homereal estate NewsAnarock’s expansion plan: Setting up office brokerage platform with ₹200 crore investment
Anarock’s expansion plan: Setting up office brokerage platform with ₹200 crore investment
Puri outlined the strategic allocation of the funds, focusing on establishing an office brokerage platform to cater to the growing demand for commercial office spaces driven by the rapid expansion of Indian startups.
Real estate consultancy firm Anarock has raised about ₹200 crore from 360 One Asset Management Limited, earlier known as IIFL Asset Management. This investment will enable Anarock enhance its tech infrastructure, accelerate its expansion, and introduce new innovations.
Anuj Puri, Chairman & Founder of Anarock, shared his insights with CNBC-TV18, highlighting the robust performance of the Indian real estate sector.
Puri expressed optimism about the sector's growth potential, citing its transition from a $350 billion to a trillion-dollar industry. He emphasised the need for additional resources to capitalise on emerging opportunities, particularly in acquisitions within the property technology segment and expanding their service offerings.
Puri outlined the strategic allocation of the funds, focusing on establishing an office brokerage platform to cater to the growing demand for commercial office spaces driven by the rapid expansion of Indian startups. Additionally, he emphasised the infusion of technology to modernise the brokerage services for offices, aligning with the evolving needs of clients.
Read Here | Mumbai Metropolitan Region real estate market continues booming in the fourth quarter of 2023
The decision to partner with 360 One was influenced by their understanding of the services business and their confidence in the Indian economy's growth trajectory.
Puri noted the potential synergy between Anarock's expertise and 360 One's insights, foreseeing a mutually beneficial collaboration to further enhance Anarock's capabilities and broaden its service portfolio.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Lok Sabha Election 2024 — how regional parties are challenging national giants in Phase-4
May 15, 2024 6:17 AM
Supreme Court refuses plea seeking 6-year poll ban on PM
May 14, 2024 7:14 PM
Punjab Lok Sabha elections 2024: A look at BJP candidates
May 14, 2024 7:06 PM
Lok Sabha polls: EC disposes of 90% complaints related to MCC violations
May 14, 2024 4:45 PM