Real estate news on Ansal to develop IT SEZ in Greater Noida

Builders/ Developers, SEZ, Delhi-Greater Noida, Ansal Properties & Infrastructure (AnsalAPI)
Posted on May 19, 2014
May 19, 2014

Realty major Ansal Properties and Infrastructure will be in vesting Rs 130 crore over the next three years for the development of a 75-acre IT Special Economic Zone (SEZ) in Greater Noida, according to reports.

The plan was initiated in 2006, but the company went slow on the project on account of economic slowdown. However, with the stable government all set to take charge at the Centre under the leadership of Narendra Modi, the company has decided to revive the plans.

The company will be boosted further as the SEZ will be connected to the Yamuna Expressway and NIIT is also setting up its unit in the zone.

According to company sources, two units have already started operation in the zone and the company is keen on ensuring that at least 10 units start functioning during the current fiscal.

About 65 per cent of the area in this SEZ has been kept for processing zone and another 35 per cent for the non-processing zone. Ansals has land reserves of about 10,000 acres.
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