With a planned topline of over Rs 1,800 crore, Delhi-based listed developer Anant Raj Limited would build a premium group housing complex spanning over one million square feet on Golf Course Extension Road in Gurugram.
“The Estate Residences” is the name of the upcoming luxury property, for which the business has obtained RERA registration. It will be a portion of the 180-acre township that Anant Raj currently owns in Sector 63A along Golf Course Extension Road. With a 40,000-square-foot club, the project will have a saleable area of more than one million square feet.
The real estate company said that 248 opulent apartments housed in high-rise condominiums will be part of its newest luxury home development, which is situated in the Aravallis foothills. The 4BHK apartments in the project will have sizes between 3,700 and 4,800 square feet. The company stated that the project had a potential revenue of over Rs 1,800 crore.
The housing project, called “Anant Raj Estate,” would take up 5.43 acres of the company’s 180-acre integrated residential complex.
Aman Sarin, Director and CEO of Anant Raj Limited, stated, “This is our pinnacle luxury group housing among the multiple group housing projects planned in the next 18 months.”
In the same area, Anant Raj had previously introduced “Ashok Estate,” with 80–90% of the apartments selling out in the first 15 months after the opening. Anant Raj Estate, Sector-63A, Gurugram, is now home to over 200 households, and another 1,000–1,100 are presently being built.
Anant Raj Ltd. has revealed intentions to invest Rs 10,000 crore in its Data Center sector, with construction already beginning in Manesar, Rai, and Panchkula in Haryana. This is in addition to its residential endeavors.
Gurgaon’s real estate market has expanded significantly in recent years, drawing in both investors and purchasers. Gurgaon, one of the major financial and technical centers of India, has become a popular place to invest in real estate.
But with the cost of real estate in Gurgaon skyrocketing and the number of new projects rising, it’s unclear if this boom is sustainable or if the market is just going through a speculative bubble.
The real estate boom in Gurgaon may be ascribed to several variables, each of which is essential to the market’s expansion.
Infrastructural Development: With increased connectivity via expressways, roads, and metro networks, Gurgaon has seen impressive infrastructural development over the last ten years. Due to the improvements in accessibility and ease of commuting brought about by these initiatives, the city is becoming more appealing to both investors and homeowners.
A Prosperous Business Environment: Gurgaon’s standing as a major center for technology and business has drawn a sizable workforce looking for high-quality housing near their places of employment. The creation of residential buildings, which range from inexpensive apartments to opulent mansions, has been fueled by the need for accommodation.
3. The Millennial Factor: Gurgaon’s real estate market has witnessed a surge in demand for contemporary facilities and well-designed residences as a growing number of millennials join the workforce. Developers have responded to this need by providing living spaces that are focused on the community and smart houses.
4. Luxurious Living: Gurgaon has grown to be associated with luxurious living, thanks to several high-end developments that provide luxurious villas and top-notch facilities. NRIs and high-net-worth people have expressed a strong desire to purchase these unique houses.
