BPTP to inject Rs 4,150 cr in developing SEZs

New Delhi, Jan 4 (UNI) Real estate developer BPTP Group will invest about Rs 5,000 crore in developing special economic zones (SEZs) across the country which are expected to be operations in the next two years.

The Group has recently received approval from BoA to develop the 27 acres SEZ in Gurgaon, 54 acres in Faridabad, besides approval from UP government for 25 acres in Noida and 100 acres in Greater Noida where the investment is envisaged.

BPTP has also acquired 30 acres plot for about Rs 666 crore in Hyderabad making a total investment of about Rs 5,000 crore, a statement said.

''It will cater to the need of the IT companies intending to set up their facility in North India in the next two years when these facilities would be up and running,'' Group MD Kabul Chawla said.

BPTP is developing a residential township spread over about 1,500 acres in Faridabad and has acquired lands in Gurgaon, where its current construction projects are going on.

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