Anant Raj Limited forms Joint Venture with Birla Estates Private Limited

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The project aims to develop two new residential projects at Gurugram, Haryana 

New Delhi, July 22, 2019: Anant Raj Group, the Delhi-NCR based real estate developers has formed a joint venture with Birla Estates Private Limited, a part of Aditya Birla Group to develop 3.5 million square feet of Residential projects on Extended Golf Course Road, Sector 63A, Gurugram.

Anant Raj Group is developing an Integrated plotted Colony and Group housing spreading over 160 acres know as “Anant Raj Estate”. The company has formed a 50:50 Joint Venture partnership with Birla Estates Private Ltd. under a SPV “Avarna Projects” to jointly develop 70 acres of land with a development potential of 3.5 million sq.ft. The development will consist of both – low rise and high rise structures along with a 0.2 million sq.ft. state-of-the-art club facility and other relevant infrastructure.

Anant Raj has already developed Luxury Villas and Luxury Floors as a part of the project and also handed over possession to its customers.

On the announcement of this venture, Mr. Amit Sarin- Director said, “Partnering with the highly reputed brand of Birla will certainly enhance the overall development of the colony and especially the new project in the JV.  With the history and legacy of both the brands, this partnership will only help in the overall development of the real estate segment and in turn lead to an increase in the occupancy rates. The company is really ecstatic and feels very privileged to partner with such a reputed and trustworthy brand.”

Anant Raj Group has been a prominent NCR developer since 1969 with an impressive portfolio of projects spread across all verticals – Residential, IT Parks, Affordable Housing, Infrastructure, Hospitality, Commercial complexes and Malls.

Corporate Comm India (CCI Newswire)