- Business
- Ansal Housing Limited, an ISO 9001:2015 certified real estate developer incorporated in 1983 and headquartered in Ghaziabad, India, engages in the promotion, construction, development, and sale of integrated townships, residential complexes including multi-storied apartments, houses, villas, plotted developments, and high-end luxury projects, as well as commercial properties such as shopping malls, multistoried buildings, hotels, and movie halls; its offerings target mid-segment housing units priced between Rs 25 lakhs and Rs 1.5 crores. The company operates primarily in India's National Capital Region (NCR) of Delhi, Mumbai, and various Tier-I and Tier-II cities including Meerut, Lucknow, Ghaziabad, Bhopal, and Zirakpur, with ongoing projects valued at over Rs 6,400 crores encompassing 27 million sq.ft. of development area, of which 12 million sq.ft. is built-up; it maintains 17 subsidiaries and one associate, including unlisted material subsidiary Geo Connect Limited. In recent developments, the company reported consolidated net profit after tax of Rs 1,809.50 lakhs for FY 2024-25, up significantly from Rs 793.24 lakhs in the prior year, driven by accelerated construction activities across project sites and shortened pandemic-related delays; it approved unaudited Q1 FY2026 results in August 2025 with an annual general meeting scheduled for September 26, 2025, while navigating debt restructuring discussions including the assignment of IFCI debt to Suraksha ARC in September 2023 and reaffirmation of credit ratings by ICRA in February 2025.