Anant Raj Industries has a good land bank acquired at a reasonable cost and, therefore, it can unlock significant value through its monetisation. The company is in the process of developing its 160 acre land at Gurgaon. This will be in the form of a township project (102 acre), group housing project (43 acre) and commercial projects (15 acre).
The initial response to the township project— Anant Raj Estate, which was launched on 19 January—is positive and, so far, the company has seen bookings worth Rs.500 crore. Anant Raj Industries' presence across asset classes enables multiple revenue streams and helps it to achieve a relatively healthy liquidity.