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Uppal Group to pour Rs 8,000 crores for SEZs development

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Uppal Group is proposing to invest about Rs. 8,000 Crores in the coming 5 years to develop 4 SEZs and two hotels in North India. Delhi based conglomerate have already taken the notification for two SEZs in Gurgaon, as it has obtained the official acquiescence for 2 SEZs intended in Uttar Pradesh. Uppal CEO Gain Bansal said to www.propertykhazana.com that, “Infrastructure operation will commence on 263 acres multi-service SEZ in Gurgaon where we will develop 22 Million Sq.ft in diverse stages. The expenditure of the SEZ venture, comprising property is around Rs. 5,000 Crores and the venture will be ended by 2013. One more SEZ construction work in Gurgaon is likely to take off in couple of months,” he added.
Uppal is proposed to build up two more SEZs in Uttar Pradesh for about 26 acres of property each. Construction work of both the SEZs in Noida and the other one in Greater Noida will begin in five months. Bansal said to www.propertykhazana.com that, “We are developing an IT/ITes SEZ in Gurgaon stretched in about 87 acres of property with leasable area of 9 Million Sq.ft. Venture will cost about Rs. 1,500 Crores and will be executed in coming three years.
Source: NBTVLIVE

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