Ansal, IL&FS arm in deal for township, IT SEZ

MUMBAI: 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.

At 1:57 pm, Ansal Properties shares were at Rs 265.95 on NSE, up 2.92 per cent over Friday’s close.