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Ansal API to Invest Rs 3600 Cr. on IT SEZs/Park|
- By CXOtoday Staff, Aug 20, 2008 1652 hrs IST
- Tags : Ansal API, IT SEZ, IT park
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Real estate developers -- Ansal Properties and Infrastructure Ltd. (Ansal API), is planning six IT SEZs/IT Parks at an estimated total investment of Rs 3600 crore. The project will be completed in five to seven years, according to a press statement.
The company currently has approval for setting up IT/ITeS SEZs in Greater Noida, Gurgaon, and Mumbai. The total area to be developed under the scheme is approximately 270 acres, with built-up area of about 17 million sq. ft.
The SEZs will be located close to IT companies, expressways, and airports. They will consist of an IT Zone (processing area), a commercial zone (non-processing), a residential zone and a recreational area.
Pranav Ansal, vice chairman and MD of Ansal API said, "These SEZs are aimed at growing IT and ITeS companies who want to set up centers in adjoining areas of Tier-1 cities in view of the global economic pressure to reduce costs and maximize returns."
Related links:
New SEZ Campus in Bangalore for Global Operations
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