Expansion of township in Lucknow and Greater Noida
Real estate developer Ansal Properties & Infrastructure has planned to expand its two big townships in Lucknow and Greater Noida by a total of about 4,000 acres.
The builder has already applied for approval to expand its township. The company is currently developing a 3,500-acre township Sushant Golf City at Lucknow, while the Megapolis Township at Greater Noida is spread over an area of 2,500 acres.
The main focus of the Ansal Properties & Infrastructure is housing and primarily development of townships for the middle and high-middle class people.
At present, the projects in Lucknow and Greater Noida will get 70,000 units and 50,000 units of apartments respectively. Ansal Properties are expecting Rs 25,000 crore sales from Lucknow and Rs 20,000 crore to Rs 30,000 crore sales are expected by them in Greater Noida project.
Besides these two projects, the company is also planning to expand another township project named Esencia at Gurgaon by 200 acres. The company currently has a net land bank of about 8,500 acres in various locations across the country.
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Lucknow expecting real estate development
Source: Economic Times
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