Ansal Properties to invest Rs 1,300 cr to build green township

NEW DELHI: Realty firm Ansal Properties and Infrastructure on Tuesday said it will invest Rs 1,300 crore over the next three years to develop a green township in Gurgaon.

The company expects Rs 1,700 crore sales realisation from this 112-acre township 'Esencia'.

"It will be a pilot project for a new green rating system 'Griha' being jointly promoted by the Ministry of New and Renewable Energy and TERI," Ansal Vice-Chairman and Managing Director Pranav Ansal told.

The company would offer 1,000 villas, floors and plots in a price range of Rs 50 lakh to 5 crore.