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Thu 28 Feb 2019 02:00 PM

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India's Anarock wins deals to market properties across Gulf

Property consultants announce the successful closure of 300 exclusive mandates to market residential projects in India, Gulf region

India's Anarock wins deals to market properties across Gulf
Anuj Puri, chairman, Anarock.

Anarock, India-based property consultants and research firm, has announced the successful closure of 300 exclusive mandates to market residential projects across India and in the Gulf.

The cumulative market value of the inventory sold to date by Anarock exceeds $3.09 billion.

“The market value of the overall mandated inventory we have sold since our launch in 2017 exceeds $3.09 billion across 300 residential projects in various cities in India and some of the countries in the Gulf region, including the UAE,” said Anuj Puri, chairman, Anarock.

Anarock has partnered with more than 150 top developers across 13 Indian cities and in the Gulf, he said.

Of the total number of residential units, Anarock has sold about 11,000 residential units, with a combined value of $1.4 billion in financial year 2018-19, showing a pick-up in the realty market in both India and select Gulf countries.

The company said it currently sells housing inventory at a rate of 1,000 apartments or about 1 million sq ft. per month.

The cities which have yieded the highest and fastest closure of projects mandated exclusively to Anarock are Mumbai, Bangalore, Pune, Chennai and the National Capital Region (NCR-Delhi).

“This success rate, unprecedented in the currently subdued residential real estate market, is the result of our proprietary technology, coupled with immediate expert offline support,” Puri said.