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Ansal Properties to build green township in North Indian city of Gurgaon

Indian realty developer Ansal Properties and Infrastructure on 18 May said it will invest INR1,300 crore (INR13 billion, USD281.8 million) over the next three years to develop a green township in the northern Indian city of Gurgaon.

The company expects INR1,700 crore (INR17 billion, USD368 million) in sales from the planned 112-acre township "Esencia".

Ansal Properties would offer 1,000 units that would vary in price from INR50 lakh (INR5 million, USD108,275.92) to INR5 crore (INR50 million, USD1,082,915.31).

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(Source: Business Standard)