Anant Raj Updates Collaboration Agreement with Destination Properties for Gurugram Group Housing Project; Shifts to Revenue-Sharing Model
Partnership Agreement Restructured
Anant Raj Limited entered into a supplementary agreement with Destination Properties Private Limited on April 9, 2026, modifying the terms of their existing collaboration for developing a residential group housing project in Gurugram, Haryana.
Shift from Area-Based to Revenue-Sharing Model
The key modification involves changing the compensation structure from area-based allocation to a revenue-sharing model where the partner will receive 17.69% of total project revenue. The project spans 5.09 acres with periodic revenue sharing through RERA-compliant mechanisms.
Destination Properties Private Limited contributes 2.25 acres to this development, while Anant Raj Limited retains exclusive development, marketing, and sales rights for the entire project.
Revenue Sharing and Cost Management Framework
Revenue sharing will occur on a periodic basis from project collections through RERA-compliant mechanisms, with provision for post-completion reconciliation and sharing of unsold inventory. A reimbursement arrangement has been established where Destination Properties Private Limited will cover costs incurred by the company for purchasing Transferable Development Rights (TDR).
Regulatory Status and Transparency
The company confirmed that this transaction does not constitute a related party transaction, as Destination Properties Private Limited is not related to the promoter, promoter group, or group companies. The agreement maintains arm's length transaction principles and does not involve any share issuance or loan arrangements between the parties.
Project development remains subject to applicable regulatory approvals including RERA registration and local development regulations.
About the Project Location
The project's proximity to Southern Peripheral Road (SPR), Golf Course Road, and NH-48 ensures excellent connectivity to Delhi, Faridabad, and other parts of NCR, with easy access to the Mumbai Expressway and Dwarka Expressway. Situated in Sector 63A on Golf Course Extension Road, the residential project is close to major business hubs, educational institutes, hospitals, and retail destinations.
Anant Raj's Development Track Record
Founded in 1969, Anant Raj Limited has been operating for over five decades. With 300+ acres of land and 21 million sq. ft. delivered, it stands for permanence, pride, and timeless credibility, having set standards long before Gurgaon's skyline emerged as an industry. The company is a well known real estate developer with over 55 years of experience having delivered over 30,000 projects across 8 cities.
The company has developed iconic projects like housing complexes in Rohini, East of Kailash, Sheikh Sarai and Asiad Village Complex. Anant Raj Limited has the trust of major government agencies like DDA, MES, CPWD, and today the company has a wide range of projects including residential townships, commercial developments, IT parks, malls and data centers.