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Old 21-08-07   #1
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Thumbs up Ansal, IL&FS arm in deal for township, IT SEZ

Ansal Properties & Infrastructure Ltd has signed two agreements with IL&FS Investment Managers, the private equity arm of IL&FS, to set up a township and IT SEZ in Gurgaon, Haryana.

These projects will be spread over 11 million square feet of office, residential and office space at an investment of around $125 million. These projects are expected to have a turnover of exceeding $1 billion over the next 5 to 6 years, the company said.


Source: The Economic Times
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