One of our more recent initiatives is in developing Special Economic Zones (SEZs). Being designated an SEZ provides tremendous tax benefits to the companies located in them, as well as input cost benefits for extended periods of time. The tax breaks available under the SEZ scheme include Service Tax waiver, VAT waiver and Income Tax Exemption to name a few.

For more details on SEZs and their benefits, please click here.

Covering over 70 acres, this will be one of Pune’s finest IT business parks. Designated as a SEZ, Techzone’s SEZ area will be 52 acres, while the rest of the development will house non-SEZ activities. The development has been designed to implement a number of ‘green’ strategies, including an integrated wastewater treatment plant while conserving and utilizing the natural streams running through the site. The world-class office buildings, totalling 5.5 million sft, are oriented to maximize views of the woods and streams surrounding the development. The IT park also has a state-of-the-art training centre.

The campus is supported by a number of facilities and related uses including a hotel, service apartments, food courts and retail stores. Phase I of the project comprises of 520,000 sft of built space in 2 blocks of 20,000 sft each, operational and occupied by IBM. The project is to be completed in 2009.