When contacted, an Ansal API spokesperson declined to comment stating that it's an internal matter. According to the report, the company has a land bank totaling around 6,200 acres. The company's debt equity ratio at present is 1:1. Its land bank includes around 25 projects spread across National Capital Region, out of which 12 are being developed through joint ventures.

Meanwhil,e Ansal API on Monday posted a net profit of Rs 32.70 crore, up 300% against the same period of the previous fiscal. The company's consolidated revenues increased 32% to Rs 280 crore from Rs 211 crore recorded in the year-ago period. Ansal also saw its Ebidta margin increase by 787%. The rising demand in the residential housing segment, coupled with launches of new projects, helped APIL achieve better financial performances in the just concluded quarter. Ansal API vice-chairman and managing director Pranav Ansal said that the reason for the increased performance during the October-December period should be attributed to the company's strategy to focus on the mid-income and affordable housing segments in the residential realty sector.

Ansal API has lined up a series of new project launches . The new projects will include new township/group housing projects in NCR, Haryana, UP and Punjab, retail (mall) projects in Punjab and industrial park and IT SEZ projects in NCR, Haryana and Punjab.