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Ansal shifts its program to Agro SEZ

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A change of plans for the Ansal has been observed as they have shifted their minds of constructing a SEZ at the National capital to an agro and food processing SEZ in Murthal in Haryana. According to the source available with the www.propertykhazana.com, the main reason of shifting arose from the low demands of commercial realty criteria in the capital area. Murthal project is to cover up around 250 acres of land in Haryana. Apart from this company is also gearing up for a biotech park of 80 acres at the capital of Uttar Pradesh with around 42 biotech firms for the investment of Rs 1000 crore and it might get operational by 2011.
Source of www.propertykhazana.com also reveals that the company will be selling its plots to cover up the expenses and it has already signed a Memorandum of understanding with five exporters of rice which will be yielding a sale of approximately Rs 700 crores initially. Earlier Ansal Company had delayed the projects hinting the reason of approval and same case was with DLF who also adjourned their IT SEZ projects looking to the slump of the selling market and made the launch of Capital Greens.
The sole reason of shifting the residential launch of Capital Greens instead of IT SEZ was undoubtedly the demands and the company was hundred percent right at their decision as both the phases got sold with in very short hours of launching. In the case of Ansal, the company has many tie ups for the agro SEZ project and wave is tending towards the agro rather than in IT for the current market. This agro SEZ is mainly focused on the Basmati rice, cereals and dairy products with advance means of storage and test labs. For more and latest real estate updates visit www.propertykhazana.com.
Source: NBTVLIVE

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