Prajay Eng to build over 1.35 mn sq ft IT SEZ

Delhi, May 26 (UNI) Prajay Engineers Syndicate Ltd today announced it will commence work on a state-of-the-art Information Technology Special Economic Zone (SEZ) at Nacharam, Hyderabad in July with profit expectations of Rs 95 crore.

The capital outlay for Prajay Techno Park is expected to be Rs 225 crore, and the project is expected to yield Rs 415 crore in revenues over the next 30 months.

The SEZ named Prajay Techno Park will have over 1.35 million square feet of built up IT space and will offer a plug-and-play facility to IT companies with all contemporary amenities.

The company is appointing internationally reputed consultants for all services such as architecture, project management, landscaping, building management systems and other allied facilities, said a statement from Prajay Engineers.

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. Prajay Engineers is already in advanced discussions with three multi national corporations towards contracting 60-70 per cent of the total built up space.

Commenting on this development, Prajay Engineers Syndicate Ltd Director, Mr Ravinder Reddy said, ''With Hyderabad being an acknowledged IT hub, we want to give the companies setting up base here an international ''experience.'' UNI ARB YA DB2102