Anuj Puri, Chairman – ANAROCK, said, the investment will go a considerable way in keeping ANAROCK at the forefront of the industry by fuelling further innovation and growth.
MUMBAI, Feb 7 (The CONNECT) – Independent real estate consultancy ANAROCK has raised over ~INR 200 Cr (USD 25 Mn) from 360 ONE Asset Management.
The asset management firm, earlier known as IIFL Asset Management -360 ONE Asset, is one of India’s largest alternate asset managers and part of the 360 ONE group, a wealth and alternates-focused institution with more than USD 54 Bn assets under management.
Anuj Puri, Chairman – ANAROCK, said, the investment will go a considerable way in keeping ANAROCK at the forefront of the industry by fuelling further innovation and growth.
“This is by far the most opportune time to expand our reach and services,” said Puri. “The Indian real estate sector is expected to account for 10-13% of India’s GDP by 2025, from its existing share of 7%. We project strong and sustained growth for the industry over the next decade, with its potential market value surpassing USD 1 Tn by 2030. ANAROCK will lead the market with upgraded AI/ML technologies to accelerate our developer clients’ residential inventory sales.”
Sameer Nath, Chief Investment Officer and Head of Venture Capital & Private Equity at 360 ONE Asset, said, “We are delighted to be ANAROCK’s first equity investor. In ANAROCK, we observe a top-class management team, premier marketing and advisory capabilities and a clear leader in India’s large and growing real estate services sector. We have also been impressed by the tech infrastructure and innovative platforms being built by the company. We look forward to partnering with Anuj, Rohin and the entire ANAROCK team in the next phase of their exciting growth journey.”
Founded in 2017 by Anuj Puri, former Chairman and Country Head of one of India’s prominent international real estate consultants, and Rohin Shah – Managing Director of UK-based Marylebone Asset Management, ANAROCK has become the leading independent real estate consultancy in India and the Middle East. ANAROCK provides industry-defining technology-driven solutions.
