On behalf of Anant Raj Group, our team and us would like to take this
opportunity to thank each and every one of you for the faith that you
have reposed in the company. We also formally welcome you to Anant Raj
Now it is our pleasure to present to you the Annual Report of Anant Raj
Limited for the financial year 2012-13. This is the 28th Annual Report
of our Company since its incorporation in 1985. We are very pleased to
announce that for this fiscal our total revenue amounted to Rs. 5.78
Billion and our net profit was Rs. 1.07 Billion. We have registered a
growth of 26% in revenues. This makes us one of the largest real estate
companies in the Delhi NCR Region.
It also takes us immense pleasure to inform you that the time has come
for us to reap the benefits for which the seeds were sown long back;
now is the time for income realization. The phase of expenditures,
buying land banks are all over now. The financial debt situation is
under control of the company. The debt is at Rs. 1480 Crores against
the net worth of the Company, which is about Rs. 3900 Crores. So, we
are very comfortable on the debt situation.
Our initial focus on creating commercial properties has been our
biggest and constant income earner We lease our commercial properties
and obtain steady cash flows. The present lease income is Rs. 90 crores
(approx) per annum while a full occupancy rental yield will be in the
range of Rs. 250 to 300 crores per annum.
Our land banks are fully paid which is of around 1100 acres in the
prime locations of Delhi and NCR regions. Only in Delhi, we have 430
acres fully paid land bank while the balance land is within 50 km
radius of Delhi. The cost at which we had purchased these lands was
very less than the market rate and hence this has come to our
At Anant Raj, we came back into residential in a big way about two
years back after a gap of two decades. This decision of ours has turn
out to be fruitful. Our current developments include our largest
residential township project - Anant Raj Estate, Group Housing Projects
- Madelia and Maceo in Gurgaon and the affordable housing project -
Anant Raj Ashray in Neemrana, Rajasthan.
Because of the success of our commercial projects, being a local
player, with our reputation built over the years, being a forward
looking and transparent organization; we were already popular in the
real estate market and hence our projects garnered a huge success even
before its official launch.
Anant Raj Estate, spread over 160 acres in Sector 63A on the golf
course extension road, is an international standard gated community
comprising of plots, villas, floor and high-rise group housing. The
target completion of township is 3 to 5 years and we are expecting
revenue of approx. Rs. 59,000 million. All the statutory approvals are
in place and we will be launching commercial soon as well.
Our group housing project Madelia, located in M1A-Manesar is completely
sold out and the project realization is Rs. 5000 Million. Also, the
sector 91-Gurgaon group housing project, Maceo, is 75% sold out and the
project realization is worth Rs. 6000 million. Both these projects will
be completed by March 2015.
We are also doing our bit to help the society by developing our dream
residential project, Anant Raj Aashray in Neemrana, Rajasthan. Here we
are developing 2600 affordable housing units for the lower middle class
of the society. We are also proud to announce that we are the fastest
developer in that region to provide the quickest possession to its
Talking about the macro situation, India has gone through a difficult
last year and numerous challenges both in the global economic outlook
and India''s own economic situation persist. Nevertheless, given India''s
and especially Delhi and NCR''s demographics, potential, and trajectory,
we firmly believe that the decade ahead will be one of tremendous
We would like to thank all the many employees who have contributed to
Anant Raj Limited''s successful performance in FY13. We would also like
to thank our business partners, vendors, and other business associates.
Finally, we would like to thank all our shareholders for their
encouragement and support.
Ashok Sarin Anil Sarin
Chairman Managing Director