Acquisition
Anarock buys Redwoods Group's residential business
By Startup Enthusiast ·
- Date
- Company
- Anarock Property Consultants
- What it does
- Buys Redwoods' home business
- Kind
- Acquisition
- Based in
- Mumbai
- Founded
- 2017
What they do
Anarock took over the residential arm of Redwoods, the Indian unit of Australian estate agent LJ Hooker, in August 2017
What happened
The price was not made public, and the deal closed on a Wednesday
Why it matters
Redwoods chose to exit homes after demonetisation hurt it, while Anarock wanted a bigger presence in South India
The details
- Anarock bought the residential business of Redwoods Group.
- Redwoods is the Indian arm of Australian agent LJ Hooker.
- The deal value was undisclosed.
- It helps Anarock build a stronger base in South India.
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