Maytas Properties Limited is a property development company based in Hyderabad and on Thursday, July 17, it launched its very first IT / ITeS special economic zone (SEZ) at Maytas Hill County. This Special Economic Zone is spread over an area of 74 acres and will offer a walk-to-work lifestyle besides the flexibility to opt for built-to-suit solutions. The SEZ would include both independent as well as multi-tenant residences apart from supporting the firms’ future expansion plans.   

Sanjay Chawla, business head (commercial and SEZ), Maytas Properties, said on Thursday that in the coming eight to 10 years, the company was going to spend Rs 2500 Crore in the SEZ project with a debt-equity ratio of 70:30. He also mentioned that it was by the end of 2009 that the first phase of the SEZ project, involving a built-up area of 1.3 million square feet, would get completed. The Maytas Properties Limited has readied a completely functional 60,000-sft incubation space for early occupation.