Director's Message

From the Director’s desk

Dear Friends,

The real estate sector is experiencing a revival. We have seen a surge in sales queries by interested buyers in our projects at Meerut, Gurugram, Karnal, Alwar, Indore etc. post a period of stagnation due to the pandemic. Even the initiatives proposed by the Honourable Finance Minister in the recent budget have only added to the exuberance in the sector. The stress on infrastructure improvement along with tax rebate on personal income up to Rs.7 lakhs are quite welcome in improving sentiments. A study by IBEF estimates Indian realty sector to touch US $1 trillion by the year 2030, which will be almost 18-20% of India’s GDP! REITs & private lenders, too, have increased business in the market. Together with the fiscal stimulus provided in last year’s budget through SWAMIH fund as ‘last mile funding’, these steps have given several projects a new lease of life. Our project Ansals Highland Park, Gurugram being developed by our wholly owned subsidiary is one such project, which is now at the stage of completion.

We have completed the construction and have started offering possession for units in our projects at Meerut, Alwar, Ajmer, Karnal, Yamunanagar, amongst others. We are also aggressively pursuing completion in projects like Ansal Heights 92, Ansal Heights 86, Estella and Hub 83.

To sum up, the mood in the industry is quite buoyant, with investors showing keen interest and we at Ansal Housing are focused on delivery of all our under development projects.