Press Esc to close
Friday 01 August 2014
News updated at 2:51 AM IST
Weather
Max: 28.4°C
Min : 20.2°C
In Bangalore
Generally cloudy

UCP plans to sell IT SEZ for Rs 2,800 cr

New Delhi, Jul 14, 2013, PTI :

 Unitech Corporate Parks, a Unitech group firm listed in London, is planning to sell its IT Special economic Zone (SEZ) in Gurgaon comprising about 3.5 million sq ft of office space for about Rs 2,800 crore.

Unitech Corporate Parks (UCP) — listed on the London’s Alternative Investment Market (AIM) and formed to invest in commercial real estate of India — has 60 per cent stake in the Gurgaon SEZ. Unitech has remaining stake in the SEZ.

According to sources, UCP is looking to sell the Gurgaon SEZ and has given themandate to property consultant Jones Lang LaSalle India to find out potential buyers.


The valuation of the deal is expected to be around Rs 2,800 crore, sources sai
d.An Unitech spokesperson declined to comment.

Go to Top

Photo Gallery
Vikas Shive Gowda of India throws the discus in the men's discus final...

Vikas Shive Gowda of India throws the discus in the men's discus final...

Babita Kumari of India holds up her gold medal as she poses for photographs...

Babita Kumari of India holds up her gold medal as she poses for photographs...

A diver is seen underwater during a practice session at the 2014 Commonwealth Games...

A diver is seen underwater during a practice session at the 2014 Commonwealth Games...

Palestinian firefighters inspects the damage of a destroyed milk factory...

Palestinian firefighters inspects the damage of a destroyed milk factory...

NDRF personnel with a body of a victim of landslide at Malin village...

NDRF personnel with a body of a victim of landslide at Malin village...

Abhisekh Bachchan with singer Usha Utthup cheers his team during Pro Kabaddi League match...

Abhisekh Bachchan with singer Usha Utthup cheers his team during Pro Kabaddi League match...

South Africa's Rhett Halkett in action against India's Chandanda Nikkin in CWG 2014...

South Africa's Rhett Halkett in action against India's Chandanda Nikkin in CWG 2014...

Abhisekh Bachchan greets his team players after Pro Kabadi League match win against Telugu Titans...

Abhisekh Bachchan greets his team players after Pro Kabadi League match win against Telugu Titans...

India's Yogeshwar Dutt celebrates after winning the Gold Medal in CWG 2014...

India's Yogeshwar Dutt celebrates after winning the Gold Medal in CWG 2014...

India's Navjot Kaur celebrates after winning a bronze medal against Scotland's Sarah Jones during...

India's Navjot Kaur celebrates after winning a bronze medal against Scotland's Sarah Jones during...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523