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Construction : Web Exclusive | May 2013 | Source : Construction Update

Ansal plans projects across several cities

New Delhi-based Ansal API plans to launch several residential and mid-segment projects in around 20 million sq ft land across various categories and cities during 2013-14.

The firm is working on a lot of projects in Mohali, a suburb of Chandigarh besides Lucknow, Jaipur, Ajmer, Panipat, Kurukshetra etc.

The firm reportedly keeps launching various sorts of villas, apartments, floors and plots every month including a shopping mall in Lucknow. In order to ensure there is a launch every month for the next two years, the firm has a diverse range of projects in the pipeline.

Apart from the launches, smaller builders who have bought land from the company are also making launches every month, reports indicate. So, there is a lot of real estate activity with a wide variety of options all of them are sold at various price-points.

The company derives 50 percent of its business from tier-II cities and most of the projects are selling really well. In fact, the potential is high because tier-II cities have never been exposed to big, branded and organised construction. In Lucknow, the firm is developing 3,500 acre and recording sales every month to push volumes up.

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