ANAROCK Forays Into Commercial Real Estate Dealings
New Delhi: ANAROCK Property Consultants today announced its entry in commercial real estate segment and will deal exclusively in strata sale office assets.
ANAROCK Commercial has secured mandate marketing of 3 million square feet of office space in Delhi NCR and Mumbai. It aims to acquire 10 percent market share in 1st year of its operations.
The company is also eyeing vast opportunities that exist in office real estate business. There are about Rs 2.5 lakh crore worth of Grade A office space which is under construction in the top seven cities of the country that are likely o to be completed in the next 4 years. Around 25 percent of this will be up for strata sale.
Bappaditya Basu has been appointed as Chief Business Officer - ANAROCK Commercial.
“ANAROCK Commercial was a part of our expansion plan, and its launch is a natural next step after our resounding success in the residential sales market, where we have already captured a 10% market share with over 300 successfully marketed residential project mandates.” Said Anuj Puri, Chairman - ANAROCK Group.