Ansal Properties to invest over Rs 35,000 cr on 19 townships

Published: September 14, 2009

Claiming that it was the biggest township developer in the country, even ahead of rival DLF and Unitech, realty firm Ansal Properties
& Infrastructure said on Sunday that it will invest up to Rs 35,000 crore over the next 10 years to develop 19 township projects.

“We are the largest township developer. We are currently developing 19 townships in North India. These townships are spread over about 7,000 acres of land,” Ansal API Vice- Chairman and Managing Director Pranav Ansal told PTI.

When reminded that the Sahara Prime City has housing and commercial projects in over 200 cities, he said, “To say, you may say whatever. We say work on ground. Let somebody go and check our projects…”

He said the size of the townships vary between 100 acres and 2,500 acres and added that essentially the company was not looking for a pan-India presence and would rather focus on the Northern region.

“From fiscal 2010-11, the company will invest about Rs 30,000 crore to Rs 35,000 crore over 10 years on developing these 19 townships”, he said on investments
entailed in these projects.

The company has already pumped in Rs 4,000 crore on these projects and will put in another Rs 1,600 crore in the remaining part of this financial year.

Source: Economic Times

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