Ansal Plaza: The first mall in Delhi

The first mall to come up in Delhi, Ansal Plaza is located in Andrews Ganj on Khel Gaon Marg in South Delhi, right near post South Extension II Ring Road area. Built by Ansal Properties & Infrastructure Ltd, this mall came up on November 1, 1999. Apart from many major brands like Adidas, Shoppers Stop, Levi's, Music World, Marks & Spencer, Nike, Reebok and Club Mahindra having outlets at this mall, this is also the place where one can get everyday use items. There are also other outlets in garments and apparels, fashion accessories, jewellery, footwear, toys, lifestyle products etc. Furniture, electronics, arts etc are also available in this mall. Here items are available at affordable and discounted prices. This mall is also a good place for foodies with karaoke bars and restaurants such as McDonalds, Subway, Pizza Hut, Barista, etc. For those who are out to have a drink, places like Geoffrey’s Restaurant and Bar are ideal. Customers who get tired can have a stroll in the mall’s gardens.

Benefits of Investing in Real Estate

Currently, there are many benefits of investing in real estate and real estate investment is considered one of the most secure and lucrative investments. This is the same in our country also. If you are looking at a long-term investment, then real estate investment is the ideal solution. Investing in real estate is beneficial, in case you decide to take a loan or invest in something different. It increases your personal worth in the sense that it shows the lender that you have the ability to maintain a loan without defaulting. You can then use the real estate as a security in taking the loans. There are a number of tax benefits resulting in having a real estate. Interest paid on the loan, insurance, agent’s fees, and buildings depreciation are some of the deductions that can be claimed on tax returns. Negative gearing can also lead to tax deductions, this phenomenon being applicable in some countries. It means where the costs of keeping the investment property exceed the income gained from it. Investment in real estate is low in risk and has high advantage possibilities.

Ansal API’s Investment Opportunities

Ansal API, with its reputation as a leading real estate developer, may diversify and is looking into other fields to invest in. They have known what building a business is, and how to make a success in business. Currently in real estate, education and healthcare, they can choose other fields to invest. There are many investment opportunities available and taking into account its current capabilities and achievements, it is a surety that choosing a field to invest in and making a success in it is not difficult for a company of Ansal API’s stature.

History of Ansal API: Pioneers in Real Estate

Ansal API, the leading real estate company, started in the year 1976 by Late Lala Chiranjiv Lal Ansal and Sushil Ansal, as a family business. In the last four decades since its inception, it has been making rapid strides, meeting the real estate needs of the people. Fulfilling the growing aspirations of its customers by building excellent real estate solutions and redefining lifestyle standards has been the mission of Ansal API and it identifies with the colors red and black. Currently, under the able leadership of Mr. Sushil Ansal (Chairman), Mr. Pranav Ansal (Vice Chairman and Managing Director), and the efforts of its Directors and other staff, Ansal API has covered spheres under the ambit of realty development and construction, infrastructure projects, educational institutions and hotels. It has built Malls, Condominiums, Townships, Shopping complexes, SEZs, IT parks and other real estates.

Sushil Ansal Support His father

By the mid-1960s, Sushil Ansal had begun to nudge his father in the direction of real estate development. When the Master Plan was released and in the discussion and consultation that preceded it, he sensed that there were opportunities coming. The Ansals had experience in contracting and knew the construction end of the business. As such, Sushil Ansal saw moving into full-scale property development as a natural corollary.

Sushil Ansal’s competitors in High Rise Constructions

One of Sushil Ansal competitors in high rise constructions in Delhi at that time was the upcoming M/s Skipper Builders headed by Shri Tejwinder Singh. Sushil Ansal admired Tejwinder’s aggression and his meteoric rise in the real estate sector, finding in him a tough competitor. In one prestigious auction for a plot at Jhandewalan, Sushil Ansal sensed that competition may lead to unviable bidding. He rang up Sardar Inderjit Singh, the legendary Chairman of Punjab & Sind Bank to mediate with Tejwinder Singh and avoid competition, ensuring a collaborative bid.

Sushant Golf City and Megapolis most expansive projects ever undertaken by Sushil Ansal

The statistics sound impressive and speak of a lifetime of labor. Yet, it is sobering to consider that Sushil, Pranav and their company have just embarked on a project called Sushant Golf City, initially spread across 3,500 acres in Lucknow, with a built up area of 180 million square feet and valued at Rs 20,000 corer. This is likely to be expanded to 6,000 acres, with a built up area of 270 million square feet. It is already being nicknamed “New Lucknow”. In NCR, Sushil is conceptualizing an even more ambitious project: Megapolis. Located in Dadri (adjoining Greater Noida), an hour’s drive from Delhi, the first phase of Megapolis will extend to 2,500 acres and will have a built up area of 124 million square feet, with a value of approximately Rs 35,000 corer. Sushil plans to expand Megapolis to 5,000 acres as well.