- Business
- Ansal Properties & Infrastructure Limited (Ansal API) engages in real estate development across residential, commercial, retail, and hospitality segments in India. The company develops and promotes integrated townships, condominiums, group housing projects, malls, shopping complexes, hotels, special economic zones (SEZs), IT parks, and infrastructure and utility services; key ongoing projects include Sushant Golf City in Lucknow, Sushant Taj City in Agra, Ansal Shopping Arcade and Zenith Towers in Lucknow, Sushant City in Kundli and Ajmer, and Ansal Plaza in Greater Noida and Ludhiana. Ansal API operates primarily in northern India, spanning Delhi-NCR, Uttar Pradesh, Haryana, Punjab, and Rajasthan, targeting urban and tier-II city markets with a focus on hi-tech townships, affordable housing, and mixed-use developments. Founded in 1967 and headquartered in New Delhi, the company maintains numerous subsidiaries, including wholly owned entities like Ansal API Infrastructure Limited and Ansal API Affordable Homes Limited. In February 2025, the National Company Law Tribunal initiated the Corporate Insolvency Resolution Process (CIRP) against Ansal API, appointing Navneet Kumar Gupta as Interim Resolution Professional amid ongoing creditor committee meetings and transaction audits; recent developments include Medanta hospital construction starting in its Lucknow township in 2024 and Walmart's bulk marketplace becoming operational there in 2023.