Anant Raj shares touch 52-week high on start of 2 new projects

The company is going announce its September quarter earnings on October 21.

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Shares of Anant Raj saw a 2 percent rise, reaching a new 52-week high of Rs 244 during early trading on October 16. This surge followed the company’s initiation of two new projects, indicating positive developments within the organisation that contributed to investor confidence and a rise in share value.

The company is embarking on a new project called “Anant Raj Centre,” situated in Mehrauli (South Delhi), New Delhi. This development includes a sizable developable area of about 700,000 square feet, housing a blend of office space, hospitality, and serviced apartments.

For this project, the company got all the approvals for commencement of construction of the project including registration from the Real Estate Regulatory Authority, (RERA) NCT of Delhi.

The RERA registration certificate has been granted for the project.

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The company through its wholly-owned step-down subsidiary, Jai Govinda Ghar Nirman Limited, is commencing an affordable housing project namely “Anant Raj Aashray-11” located in Electronic Manufacturing Cluster 2 (EMC 2), Tirupati, Andhra Pradesh, developed by The Andhra Pradesh Industrial Infrastructure Corporation (APIIC).

The project has a saleable area of approximately 10,00,000 square feet for development of the affordable housing.

For this Project, the company got all approvals for the commencement of construction and selling the project including registration from the RERA Andhra Pradesh.

The company is going announce its September quarter earnings on October 21.

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