Ansal API to invest Rs36bn in IT SEZs/ Parks in Greater Noida, Gurgaon, and Mumbai


By Nikhil IAS, Section Noida Real Estate Property
Posted on Tue Aug 19, 2008 at 10:25:30 PM EST

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`

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.

Speaking on the occasion, Pranav Ansal, Vice- Chairman and Managing Director, Ansal API said, “We are extremely delighted to announce our expansion into West India with the launch of IT SEZ ‘The Campus', Khopoli. These SEZs are aimed at growing IT & ITES companies who are choosing to set up centers in adjoining areas of Tier- 1 cities in view of the global economic pressure to reduce costs and maximize returns. Ansal API SEZs will offer them the best value for money."

These SEZs will be equipped with all modem amenities like 100% power back-up, professionally managed 24X7 facility services, central air conditioning etc. Special attention has been given to the architecture in order to maximize space utilization. Large and efficient floor plates, lesser columns and high ceiling height and ample car parking space are some of the other features that will be offered to customers. These SEZs / Parks will also endeavour to adhere to energy efficient building practices. Earlier in the year, Ansal API announced Haryana's first private Integrated Industrial Park Pioneer spread over 100 acres at Pathredi in Gurgaon.

Source: www.indiainfoline.com, Ansal API to invest Rs36bn in IT SEZs/ Parks

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