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Ansal to build Rs1300 cr township in Gurgaon

Ansal to build Rs1300 cr township in Gurgaon
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First Published: Tue, May 18 2010. 11 09 PM IST
Updated: Tue, May 18 2010. 11 09 PM IST
New Delhi: Real estate firm Ansal Properties and Infrastructure plans to invest Rs1,300 crore over the next three years to develop a township project in Gurgaon. The company expects Rs1,700 crore sales realisation from this 112-acre township ‘Esencia’.
“It will be a pilot project for a new green rating system ‘Griha’ being jointly promoted by the Ministry of New and Renewable Energy and TERI,” said Pranav Ansal, vice-chairman and managing director, Ansal Properties and Infrastructure. The company would offer plots in a price range of Rs 50 lakh to 5 crore while the villas will be priced between Rs3 to 7 crore.
The developer will soon close a deal with ICICI Prudential to raise Rs70 crore selling 49% stake in the group housing part of its 2500 acre Aquapolis township in Ghaziabad. Meanwhile, company’s board has recently approved preferential allotment of equity shares to a set of investors including Enam Investment Services Pvt. Ltd to raise around Rs 70 crore.
The board also approved an enabling resolution for raising upto Rs 1,000 crore through the QIP route.
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First Published: Tue, May 18 2010. 11 09 PM IST