News & Views on Indian Real Estate

Wednesday, August 27, 2008

Ansal and Raheja plan to develop SEZs to fight Realty Slump

Realty developers, Ansal API and Raheja Developers are pursuing special economic zones plans to tide over the gloom in the realty sector. While Ansal is planning to develop six infotech SEZs across three states, Raheja is developing north India’s first engineering SEZ in Haryana. The four SEZs by Ansal would be located in Greater Noida, Gurgaon, Lucknow and Khopoli in Maharashtra. Meanwhile, Rahejas' engineering SEZ will accommodate complexes for light and medium engineering goods exporters and will have approximately 7 million sq ft of residential area.

Aurangabad property said...

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