Real estate consultancy firm Anarock Property Consultants today said it has completed the acquisition of Bengaluru-based Redwoods, which will enable the company augment its operations across key southern markets.
Former Chairman and Country Head of JLL Anuj Puri-led Anarock has acquired Redwoods, the Indian arm of LJ Hooker, along with its employees, the company said in a statement issued here.
"The acquisition of LJ Hooker's Redwoods is in line to our overall business strategy and will help us augment our operations across key southern markets. It will give us unparallelled competitive advantage in offering customised real
estate solutions," Puri said.
He further said with Redwoods' presence and unique multi-pronged approach, Anarock is decoding unmatched value for both B2B and B2C clients.
Anarock, which launched its operations in June this year, is offering integrated solutions through a hybrid model of online and offline convergence and is well on its way to cross Rs 100 crores of revenues for 2017 calendar year.
"The firm has aggressive plans to achieve Rs 250 crore of revenues in 2018," the company said.
With a growing team of over 750 professionals, Anarock aims to cross 1000 in employee strength by the end of 2017.
The company currently operates in all key property markets across India - Mumbai, Chennai, Bangalore, Gurgaon, Noida, Hyderabad, Kolkata and Pune, with an international presence in Dubai.
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