Ansal Housing Launches new Project at Karnal

Ansal Housing & Construction Ltd has announced that the Director, Town & Country Planning, Haryana, Chandigarh has issued licence for development of 98 acre of Residential Project of the Company at Sector - 36, Karnal (Haryana).

The Integrated Township is strategically located parallel to National Highway - 1. The Karnal City is 125 kms from National Capital (Delhi) and 125 kms from State Capital (Chandigarh). Karnal City is famous for National Dairy Research Institute (NDR) and Haryana Police Academy.

The aforesaid township named 'Ansal Town' in Karnal will have in-house amenities like Schools, Hospitals, Clubs and Commercial / 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. 250 crores spread over next 3-4 years with sizeable profits. The Company expects to launch couple of more Projects in Karnal shortly.

The stock was trading at Rs.233, up by Rs.2.45 or 1.06%. The stock hit an intraday high of Rs.235 and low of Rs.226. The total traded quantity was 3642 compared to 2 week average of 13725.

Source : Equity Bulls

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