Ansal Properties to develop school properties

Ansal Properties & Infrastructure Ltd has informed that the Company has entered into a tripartite agreement with M/s. Edu Infrastructure Pvt Ltd, {Edu}, a subsidiary of M/s. Educomp Solutions Ltd and M/s. Knowledge Tree Infrastructure Ltd — its associate Company.

As per the agreement the Company and / or its associate would construct / develop the school properties in the various residential townships of the Company and lease it out to the school operators for operating and managing the schools. Edu shall have the right to take minority interest in the associate.

The agreement is expected to enable the Company to leverage the experience of M/s. Educomp to emphasize the education in its residential colonies.