ANAROCK launches ANAROCK Retail
India’s leading independent real estate services firm ANAROCK Property Consultants yesterday announced the official launch of ANAROCK Retail, a new firm dedicated to tapping into India’s $700 bn. retail market via its expert retail consultancy services. The new firm is the result of a partnership between ANAROCK and Faithlane Property Consultants, headed by retail realty veteran Anuj Kejriwal who joins as CEO & MD – ANAROCK Retail.
“ANAROCK’s entry into the retail real estate domain was really only a matter of time,” says Anuj Puri, Chairman – ANAROCK Property Consultants. Mr. Puri is himself an acknowledged retail real estate expert who, in addition to his previous role as Chairman of a leading IPC in India, was also Chairman of its Global Retail Leasing Board. “We have a deep market reach in this domain, and the launch of ANAROCK Retail is aptly-timed. Despite the multitude of firms active in the retail real estate arena, the disconnect between retailers and the spaces they need has never been wider. Many mall owners have been unable to align their products and strategies to the new retail environment. With its team of highly knowledgeable market experts, Anuj Kejriwal’s Faithlane had successfully bridged the retail gap. By joining its resources to ANAROCK’s highly tech-enabled property consultancy services, we have created the ‘perfect match’.”
The ANAROCK Retail team has extensive collective experience in achieving such targets for the most prominent domestic and global retailers and mall owners, and several leading brands are already on board as clients.
ANAROCK Retail has aligned the new business with the Firm’s first-in-industry business models to dovetail with the overall operations and consequently deliver a unique bouquet of services to its retail clients. The new retail division will be active across ANAROCK’s 10 Indian city offices and internationally in Dubai and will grow in tandem with the Firm’s expansion into new territories.