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India digs deep Down Under

2017/2018, October 2017, COUNTRY FOCUS/Australia
Tech solutions, real estate and food production – India’s interest in Australia encompasses a wide array of sectors.

ANAROCK buys Indian arm of Aussie firm

ANAROCK Property Consultants Pvt Ltd, the real estate venture floated by former JLL India chief Anuj Puri, has acquired the local operations of Australian realty broking firm LJ Hooker under the Redwoods brand.

ANAROCK chairman Puri said in a statement: “The acquisition of LJ Hooker’s Redwoods is in line with our overall business strategy and will help us augment our operations across key southern markets.”

Bangalore-based Redwoods Projects Pvt Ltd will provide ANAROCK a competitive advantage in offering customised real estate solutions.

The company has 750 employees and aims to ramp up the headcount to 1,000 by the end of 2017. It operates in all key property markets across India, including Mumbai, Chennai, Bangalore, Gurgaon, Noida, Hyderabad, Kolkata and Pune and also has a presence in Dubai.

It provides broking and advisory services to clients, investment services, debt, equity and mezzanine funding, and research and consulting for residential real estate through a hybrid online-offline model.