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Ansal Properties Deal with UAE-based Deyaar

May 10, 2007

Ansal Properties & Infrastructure just a while ago announced that it has signed a memorandum of understanding (MoU) with Deyaar Development PSC, a real estate company in UAE. The MoU is for developing a mixed township, comprising of residential, commercial, institutional and industrial properties in India. As per the MoU, Deyaar would hold up to 40% stake in the project.

Ansal API was badly looking for a foreign partner with deep pockets and it has found one to scale and implement its ambitious projects.

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