Ansal API to invest Rs36bn in IT SEZs/ Parks
Ansal Properties & Infrastructure Ltd a leading real estate developer in India, has announced a total investment of about Rs36nm in their soon to be launched IT/ITES SEZs/Parks, Ansal API is one of the first developers in India to obtain notification for setting up of IT/ITES SEZs in the country.
The company currently has approval for setting up IT/ITES SEZs in Greater Noida, Gurgaon and Mumbai. While the IT SEZs have been branded as The Campus, the IT Parks have been christened Net City.
Construction, for some of the projects has already commenced and they are expected to be completed in the next five to seven years.The total area to be developed Under the scheme would be approximately 270 acres with built-up area of about 17mn sq.ft. Strategically located close to IT companies, expressways and airports, these SEZs will offer immense value to IT/ITES companies in the area besides contributing to its development. Based on the walk-to-work culture, the proposed SEZs will consist of an IT Zone (Processing area), a commercial zone (non-processing), a residential zone and a recreational area.
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