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Kumar Urban Development to Build Rs 1000 cr IT SEZ in Pune.


Date: 30-09-2010
Subject: Kumar Urban Development to Build Rs 1000 cr IT SEZ in Pune
Developer Kumar Urban Development Limited (KUL) is setting up an IT Special Economic Zone (SEZ) project in Pune with a proposed total investment of Rs 1000 crore.

The company will invest about Rs 400 crore in the first phase of the project, christened as Cerebrum IT SEZ, which is coming up near the first phase of Rajiv Gandhi Info Tech Park, popularly known as the Balewadi Silicon Valley.

"We are in receipt of all necessary clearances, including layout and environmental, for Cerebrum IT SEZ. We will soon start the work on the project," Mr Lalitkumar Jain, Chairman and Managing Director of KUL, said.

According to a press release issued by the company here today, the project is expected to provide employment about 18,000 people.

The project is the first tech park in India to achieve the Leadership in Energy & Environmental Design (LEED) Platinum rating for commercial buildings and only the sixth in the world to get the distinction, it said.

The release said KUL had ensured that the green building principles were adhered to at every stage and sensitivity towards environment had been an integral part of the design. "It will have an ideal living environment with lush green surroundings and aesthetically designed landscaping features. True to our tradition, we will protect the natural topography to preserve the existing beauty while developing the ideal IT destination," Mr Jain said.

In the first phase, about 1.8 million sq.ft, will be developed, of which 400,000 sq.ft is expected to be operational by the third quarter of 2011. It will target IT and ITES companies across the world.

The release said the project would have two gardens, and rooftop amenities on each tower will include an auditorium with cafe lounge, business centre, spa, yoga centre, swimming pool and restaurants.

The SEZ is located 23 km from the Pune airport, 18 from the city railway station and 145 km from Mumbai on the expressway.

Source : netindian.in

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