Ansal API, a New-Delhi based realty firm is launching a major township for 115 acre of land in Gurgaon and in Delhi with the expected target sales of Rs.2, 000 crores. The company is looking for investment upto Rs.1, 500 crores to the make the planning execution and also will be raising the investments through its customer in the form of advances in 1st phase of call on issuance of ownership.
The developers have received a sanction of Rs.1, 300 crores to the build the township for land acquisition from HDFC bank from which Rs.500 crores are already invested and Ansal API official claimed that they are building one of the biggest township under the head of green projects which is supported by ministry of new & renewal energy to be constructed as luxury apartments in NCR.
The technology factor used in the township will be one of the most expensive materials, equipments which have increased the cost of land and residential ownership by 7-10% as it includes the value addition of solar power by getting the project more enviornment friendly. The cost of each unit for luxury apartments in NCR will go upto start range of Rs.55 lakhs to Rs.5-7 crores, which includes the villas, service apartments, and plots too.
Ansal API managing director said that they are most likely in the position to raise debt by the ratio of 1:1 as they are in comfortable position to service its debts from the regular operations and are not willing to raise the equity funding by way of raising the capital for the organization for any investment concerns.
So lot of concentration will be provided by way for rising from the customer itself for secure and more reliable source. Any the project will be ready for living in mid of year 2011.
So lot of concentration will be provided by way for rising from the customer itself for secure and more reliable source. Any the project will be ready for living in mid of year 2011.
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