Maytas Hill County SEZ, the first IT/ITES SEZ of Maytas properties, a property development company headquartered in Hyderabad, has been launched.
The company is planning to build two more IT and ITES SEZs, each at Gopannapally and Gundlapochampalli. Coming up in a 74-acre plot at Bachupalli with an investment of Rs 2,500 crore, the Hill County SEZ will have a total built-up area of about 8 million square foot.
The first phase of the project bringing in 1.3 million square feet of built-up area will be ready for occupation by Oct-Dec next year and the company had already signed its first client, Wells Fargo & Co, US, in its incubation center, the first building coming up in the SEZ.
The total incubation space will be 60,000 square feet out of which the first client will have one-fourth area. The entire project to be taken up five phases will take 8-10 years to complete.
Maytas Properties CEO K Thiagarajan said that all the SEZs of the company would have adjoining integrated townships and promote walk-to-work, walk-to-shop and walk-to-restaurant concepts to avoid long commutes to work places and provide more time to spend with family.
Further he said that the Maytas Hill County township, of which the SEZ is a part, offering apartments, villas, retail spaces and entertainment infrastructure, educational spaces, hospitality and medical facilities is fast coming up. Some of the dwelling units are ready for occupation.
On the affordability of living spaces in the township to lower-rung IT staff, the CEO said that the township would have various types of accommodation, including service apartments and rooms.