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APPENDIX 3 - Raheja Haryana SEZ Developers Pvt. Ltd. RAHEJA SEZ IN GURGAON

Published online by Cambridge University Press:  05 March 2012

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Summary

Project Details

Total Area : 2000 Hectares (20,234,300 sq. meters)

Processing Area : 500 Hectares (5,058,570 sq. meters)

Non-Processing Area : 1500 Hectares (15,175,711 sq. meters)

Processing Area: 700 Hectares

Textile: 25%

IT/ITES: 10%

Auto: 20%

Food Processing: 10%

Biotech: 15%

Gems & Jewelry: 5%

Others: 15%

Non-Processing Area: 1300 Hectares

Residential: 50% Sports & Rec.: 5%

Commercial: 25% Education: 3%

Hospitality: 10% Health: 2%

Other: 5%

Modes of Investment

As a Equity holder.

By Leasing of Land.

By a Collaboration Agreement.

As a Co-developer.

Secured Loans

Existing SPV can issue shares in lieu of current valuation to any person.

Land owner to be allotted proportionate share in SPV.

Equity holder can be given exit clause, by selling his share to SPV.

Revenue out of SEZ operation to be shared in terms of holding in SPV.

As an Equity Holder

Raheja can acquire land from owners by way of lease agreement for minimum period of 20 years. At any point of time lease or possession can be encashed for an agreed consideration. Consideration can be in the form of portion of built-up area. Lease can be with individuals, association of persons, company or a society or any other legal body being a conglomeration of land holders.

Type
Chapter
Information
Special Economic Zones in India
Myths and Realities
, pp. 188 - 190
Publisher: Anthem Press
Print publication year: 2008

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