Uppal Group, a real estate company is investing Rs. 800 croers in UP. They have received a formal approval for two IT SEZs (Special Economic Zones) in Noida and another in Greater Noida; the notification is under process. Both the IT SEZs will be constructed on 26 acre of land. The construction work will start probably in next five months. The funds for the projects will be managed through the internal accumulation, debts and private equity, Uppal CEO Mr. Gian Bansal has confirmed the information.

The group is also planning to come up with a group of hotels and IT/ITES SEZs in Gurgaon. The group has the total budget of Rs. 8000 croers for all the projects jointly.