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New Delhi, Aug. 20

Real estate company Ansal Properties & Infrastructure Ltd has signed an agreement with IL&FS Investment Managers Ltd (IIML), the private equity arm of IL&FS, to develop township and IT SEZ in Gurgaon. Under the project, a township and IT SEZ in Gurgaon spread over 11 million sq ft of office and residential space would be constructed at an investment of $125 million. The project is eyeing a turnover of over $1 billion over the next five-six years. —

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