HDFC Asset Management Co (HDFC AMC)
has invested $55 million (Rs.236 crore) in Ansal Hi-Tech Townships, a subsidiary
of the New Delhi based Ansal Properties & Infrastructure (API), for a minority
stake in the project.
Ansal Hi-Tech Townships - an SPV -
will develop a 2,500 acre modern township with a developable area of 75 million
sq.ft in Greater Noida. Ansal is expected to invest over Rs.12,000 crore in the
project and currently land acquisition process for the project is underway