Kumar Urban Development plans to take up an IT SEZ project in Pune in
Maharashtra.
The proposed IT SEZ project is likely to be developed on 13.5 acre in the
Phase I of the Rajiv Gandhi Infotech Park at Hinjewadi. The project is to be
developed in phased manner at an investment of Rs 1,000 crore. All clearances
for the proposal have been secured. Besides, another 13.5 acre has been
earmarked as non-processing at the same location.
In the Phase I, the company is likely to invest about Rs 400 crore. Under
this phase, about 1.8 million sq ft is likely to be developed, of which four
lakh sq ft is slated to be operational by Q3 of 2011.
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