Ansal to launch Rs 1,000-crore township in Gurgaon

Ansal API is returning to Gurgaon after nearly seven years, with a Rs 1,000-crore township project planned in Sector 67. Esencia, the new township, is expected to be launched in May. Ansal had last launched a project in Gurgaon in 1996 and Sushant Lok-III was readied in 2003.

“We are back in Gurgaon after a gap of almost six-seven years with Esencia. It is one of our ambitious projects. This year, we expect to launch many more such projects in Gurgaon,” said Shashank M Jain, President, Haryana, Ansal API.

The Esencia township project will be spread across 111 acres and will have 700 to 750 plots, where the company will construct villas. Around 160 plots will be kept for economically weaker sections (EWS), where there will be three-floor apartments.

“The market for real estate has seen a major boost in the past couple of months and Gurgaon residential properties have also seen a lot of demand. We expect to complete the project in the next two-and-a-half years and earn a substantial amount of profit from this project,” said Anil Kumar, Deputy Managing Director & CEO, Ansal API.

On the financing, Kumar said, “HDFC will be financing 85 per cent of this project and the rest we will get from the consumers. We will be signing a deal with HDFC in the next couple of days.” The Esencia township will also have a commercial complex covering 2.76 acres where Ansal API will have hyper marts, amphitheatre, etc.

This township will be Green Rating for Integrated Habitat Assessment-certified. “People have become more conscious about their health now and one of the value propositions is to offer them a home which is green to the core. In Esencia, we will be using solar power and also have a sewage treatment plant,” said Jain.