Ansal Properties & Infrastructure Limited (API) was incorporated in the year of 1967, it established as a result of a dream, shared by its visionary founders Shri Surendra Kumar Saigal and Charanjilal Ansal. A dream that was to, by building world-class real estate solutions, radically improve the lifestyle standards of the citizens. As for as, touching every facet of modern lifestyle with its signature of excellence with its versatile portfolio, Real Estate Promotion & Development, Education, Environment Upgradation, Retail Shopping Malls, Facilities Management, Township Development, Hospitality, Hotels & Clubs, Hi tech Engineering and IT parks, the company changing lifestyles for millions across the country and overseas also.
Ansal & Saigal Properties Private Limited was the company's incorporated name furthermore it was changed to Ansal Properties & Industries Private Limited in November 10th of the year 1975. The Company again changed its status to a deemed public limited company in15th June of the year 1988. Afterward, the spectacular growth Ansal API at a stage where the company has acquired immense experience and became a Public Limited Company during the year 1990. During the year 2000, ICRA has downgraded the FD rating of the company from MB+ to MB indicating inadequate safety. In the year 2003, the company's shares delisted from Ahmedabad, Jaipur and UP Stock Exchanges. The Company had signed a Memorandum of Understanding (MoU) with UP Government. The company awarded ISO 9001: 2000 for Quality Management in the year 2004. HDFC India Real Estate Fund (HI-REF), the first scheme of HDFC property fund has agreed for investment in capital of Ansal IT City & Parks Private Limited (subsidiary of the company) during the year 2005.
In the year 2006, as per the last year agreement, the HDFC-REF acquired the 33% of stake in Ansal IT project. Ansal API is committed to carry out technical and management expertise to smaller towns so that on one hand the congestion in the metropolis could be avoided and on the other hand the benefit of planned development with its attendant improvement in the life style could be extended to the bulk of the Indian population living in smaller towns. The Company had entered into Joint Venture agreement with Faber Facilities SDN-BHD (FFSB) through its affiliate company Signa Real Estates Limited (SREL) for facilitate management service in commercial and also in residential in the same year 2006.
During the year 2007, API has signed two Agreements with IL&FS Investment Managers (IIML), the private equity arm of IL&FS to develop two Projects of Township and IT SEZ in Gurgaon, Haryana. Also in the same year of 2007, the company had inked a Memorandum of Understanding with UEM Builders, a subsidiary of Malaysian conglomerate UEM Group to form a joint venture company with aim of take on building, construction and engineering activities in India. The Company has been granted System Standard NS-EN ISO 14001:2004, ISO 14001:2004 relating to Environmental Management System Standard in 2007. Ansals launched the township at Kurukshetra in March of the year 2008. As a result of MoU in last year, the company formed Joint Venture company with UEM Builders in April of the year 2008.
It proposes to drive its growth through focused concentration on developing integrated townships in tier II cities, establishing presence in IT parks and SEZ. The company also plans to establish malls in these townships with mixed hotel/ serviced apartment usage. In keeping with the Government's housing policy, the company endeavors to provide better dwelling units for the urban poor with special emphasis on environmental improvement and social forestry. API is focusing on ushering in new lifestyle ventures in cities like- Greater Noida, Gaziabadh. Meerut, Agra, Lucknow, Batindha, Mohali, Amritsar, Ludhiana, Jalandhar, Jaipur, Jodhpur, Ajmer, Sonepat, Panipat, Karmal, Kurukshetra, Faridabad, Gurgaon to name a few With its deep-rooted foundation of ethics and values, Ansal API continues to conquer new horizons, thus pioneering and identifying new vistas of growth for the real estate sector.