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Anarock lifts Rs. 200 Crore Funding from Top Asset Manager of India

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A leading Indian real estate services company, Anarock has publicized an investment of Rs. 200 Crore from 360 ONE Asset Management (formerly known as IIFL Asset Management) - part of the 360 ONE group & one of the largest alternate asset managers of India, a wealth & alternates-focused institution managing more than $54 billion assets. This productive investment will facilitate the company Anarock to develop its tech infrastructure, speed up its extension & initiate new innovations to strengthen its leadership rank in the real estate services space of India.

Speaking on to this, Anuj Puri, chairman, Anarock, says, “This investment will go a considerable way in keeping us at the forefront of the industry by fueling further innovation and growth. The capital has been earmarked for faster business expansion and fine-tuning our proprietary proptech platforms, which have proved to be game changers for our real estate marketing capabilities. We will continue to explore new high-growth business opportunities. 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 Trillion by 2030.”

Similarly, Rohin Shah, director & Co-Founder, Anarock says, “Our partnership with 360 ONE Asset is the result of months of strategic planning, as we were seeking a partner who shares our commitment and passion for innovation in the real estate consulting and technology space”.

In the same way, Sameer Nath, Chief investment officer & head of venture capital & private equity, 360 ONE Asset expresses, “We have also been impressed by the tech infrastructure and innovative platforms being built by the company”.