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Tag: Anarock.

  • Devi Shankar bids farewell to Anarock after building India’s data-centre juggernaut

    Devi Shankar bids farewell to Anarock after building India’s data-centre juggernaut

    MUMBAI: Five years, $2.7bn in closed deals, and two of India’s largest data-centre platforms later, Devi Shankar is leaving Anarock.

    The managing director of investment banking built the firm’s data-centre business from nothing into a powerhouse. Her crowning achievements: EverYondr ($1 bIllion) and Colt-RMZ ($1.7 billion), two landmark transactions that helped establish India as a serious player in digital infrastructure. Advising global investors and private-equity funds on market entry became her signature move.

    “This wasn’t just a job; it was home,” Shankar wrote in her farewell message, referencing her early-morning arrivals and her notorious “Devi Standard Time” departures to beat Mumbai’s traffic. She gave special thanks to Ankita Sahu, whom she described as her “backbone for the last five years”.

    The move caps a 20-year career spanning KPMG, Deloitte, Jones Lang LaSalle and Ask Property Fund. Shankar’s expertise in structuring complex transactions—from introductions through to commercial negotiations, term sheets and due diligence—has made her one of India’s most respected dealmakers in alternative real estate.

    Alongside her corporate work, Shankar has been pursuing a parallel venture since January 2023: Irea Life, a private fashion label where she serves as creative lead and business adviser. The brand focuses on AI-driven solutions for customer experience and marketing automation.

    Shankar hinted that an announcement about her next move is imminent, though she declined to share details. Industry watchers will be watching closely to see where one of India’s leading investment bankers lands next.

  • Raj Kumar Singh takes charge as senior executive director at Anarock Mumbai

    Raj Kumar Singh takes charge as senior executive director at Anarock Mumbai

    MUMBAI: Raj Kumar Singh, a seasoned real estate professional, has been appointed senior executive director – residential sales at Anarock, Mumbai. With over 23 years in the industry, Singh has played a pivotal role in shaping India’s luxury residential segment.

    Singh began his career at Chesterton Meghraj, Tramell Crow Co, and JLL, where he built high-performing teams, drove revenue growth, and managed marquee clients including the Adani Group and Mariwala family. At JLL, he led Mumbai’s residential services and became senior vice president, overseeing large teams and revenue targets.

    Joining Anarock in 2016 alongside Anuj Puri, Singh helped establish the firm as a premier real estate advisory. As regional director for Mumbai, he spearheaded revenue planning, digital marketing initiatives, CRM integration, and innovative tech adoption, consistently delivering market-leading performance.

    A recognised thought leader, Singh has authored industry articles, appeared on television panels, and participated in prominent property expos. His academic credentials include a postgraduate degree from Welingkar Institute and leadership training at IIM Ahmedabad.

    Singh’s appointment reflects Anarock’s ambition to strengthen its luxury residential portfolio in Mumbai while championing operational excellence, sustainable growth, and customer-centric innovation.
     

  • Anuj Puri rebrands JLL’s residential brokerage biz

    MUMBAI: Anuj Puri, former chairman & country head of international property consultancy JLL India, has announced the launch of Anarock Property Consultants, essentially rebranding JLL’s erstwhile residential brokerage business which he acquired earlier this year. Simultaneously, Puri announced the Firm’s real estate investment and fund platform, which will invest Rs 3k million in residential real estate projects.

    Puri said: “We have chosen the brand Anarock with the motto ‘Values Over Value’ to reflect a business model and philosophy founded on the bedrock of Trust and Reliability.

    “We will provide our regular residential advisory services which charges zero brokerage from our customers. Additionally, the Firm will operate a revolutionary business model of bulk-purchasing residential apartment inventory through a proprietary investment fund. Anarock will also provide debt, equity and mezzanine funding to residential developers. And, this is just the beginning.”

    Ashwinder Raj Singh, who continues as CEO – Anarock, is currently enhancing the Firm’s team of residential brokers to a Pan India headcount of 700 by the end of 2017.