The company has already launched the 225-acre project – Ansals Suvarna Vilas -at Shahpur in Thane, near Mumbai. The project would be developed in phases with the first phase of 25 acres expected to complete within two years, the filing added.
“In all Ansal Suvarna Vilas will have over 500 Thai style villas with an expected turnover of Rs 400 crore,” Ansal Housing Construction said in a filing to the Bombay Stock Exchange (BSE).