AIPL Ambuja to invest Rs 2,000 cr in Punjab
Real estate developer AIPL Ambuja Housing and Urban Infrastructure today said that it would invest Rs 2,000 crore for setting up housing and mall projects at various places in Punjab.
"We intend to invest Rs 2,000 crore on various upcoming projects in Punjab," AIPL Ambuja Director Harinder Singh told reporters here today.
The company would be setting up two malls in Jalandhar and Khanna and housing projects in Mohali, Gobindgarh-Khanna and Amritsar.
He said that the company would be raising money through mix of internal accruals, debt and advances from customers.
Giving details about its upcoming housing project at Gobindgarh-Khanna, Himanshu Pant, National Head of Sales and Marketing, AIPL Ambuja said, "DreamCity, Gobindgarh-Khanna a 88 acres of self sufficient township is a modern suburbia containing everything from immaculately designed luxury villas, independent floors and a bazaar."