Ansal Properties and Infrastructure Ltd will build a $4.5 Billion township in Greater Noida to take advantage of the economic growth.The township will be built on an area of 2500 acres. The township will house more than 30,000 people and have 18 hole golf course, hotels, shopping mall, service apartment and a convention center.
The company in October raised $10 Million from HDFC Ventures and another $30 Million from Citigroup. Earlier this month the company raised another $150 Million by means of qualified institutional placement.
Tags: Real Estate India, Noida Real Estate, Delhi Real Estate, Real Estate Bubble
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