ANAROCK Commercial Launched to Tap INR 63,000 Cr Office Strata Sale Market

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To focus on sales of office assets to corporates, HNI investors & end-users
INR 2.5 Lakh Cr worth of Grade A office space under construction in top 7 cities to be completed over the next 4 years; 25% (worth INR 63,000 Cr) up for strata sale
ANAROCK Commercial already secures mandate marketing of 3 mn sq. ft. of office space in NCR & MMR; to capture 10% market share in 1st year of its operations
Anuj Puri, Chairman - ANAROCK Group, says, "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. We have fine-tuned our proprietary in-house technology and digital platform to extend seamlessly into the office strata sale market. Our expansion into office real estate is a direct response to our customers' express request for such options. ANAROCK Commercial will assist businesses and investors in making the ultimate profitability move of owning office spaces outright."

"By 2019-end, under-construction Grade A office real estate in the top 7 cities was worth more than INR 2.5 lakh Cr," says Bappaditya Basu. "25% of this stock (worth over INR 63,000 Cr) is available for strata sale. This accounts only for under-construction office spaces - there are also completed and occupied office space owned by investors to consider. For this vertical, we are largely associating with our existing developer clients who have repeatedly asked us to enhance our services beyond residential to sell and market some of their office assets."

Some office project developers now list between 25-40% of their office supply for strata sales to maintain cash flows for expansion and efficiently consolidate their businesses."

About ANAROCK:
Please visit www.anarock.com
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