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SEZ no more interest for realty majors

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The most flavored SEZ of last year has become one of the least bothered segments by major realty players of the country. With in this very recent time a number of SEZs have been surrendered by the leading realty brands despite having the full pledge support of the centre for its construction as per the sources reported at www.propertykhazana.com.
Lately it was also found that on a closed door meet of the govt. experts, a number of the Special Economic Zone is busy scheduling their tags for de – notifying few of the applicants soon after the completion. Among the de-notification applicants realty leader DLF has four which includes 25 acres at Sonepat, Kolkata, Bhubaneswar and one at the state of Gujarat as added on www.propertykhazana.com. Almost same case with Mumbai based Raheja group who cited the down fall of IT and hence break down on Indian economy and further to country’s realty segment.
Suresh Raheja has recently made application for de notification for its IT/ITES SEZ covering a land mass of 50 acres at Navi Mumbai and another one with 30 acres at the same vicinity. Source reported at www.propertykhazana.com reveals that the company has already merged for the land bank selling and recently made a successful sale deal of their Wallace floor mills at Mazgaon to cover up the loss. Along with this the company has also applied for de notification of their SEZ at few other unnamed SEZ to the govt. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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