Ansal Properties & Infrastructure has
launched its hi-tech city project - The Megapolis - at Greater Noida.
The project to be implemented in
phases, will entail an investment of Rs.13,600 crore. The Megapolis will spread
over 2,500 acres of land and is extendable to about 9,000 acres, of which around
300 acres of land have been acquired by the company. HDFC Group has decided to
pick up 8 per cent stake in the project.
The overall completion of the project
is expected by 2013.
Also See:
HDFC AMC invests
Rs.236 crore in Ansal's Noida project (21-Jun-08)