Ascendas to buy IT SEZ Blue Ridge Phase II for Rs 640 crore

Ascendas India Trust has decided to buy IT-related special economic zone BlueRidge phase II in Pune, Maharashtra.

The deal for Hinjewadi’s under construction property, which has built space 1.5 million sq. Ft, around Rs 640.5 crore, the trustee manager of Ascendas India said to the media.

BlueRidge Phase II will have three building with about 1.5 million sq ft of built up area and expected to be completed by the second half of 2015, Ascendas India members said.

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