Ansal Properties and Infrastructure Ltd will invest twenty billion rupees in the current fiscal year as it aims to leverage the increasing demand for low-cost housing in India.
The investment represents the final tranche of a sixty billion rupees allocation earmarked by the company last year. This capital is designated for the development of nineteen integrated townships over a period of five to seven years. Ansal Properties has already spent forty billion rupees of the total sum in the previous fiscal year.
Factors such as higher borrowing rates, elevated property prices, and concerns about job losses due to a slowing economy negatively impacted the demand for real estate in India last year. However, a series of stimulus packages and a reduction in loan rates by commercial banks are contributing to a gradual recovery in demand this year.