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Anant Raj Developers to take up big ventures in NCR

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As per to the latest buzz in the Indian realty sector Anant Raj Developers, one of the striking names in the Indian real estate segment has proposed to invest Rs. 43 Billion to undertake the development of prime properties in north India in the coming couple of years.
The available source with the www.propertykhazana.com says that the company is planning to undertake the development of four SEZs, two service apartments and an IT park in major north Indian cities to reach its target of Rs. 20 million rental earnings by 2010. The 4 proposed SEZ’s will range between 25-108 acres with the investment of Rs. 38 billion.
Anant Raj Developers are in search for a venture partner for the development of IT Park and if the revealed source with the www.propertykhazana.com is believed then ARD has finalized the deal with America origin PE Fund player, Monsoon Capital. The upcoming SEZ venture is coming up at Panchkula along with two service flats with 260 units in New Delhi.
When asked about the funds, in a verbal communication with the www.propertykhazana.com said the senior executive of ARD that, Company is planning to fund the proposed ventures through overseas accretions, JVs and bank loans.
Source: NBTVLIVE

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