Maytas to Set up 3 SEZs in Hyderabad

Hyderabad, India (PressExposure) July 20, 2008 -- Maytas Properties will be investing Rs 2,500 crore in the development of its first IT/ITes special economic zone (SEZ), which will come up at Bachupally in Hyderabad.

The developer has already signed up with Wells Fargo India Solutions, a subsidiary of the US giant, as the first client for the SEZ. The SEZ, spread over 74 acres, will be a part of a 400-acre township called the ‘Maytas Hill County'.

"The construction will be in 5 phases. The first phase is expected to be completed by October to December 2009. The total built-up area at the end of the first phase will be 1.3 million sq. ft," chief executive officer Mr K. Thiagarajan said.

The completed SEZ will have the capacity to house 80,000 employees, he added. The Hyderabad real estate infrastructure company, backed by the promoters of Satyam Computers, has two other SEZ projects lined up in Hyderabad. The projects would come up at Mysammaguda and Gopanpally and would be spread over 35 acres and 39 acres respectively, with a total built-up area of 9 million sq. ft. Maytas Properties has also bought land in Bangalore, Chennai, Vijaywada and Vishakhapatnam. "For now, our focus remains in the states to the south of the Vindhyas. But we are not averse to working in north India," Thiagarajan said...

For Latest Real Estate News and Articles: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News

At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.

We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)

For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/

About maaproperties

Mahendra Varma has 3 years experience in writing articles; he is currently working as web analyst in http://www.maaproperties.com

Press Release Source: http://PressExposure.com/PR/maaproperties.html

Press Release Submitted On: July 19, 2008 at 1:48 am
This article has been viewed 9988 time(s).