Anarock Property Consultants acquires Redwoods from Australian realty firm LJ Hooker

Anarock Property Consultants today announced that it has acquired Bangalore-based Redwoods, the Indian arm of Australian realty firm LJ Hooker. As the part of this acquisition, Anarock will be absorbing all the Redwoods employees.

Redwoods, which was founded in 2006, provides customized real estate solutions to clients. The company also offers services pertaining to fund management, deal structuring, fund syndication, joint developments and unique transactions.

“The acquisition of LJ Hooker’s Redwoods is in line to our overall business strategy and will help us augment our operations across key southern markets. It will give us unparalleled competitive advantage in offering customized real estate solutions. With its strong presence and unique multi-pronged approach, ANAROCK is decoding unmatched value for both B2B and B2C clients,” said Anuj Puri, Chairman – Anarock Property Consultants.

Anarock Property Consultants had launched its operations under its flagship brand name of Anarock in June 2017. The company currently operates in all key property markets across India – Mumbai, Chennai, Bangalore, Gurgaon, Noida, Hyderabad, Kolkata and Pune, with an international presence in Dubai.

Anarock is already redefining the residential real estate services sector in India by offering integrated solutions through a hybrid model of online and offline convergence. The company has a growing team of over 750 professionals and further aims to cross 1000 in employee strength by the end of 2017.

The real estate firm is well on its way to cross Rs.100 crores of revenues for 2017 calendar year with plans to increase revenues to Rs 250 crore in 2018.

Earlier in June this year, Puri also announced the launch of the company’s real estate investment and fund platform with plans to invest Rs300 crore in residential real estate projects.

 

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