. The building
is fully leased out to various tenants.
c) Warehousing Project
The Company is planning to develop fully paid
free hold land parcels in Delhi & Haryana, as
Warehousing projects, within a span of five years.
The development of Warehousing projects will
be based on international standards and modern
age requirement.
d) Hospitality
The Company is conscious of the increasing demand
for Hospitality and Convention facilities in the
National Capital and has decided to develop sizeable
portfolio of its Hotel and Hospitality land parcels in
New Delhi. The Company intends to develop these
Projects for mixed land use development to provide
to the community Hotel, Hospitality, Convention and
Commercial facilities at multiple locations in New
Delhi. The Company’s hotel projects are situated in
premium Hospitality, Banquet and Convention districts
of New Delhi admeasuring individually from 5 to 7.5
acres. Some of these projects such as Hotel Stellar,
Hotel Bel-LA monde are presently being operated by
Third party operators on long term leases.
As per the current policy guidelines, developable area
has been enhanced for these properties by almost 10
times. The Company has proposed to transfer these
destinations into socio-economic hubs with a variety
of development in diverse areas by availing additional
developable area allowed by the concerned authorities.
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