Ansal API signs up IBM, Cisco for smart city project
It would be the first smart city in India in Lucknow, when completed
Oct 17, 2014
Source : Business Standard
Ansal API

 

Lucknow: Realty major has signed up technology majors and for transforming its Sushant residential township into a smart city.

"The project has already started and it would be the first smart city in India, when completed," Ansal API chairman Sushil Ansal told Business Standard here.

He said Golf City had the permission to acquire a total of 6,500 acres to develop the township for a million people. The total investment in the project is estimated almost Rs 70,000 crore, he added.

Currently, the township spans about 3,500 acres comprising bungalows, villas, row houses, commercial arcade, besides an 18-hole international championship standard golf course, Mahesh Bhupati Tennis Academy etc. The project also includes 10,000 housing units for the Economically Weaker Section (EWS).

Now, a super specialty Medanta Awadh hospital is coming in the township. It is promoted by noted cardiologist Dr Naresh Trehan.

 

The hospital would be spread over 12 acres and comprise a 1,000 bed hospital with 30 operation theatres and 300 critical care beds.

Uttar Pradesh chief minister Akhilesh Yadav had laid the foundation of the hospital yesterday in the presence of Ansal and Trehan.

According to Ansal, while phase I of the hospital would be operational in two-and-half years, the project would be complete in 5 years time. Meanwhile, the company has also planned to set up a university in the township.

Commenting on the real estate sector, he conceded the past few years had been tough due to several reasons. "The companies who do not compromise on quality and complete projects on time committed to buyers would still flourish," he observed.

Latest Realty News

Real estate to see little sparkle this festival season as sales remain low
Oct 17, 2014
New Delhi: The festive season has failed to brighten the real estate sector, as developers see low sales conversion despite high enquiries
Real estate sales muted in September quarter
Oct 17, 2014
Bangalore: Property sales in the three months ended 30 September were muted across India, with only Bangalore displaying some resilience
Why Huge Housing Scheme Named for Sardar Patel Will Annoy Congress
Oct 17, 2014
New Delhi: A large component of the new housing-for-all scheme will be named after iconic Gujarat leader and freedom fighter Sardar Vallabhbhai Patel
Bangalore - BDA Sets New Sale Record
Oct 17, 2014
Bangalore : A BDA residential site sets a new sale record by attaining an incredible amount when the Bangalore Development Authority (BDA) set up theJayanagar plot for sale
UP govt to tighten noose of land mafias and fraudsters
Oct 16, 2014
To identify and end land frauds in GB Nagar, district administration has kicked off drive to identify such land
Guidance value to shoot up by 20-30% from November
Oct 16, 2014
Planning to buy a plot or flat? Hurry up, for the Karnataka government is set to increase guidance values by 20-30% from November
BDA to Hire Pvt Firm to Process Building Plans
Oct 16, 2014
Getting a building plan approved in the Capital is set to get simplified with the Bhubaneswar Development Authority (BDA) deciding to hire a private firm to deal with the applications
Realty body APREA seeks greater tax clarity for REITs, InvITs
Oct 16, 2014
Real estate industry body APREA has sought greater clarity on taxation issues for the newly created investment vehicles REITs and InvITs
DDA Housing Scheme Closes; 7.5 Lakh Applications Received
Oct 16, 2014
The DDA has received a total of 7.5 lakh applications for it flagship 'Housing Scheme 2014',
Committee searches for encroached plots
Oct 16, 2014
Six squads under the newly formed Central Enforcement Monitoring Committee have identified 55 encroached government plots in and around the city within two weeks

Latest Realty News Of State

Realty Talk's