Hit by slowdown in the IT sector, realty firm Ansal Properties & Infrastructure is mulling over converting three out of four of its notified IT Special Economic Zones into residential projects.
The company will take a decision to apply for de- notification and converting the three IT SEZs, which have already been put on hold for the last 8-9 months, by the end of this year.
We have four notified SEZs, of which three are IT SEZs. We are not developing these as there is no demand right now… For the last 8-9 months, these are on hold, Ansal API Vice-Chairman and Managing Director Pranav Ansal told reporters.
Moree : business-standard.com
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