Govt approves land for STZA
Area to be used for setting up technology zone to boost IT sector
Initially, one each Special Technology Zone is to be set up in Islamabad, Lahore, Haripur, Karachi and Quetta. PHOTO: REU-TERS
ISLAMABAD:
The government has approved the transfer of 150 acres of land to the Special Technology Zone Authority (STZA) for setting up a special zone for technological advancement in Islamabad in a bid to boost the IT sector.
The Capital Development Authority (CDA) has identified the land for establishing the technology zone.
The Cabinet Division said that the STZA had been established under the STZA Ordinance 2020. The authority has been mandated to set up Special Technology Zones (STZs) across Pakistan. Initially, one STZ each is to be set up in Islamabad, Lahore, Haripur, Karachi and Quetta.
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Migsun Group acquires Ansal IT City Park in Greater Noida
In a regulatory filing, real estate firm Ansal Properties & Infrastructure Ltd has said that it has agreed to sell its entire 66.24 percent stake in IT SEZ in Greater Noida to Migsun Group.
Workers erect scaffolding at the construction site of a metro station in Greater Noida on the outskirts of New Delhi, India, September 30, 2015. India s annual infrastructure output growth picked up in August to 2.6 percent from a year ago, mainly driven by higher cement and electricity generation, government data showed on Wednesday. REUTERS/Anindito Mukherjee - RTS2EK8
The Delhi-NCR-based Migsun Group has announced the acquisition of HDFC and Ansal Properties & Infrastructure Ltd s stake in Ansal IT City Park (SEZ) Tech Zone, Greater Noida and plans to develop the 37.5 acre mixed-use project.
Migsun
Migsun Acquires Stakes of HDFC and Ansal API in 37.5 Acre Ansal IT City Park, Greater Noida ANI | Updated: Dec 31, 2020 13:33 IST
New Delhi [India], December 31 (ANI/NewsVoir): Migsun Group, one of the names in Delhi NCR real estate to reckon with, has announced acquisition of HDFC and Ansal s stake in Ansal IT City Park (SEZ) Tech Zone, Greater Noida. The group now plans to develop the 37.5 acre mixed-use project with Commercial, IT, and Industrial. With the latest announcement, Migsun Group will have 100 percent stake after acquiring HDFC s 37% stake and the rest of Ansal API.
Strategically located the project with roads on three sides of the project. Giving details about the newly acquired project, Yash Miglani, MD, Migsun Group, said, The project will have 50% IT/ITeS offices, 15% industrial, and 15% commercial. We are committed to make Noida a commercial hub; the new project is in line with our endeavour to provide world-class r
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