NewsAnant Raj: Company Updates Gurugram Housing Project Agreement With A New Revenue Sharing DealAnant Raj: Company Updates Gurugram Housing Project Agreement With A New Revenue Sharing Deal
Anant Raj Limited has updated its collaboration agreement with Destination Properties Private Limited for a residential group housing project in Gurugram, Haryana. 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.
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Anant Raj Limited has entered into a supplementary agreement with Destination Properties Private Limited, modifying the terms of their existing collaboration for developing a residential group housing project in Gurugram, Haryana. The company disclosed this development to stock exchanges on April 9, 2026, under Regulation 30 of SEBI Listing Regulations.
Project Details and Structure
The collaboration involves the development of a group housing project over an aggregated land parcel of approximately 5.09 acres. 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.
| Parameter: | Details |
|---|---|
| Total Project Area: | 5.09 acres |
| Land Contribution by Partner: | 2.25 acres |
| Project Type: | Group Housing Project |
| Location: | Gurugram, Haryana |
| Original Agreement Date: | November 26, 2021 |
Key Terms of the Modified Agreement
The supplementary agreement establishes a revenue-sharing model for project monetization with several important provisions. Revenue sharing will occur on a periodic basis from project collections through RERA-compliant mechanisms. The agreement includes provision for post-completion reconciliation and sharing of unsold inventory.
Additionally, a reimbursement arrangement has been established where Destination Properties Private Limited will cover costs incurred by the company for purchasing Transferable Development Rights (TDR). Project development remains subject to applicable regulatory approvals including RERA registration and local development regulations.
Significant Modification in Partnership Terms
The most notable change in the supplementary agreement relates to the compensation structure for Destination Properties Private Limited. Previously, the partner was entitled to receive a share of the developed area in the project in lieu of development rights. Under the modified arrangement, Destination Properties Private Limited will now be entitled to receive 17.69% of the total project revenue.
| Aspect: | Previous Terms | Modified Terms |
|---|---|---|
| Compensation Model: | Share of developed area | Revenue sharing |
| Partner's Entitlement: | Area-based allocation | 17.69% of total project revenue |
| Payment Structure: | Post-completion area transfer | Periodic revenue sharing |
Regulatory Compliance and Corporate Governance
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.
The disclosure was made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring full transparency with stakeholders and regulatory authorities.
Historical Stock Returns for Anant Raj
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.38% | +8.05% | +3.15% | -30.11% | +17.50% | +816.62% |
How will the shift from area-based to revenue-sharing compensation impact Anant Raj's profit margins and cash flow timeline for this project?
What regulatory hurdles might delay the RERA registration process, and how could this affect the project's launch schedule?
Could this revenue-sharing model become a template for Anant Raj's future land acquisition partnerships in the NCR region?
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