Indias leading property developer Ansal Properties & Infrastructure Ltd (Ansal API) said it will invest Rs.13,000 crore ($3.25 billion) on a new township near Greater Noida in Uttar Pradesh.
The integrated township called The Megapolis will be spread over 2500 acres of land at Dadri near Greater Noida and will be completed by 2015, P.N. Misra, executive director, Ansal API, said.
The detailed layout has been approved. Work will start within a month, Misra said, adding that in 3-4 years, returns on investment would flow in.
More : in.ibtimes.com
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