Bhagyanagar India to setup IT park in Hyderabad

Bhagyanagar India Ltd has announced that the Company has finalized plans to set up an IT park at Hyderabad with a total outlay of about Rs 120 Crores and with a built up area of 800,000 sft in 6 acres of plot, out of 12 acres. The Company has sold the balance 6 acres of land to M/s. Himadri Enterprises Pvt Ltd, Mumbai. The proceeds of this sale will be used for constructing the IT Park, which would include a shopping center and Entertainment Complex.

The Company has also commenced work on the hardware park and residential projects near Hyderabad.

Source : Equity Bulls

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