L&T, Arun Excello launch SEZ
Larsen and Toubro and Arun Excello Infrastructure Pvt Ltd on Thursday announced the launch of "Estancia IT SEZ", a first of its kind integrated project.
By PTI |
CHENNAI: Larsen and Toubro and Arun Excello Infrastructure Pvt Ltd on Thursday announced the launch of "Estancia IT SEZ", a first of its kind integrated project.
Estancia IT SEZ has been notified and all the IT/ITeS companies choosing to locate within this IT SEZ will get exemptions on taxes and duties, P Suresh, Managing Director of Arun Excello told a press conference.
The project coming up at Vallancheri, on the outskirts of the city, will have a total built up area of 2.70 million sq ft, spread over eight blocks, ranging from 2.5 lakh sq ft to 4.50 lakh sq ft and would be completed in two phases, K Venkatesh, Executive Vice President, L&T said.
Construction of the first phase is expected to begin in August end this year and would constitute 1.5 million sq ft, he said.
"The first phaseshould be completed in 18 months. We might start the second phase during the 16th or 17th month of the first phase depending on the demand," he said.
The whole project is expected to be completed in three to 3.5 years, he added.
Estancia IT SEZ has been notified and all the IT/ITeS companies choosing to locate within this IT SEZ will get exemptions on taxes and duties, P Suresh, Managing Director of Arun Excello told a press conference.
The project coming up at Vallancheri, on the outskirts of the city, will have a total built up area of 2.70 million sq ft, spread over eight blocks, ranging from 2.5 lakh sq ft to 4.50 lakh sq ft and would be completed in two phases, K Venkatesh, Executive Vice President, L&T said.
Construction of the first phase is expected to begin in August end this year and would constitute 1.5 million sq ft, he said.
"The first phaseshould be completed in 18 months. We might start the second phase during the 16th or 17th month of the first phase depending on the demand," he said.
The whole project is expected to be completed in three to 3.5 years, he added.
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