Ansal Properties To Invest Rs 3,600 Cr In IT SEZ

Real estate major Ansal Properties and Infrastructure announced that it has decided Ansal Properties To Invest Rs 3,600 Cr In IT SEZ  to invest Rs 3,600 crore for developing a 270-acre IT Special Economic Zone and parks in India.

A statement issued by Ansal properties informed that this 270 acre SEZ would have an IT zone, residential zone and a recreational area.

Pranav Ansal, Ansal API Vice-Chairman and Managing Director reported, “These SEZ are aimed at growing IT and ITES companies who are choosing to set up centers in adjoining area of Tier I cities in view of global economic pressure to reduce costs and maximize returns.”

The names of the IT SEZ and IT Park developed by the company will be ‘The Campus’ and ‘Net City’ respectively.

For setting up the IT or ITES SEZs, the Ansal Properties has got approval in Greater Noida, Gurgaon and Mumbai.