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HDFC realty fund to invest in Ansal IT City and Parks

Our Bureau

New Delhi , Oct. 3

HDFC India Real Estate Fund (HI-REF), the first scheme of HDFC Property Fund, has decided to invest in the capital of Ansal IT City and Parks, which is a wholly owned subsidiary of Ansal Properties and Infrastructure Ltd.

"Ansal IT City & Parks is developing an IT campus on 75 acres at Greater Noida (UP) having expected turnover of about Rs 1,500 crore over the project period. HI-REF will hold not less than 26 per cent of the share capital of Ansal IT City & Parks. The said investment is subject to terms as mutually negotiated between the parties," the company informed the BSE.

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