Ansal API launches hi-tech city project

New Delhi, July 13

Real estate company Ansal Properties and Infrastructure Ltd (Ansal API) on Saturday announced the launch of its hi-tech city project ‘The Megapolis’. The UP Government – approved township adjoining Greater Noida would be spread over 2,500 acres and is extendable to about 9,000 acres.

“The investment in the project will be close to Rs 13,600 crore whereas the project turnover is about Rs 26,900 crore. The project will come up in phases, and the overall completion would happen by 2013,” Mr P.N. Misra, Executive Director - Business Development, Ansal API said.

“HDFC Group has decided to pick up eight per cent stake in the project,” Mr Misra pointed out.

He said the company had already procured over 300 acres of land.

Taken from Business Line

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