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