Ansal Properties to Build Hi -Tech city adjoining Greater Noida

December 22, 2006	(5 votes, average: 3.4 out of 5)  Loading ...
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Ansal Properties & Infrastructure Limited (APIL), announced to develop a hi-tech city on 2504 acres of land adjoining Greater Noida. The proposed project will require an investment of over Rs. 20,000 crore. A Memorandum of Understanding has already been signed between the Government of Uttar Pradesh and APIL, who is serving as a prime consortium.

Heralding eighteen holes golf course to be designed by Mr. Martin Hawtree, who has designed over 750 golf courses worldwide, the city will also feature a number of sporting facilities including Mahesh Bhupati Tennis academy, a polo and an equestrian club. There are plans to create a world class stadium where amateur sportsmen and athletes can avail proper training. The city will also have five star hotels, serviced apartments, a convention center, and an exhibition hall.

Fifty percent of the total area of this ‘Hi Tech city’ has been reserved for green spaces that will enrich the beauty of the township thereby by making it an attractive location. A lot of revenue is likely to be produced from the project. A number of domestic as well as international companies are expected to step in with their establishments in the township. This will generate great employment opportunities catering to the requirements of various job categories.

This ‘Hi- Tech City’ will combine the best of design, aesthetics, and architecture by some of the most renowned national and international town planners. After completion, the project is believed to be one of the largest real estate projects in National Capital Region and accommodate a population of over 30,000 people. A part of the project cost will be financed by the newly concluded qualified institutional placement (QIP) amounting to Rs. 681.75 crore.

News Published Under:   Real Estate India, Noida, Real Estate Developers |

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