Anant Raj Industries is out to make the best of the opportunities in the housing space. The company in fact made quite a comeback in 2011 with five projects of which three have already been launched. Yesterday, Anant Raj announced the launch of its township project, namely the Anant Raj Estate at Sector 63A, Gurgaon.
The stock has reacted, rebounding back to above Rs 60 levels from its lows of Rs 36 in December. CNBC-TV18 catches up with the director and chief executive officer of the company, Amit Sarin, to get details of the developments with the company and the way forward.
Sarin says that phase I of the new project is spread over 100 acres of land.