Realty major Ansal would invest Rs 300 crore in setting up an industrial park spread over 45 acres, at Ludhiana in Punjab. The park is expected to be operational by early 2012.

The land has already been acquired and the project will start soon. The investment of Rs 300 crore will be entirely funded from internal accruals, said Ansal API chief operating officer Deepak Sachdeva.

Located in the vicinity of Ludhiana railway station, Hampton court Business Park will only house eco-friendly industrial units from a range of sectors such as IT, apparel, auto, cycle, electrical goods and sports goods.

The project aims to cater to the city new generation of entrepreneurs to upgrade their manufacturing facilities to a sophisticated, international business environment, he said.

Ludhiana is a hub for textiles, hosiery, hand tools, cycles, sewing machines and auto parts. Ansal API is looking to develop the entire infrastructure, providing common services in the complex. The individual units would further be left to the choice of acquiring plots of different sizes to put up their respective units.

However, individual units might have to follow certain specifications as per the master plan, Sachdeva said. The business park would also offer wi-fi facility and have integrated facilities for management systems, loading and unloading.

Following the global economic recession, the real estate sector plunged into a deep crisis. Things, however, started looking up by the third quarter of 2009. Hampton court Business Park would be Ansal API’s first launch of commercial project since early 2008 when the Delhi-based firm had announced the launch of an industrial park in Gurgaon.

Popularity: 1% [?]