Ansal Properties & Infrastructure has sold about Rs 400 crore worth projects, comprising 2.93 million sq ft of spaces, in May this year on the back of robust demand. The real estate developer has sold about Rs 700 crore of projects in the first two months of this fiscal.
The large portion of the said sale was contributed by two of its residential projects in Gurgaon -- Esencia and Fernhill. Currently, the company has a net land bank of over 8,500 acres in various locations across the country.
Out of the company’s different residential projects, group housing scheme received highest demand by registering Rs 195.05 crore worth sale. It was followed by villas with Rs 94.44 crore sales and plots with Rs 62.93 crore sales.
Ansal Properties & Infrastructure’s business activities include property development for commercial, housing, retail, hospitality, IT SEZ, IT parks and industrial parks. The realty firm reported a consolidated net profit of Rs 13.55 crore for the quarter ended March 31, 2011, compared to a loss of Rs 31 lakh in the year-ago period due to robust demand.
