DSKDL, GTC to jointly invest $1 bln for SEZ in Pune

New Delhi, Jul 4 (UNI) D S Kulkarni Developers Ltd (DSKDL) today said it has signed an agreement with the Netherlands Kardan Group's GTC Cyprus (GTC) for developing special economic zone (SEZ) in Pune with about one billion dollars investment.

GTC Cyprus (GTC) will infuse about 90 million dollars in a phased manner against its stake in a 50:50 joint venture in the 250 acre multi-service SEZ in Pune, a statement said.

The total build-up area of the project is estimated to be more than 15 million sq ft, it added.

Kardan Group has real estate projects in Western, Eastern and Central Europe and China.

UNI MP SBA RN1606