Ansal Properties in JV for residential township

Last Updated: Fri, Feb 25, 2011 09:50 hrs

Ansal Properties & Infrastructure said on Friday it has signed a pact to form a joint venture with Red Fort Capital to expand a residential township near New Delhi.

Red Fort will invest 2 billion rupees in the 108-acre project, the real estate developer said in a statement.

(Reporting by Kaustubh Kulkarni; Editing by Rajesh Pandathil)

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