Ansal Housing Launches New Project at Rewari

Ansal Housing & Construction Ltd has announced that the Director, Town & Country Planning, Chandigarh, Haryana has issued licence for development of approx. 100 acre of Residential Project of the Company at Sector - 19, Rewari (Haryana)

The Integrated Township is strategically located close to Delhi - Jaipur highway. It has an excellent business potential and is in the neighborhood of Gurgaon - one of the prominent IT Cities of India. The Integrated Township will be spread in approx. 100 acres of land and is named 'ANSAL TOWN'.

The 'Ansal Town' will have in-house amenities like Schools, Hospitals, Clubs and Multiplexes etc. The Company Will now undertake all the development and marketing work of the project. The Project is expected to have a turnover of approx 150 crores over next 2-3 years with sizeable profits.

The stock was trading at Rs.237.65, up by Rs.4.65 or 2%. The stock hit an intraday high of Rs.240 and low of Rs.235. The total traded quantity was 2612 compared to 2 week average of 11410.

Source : Equity Bulls

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