NEW DELHI: The city-based Ansal Properties & Infrastructure, has entered into a joint venture with Real estate private equity firm Red Fort Capital for the expansion of a residential township in Gurgaon.
According to the statement issued by Red Fort, the company will pump in Rs 200 crore in the project.
Beside expansion, the JV will develop an additional 108-acre township project adjacent to Ansal’s existing 112-acre Esencia township project in Gurgaon.
In June, 2010, Ansal Properties has raised Rs 58 crore ($12 million) through a preferential allotment to a string of high net worth individuals besides financial services firm Enam Investment Services.
Ansal Properties & Infrastructure Limited operates as a realty business. It develops integrated townships, and mixed-use and stand alone developments in residential, commercial, retail, and hospitality segments, as well as engineering SEZs, IT/ITES, and industrial parks.
According to the statement issued by Red Fort, the company will pump in Rs 200 crore in the project.
Beside expansion, the JV will develop an additional 108-acre township project adjacent to Ansal’s existing 112-acre Esencia township project in Gurgaon.
In June, 2010, Ansal Properties has raised Rs 58 crore ($12 million) through a preferential allotment to a string of high net worth individuals besides financial services firm Enam Investment Services.
Ansal Properties & Infrastructure Limited operates as a realty business. It develops integrated townships, and mixed-use and stand alone developments in residential, commercial, retail, and hospitality segments, as well as engineering SEZs, IT/ITES, and industrial parks.
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