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Realtors sniff scope in SEZs |
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8/29/2008 1:26:31 AM
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Description
Leading real estate players Ansal API and Raheja Developers will invest over Rs 8,000 crore in special economic zones (SEZ).
While Ansal API plans to invest Rs 3,600 crore in developing six IT special economic zones and parks spread over 270 acres, Raheja Developers will invest about Rs 4,500 crore to develop an engineering SEZ in Gurgaon over the next three to five years.
A higher profit margin is encouraging developers to turn to SEZs from housing projects.
Ajit Krishnan, an analyst with Ernst and Young, said, SEZs would position the country as a global manufacturing hub and these projects would help strengthen the infrastructure base. |
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