Ansal Properties and Infrastructure Ltd. (ANSAL API) a leading real estate developer in India, today announced a total investment of about Rs 3,600 crores 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 Company has entered into a JV with ILF&S which will hold 49% stake and the balance will be with APIL for the SEZ project in Badshahpur (near Gurgaon). IL&FS has as yet invested Rs 160 crores in the SEZ and its contribution will go up once the SEZ starts getting constructed and expand.

The second FDI pertains to the Greater Noida SEZ where HDFC Property Venture Fund has invested 33%.

The company is planning to invest Rs 1,000 crores, with the remaining Rs 1,000-2,000 crores being generated through debt and equity.

The total area to be developed under the scheme would be approximately 270 acres with built-up area of about 17 million 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, Mr 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’, Khapoli. 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 modern 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 practises.

Earlier in the year, Ansal API announced Haryana’s first private Intergrated Industrial Park – Pioneer — spread over 100 acres at Pathredi in Gurgaon.

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