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Kumar Urban Development plans IT SEZ in Pune

Saturday, 18 Sep 2010
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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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