Promoted by the Delhi-based Ansal Group, Ansal Properties & Infrastructure (ANSALINFR) was originally incorporated as a private company on June 30, 1967. It got converted into a public company on Jun. 15, 1988. ANSALINFR is engaged mainly in real estate promotion and development of residential and commercial properties. Ansal Properties & Infrastructure operates in the business areas of real estate promotion and development, education, environment up-gradation, retail shopping malls, facilities management, township development, hospitality, hotels & clubs, hi-tech engineering, and overseas.
Completed projects include Ansal Plaza, Delhi and housing projects like Sushant Lok, Gurgaon and Palam Vihar township in Delhi. Ongoing commercial projects include Aerodrome (Amritsar), Galaxy Court (Panipat) etc; housing projects like Sushant Taj City (Agra), Sushant City (Kurukshetra) etc; retail properties in Ajmer, Amritsar etc. The company forayed into hospitality with the Marriott Welcome Hotel project, New Delhi; The Palms, Gurgaon; high-tech auditoriums; cinema calls; and a state-of-the-art multiplex. In industrial, it has the 75-acre SEZ in Greater Noida. Clients include Apple, Aviva Life Insurance, Canara Bank etc. Some joint venture collaborators include HDFC Bank; Faber Group, Malaysia; Marriott Corporation, USA; and National Panasonic, Japan. Ansal Properties & Infrastructure has two agreements with IL&FS Investment Managers to develop a township and IT SEZ in Gurgaon, Haryana, an agreement with Fortis Healthcare Holding to set up a medicity at Sushant Golf City, Lucknow. Its subsidiaries include Ansal SEZ Project, Ansal Township and Infrastructure and Star Estate Management. ANSALINFR a JV with Dubai-based Deyaar Development, is planning to develop a township comprising of residential, commercial, institutional and industrial properties in India.
The company entered into a JV with Faber Group Berhad, Malaysia to take up hospital and healthcare projects. The registered office is located at New Delhi, India.
Financials
The company reported rise of 0.70% in consolidated net profit on y-o-y basis to Rs 329.30 million, while total income increased 22.78% y-o-y basis to Rs 3.53 billion for the quarter ended December 2010.
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