Founded in 1969, Anant Raj Limited is one of India's most enduring real estate institutions — a company whose roots predate most of the markets it now operates in. Its journey began as a contractor for major government bodies including DDA, MES, PWD, and CPWD from 1969 to 1990, building the institutional track record that would underpin decades of private development. The company delivered nearly 30,000 homes across prominent locations such as Rohini, East of Kailash, Sheikh Sarai, Madangir, Katwaria Sarai, and the iconic Asiad Village. Today, Anant Raj Limited is engaged in development and construction of residential townships, group housings, commercial developments, information and technology parks, malls, office complexes, affordable housings, data centers, hospitality, and serviced apartments.
Tirupati represents a deliberate expansion beyond the company's North Indian heartland. Anant Raj launched Anant Raj Aashray II in Tirupati, Andhra Pradesh — its first affordable housing project outside NCR — in FY25. That distinction matters: a company that has spent five decades building scale in one geography does not move into a new state without a clear thesis about demand, infrastructure, and long-term growth.
The location logic for Anant Raj's Tirupati entry is specific. The project is located within the Electronic Manufacturing Cluster 2 (EMC 2), Tirupati, Andhra Pradesh, developed by the Andhra Pradesh Industrial Infrastructure Corporation (APIIC). This is not a peripheral residential site — it is housing positioned directly alongside one of the state's most significant industrial policy initiatives.
APIIC developed the Electronic Manufacturing Cluster Industrial Park in Tirupati to establish the city as a significant hub for electronics manufacturing, leveraging its strategic location and infrastructure. Situated near the Tirupati International Airport, the park offers excellent connectivity for logistics and trade operations, and its proximity to major cities like Chennai and Bengaluru enhances its appeal to investors. This industrial gravity — factories, warehousing, ancillary services — translates directly into a sustained base of salaried workers who need homes within reach of their workplace.
Yerpudu, the specific locality where Anant Raj Aashray II sits, has been consolidating its position as one of the city's growth corridors. The project is located opposite the Renigunta International Airport and is described as very close to both Tirupati International Airport and the Electronic Manufacturing Cluster II. Land prices in the area reflect that momentum: Yerpudu property prices have changed 100% over the last five years. The corridor also has academic infrastructure nearby, with listings in the area noting proximity to IIT Tirupati and IISER — institutions that add a further stratum of long-term residential demand from faculty, researchers, and support staff.
The project has a saleable area of approximately 10,00,000 square feet, developed as affordable housing. The residential development covers a total of 10.14 acres. The project involves construction and development of approximately 2,000 affordable units.
The unit configuration is built around the Tirupati buyer. Aashray II is an 8-floor apartment complex offering 2BHK units positioned a few minutes from Tirupati International Airport. Built-up area stands at 59.86 sq m (637.40 sq ft), with a carpet area of 43 sq m (462.84 sq ft). The company is selling affordable homes at a price below Rs 20 lakh per unit, targeting people working in the industrial units nearby.
The project has received all approvals for commencement of construction and sale, including RERA registration from the Real Estate Regulatory Authority, Andhra Pradesh, bearing registration number P10130304032. It is currently a new launch project and is expected to be delivered by June 2027.
The entity delivering the project is Jai Govinda Ghar Nirman Limited, a wholly-owned step-down subsidiary of Anant Raj Limited. Construction is active: Anant Raj commenced construction in Anant Raj Aashray II, Tirupati, Andhra Pradesh, as confirmed in the company's FY2025 annual report filed in June 2025.
Tirupati is not Anant Raj's first affordable housing experiment; it is the second iteration of a model that has already produced measurable outcomes. The original Anant Raj Aashray I, at Neemrana, Rajasthan, welcomed more than 2,500 families into their homes. The company completed that low-cost housing project at Neemrana in 2014 with 2,580 units. The Aashray II brand, therefore, carries a delivery record behind it — not merely a promise of affordability.
The Tirupati project replicates the core Aashray thesis: identify a city with a defined industrial workforce, locate housing within that workforce's commute radius, price units below the threshold that triggers meaningful loan EMIs for entry-level earners, and deliver at scale. Tirupati's EMC2, anchored by APIIC and backed by central policy under India's National Policy on Electronics, provides exactly that kind of structured, long-cycle demand pool.
Understanding where Tirupati sits within Anant Raj's overall portfolio helps a buyer assess the company's operational depth. The company holds 300-plus acres of land and has delivered 21 million sq ft across its projects. Beyond residential, Anant Raj follows a steadfast policy of not selling any of its commercial properties, and today holds almost 5 million sq ft of leasable space across prime Delhi and NCR locations.
The company has also been expanding its data centre business at scale. It operationalised a 6 MW IT load data centre at Manesar, with an additional 15 MW at Manesar and 7 MW at Panchkula on track for completion. In June 2026, Anant Raj signed an MoU with the Haryana government for a Rs 25,000 crore data centre and cloud services investment. These commercial and technology assets underwrite the financial stability from which affordable residential projects like Aashray II are funded and delivered.
Financially, the group reported a 38.88% increase in total operating income to Rs 2,059.97 crore in FY25, supported by higher real estate sales along with rental and other income. EBITDA margin improved by 136 basis points to 23.87% in FY25. For a buyer purchasing an affordable unit at sub-Rs 20 lakh, the developer's financial health is directly relevant to construction continuity and timely handover.