Prajay Engineers to begin work on Hyderabad IT Park in July

Mumbai, May 25 (UNI) Prajay Engineers Syndicate will commence work on the Prajay Techno Park, its Rs 225-crore state-of-the-art Information Technology Park at Hyderabad, in July this year.

The project, expected to yield Rs 415-crore in revenues and Rs 95-crore in profits over the next 30 months, will be spread over 1.35 million square-feet of built-up IT space, offering a plug-and-play facility to IT companies with all contemporary amenities, the Company informed the Bombay Stock Exchange (BSE) through a communique today.

Prajay is appointing internationally reputed consultants for all services such as architecture, project management, landscaping, building management systems and other allied facilities.

Prajay Techno Park will have a large floor plate of almost 45,000 square-feet, ideal for multinational and large IT companies looking to set up or expand operations in India.

The communique said the Company is already in advanced discussions with three multi-national corporations towards contracting 60-70 per cent of the total built-up space. Besides, Prajay Techno Park will also have a ready to use incubation space for start-up companies.

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