Real Estate Chandigarh

Residential and Commercial properties in Chandigarh..

25 September 2006

Real estate developer Ansal Properties & Infrastructure (Ansal API) said it would further dilute the promoters' stake in the company from the current level of 74 per cent to fund expansion. The promoters could also off-load their stake in the company by offering equity to private entities or to Qualified Institutional Bidders .
Ansal said the company is currently working on property worth Rs 26,000 crore and its land bank position stood at 6,000 acres.
The company has recently approved setting up two Special Economic Zones (SEZs) one in Rajasthan at an investment of Rs 6,533 crore and another one in Haryana at an investment of Rs 800 crore.
Ansal API is also planning to set up it parks at Lucknow, Chandigarh, Panipat, Meerut, Jaipur, Jodhpur and Patiala.

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