Financial Daily from THE HINDU group of publications
Monday, Nov 22, 2004

Cross Currency

Group Sites

Industry & Economy - Real Estate & Construction

Raheja Corpn bags mandate for AP IT park, gets land

Our Bureau

Hyderabad , Nov. 21

K. RAHEJA Corporation, the Mumbai-based integrated property developer, has bagged the mandate for an IT park proposed by the Andhra Pradesh Housing Board (APHB) in the public-private partnership model amid stiff competition.

Following this development, APHB will allot 106 acres at Pocharam village adjacent the Singapore township coming up near the city.

This will have facility to host about 25,000 persons and the park is expected to complement both the Singapore township and the IT infrastructure of the city.

APHB selected Raheja Corporation through a bidding process for setting up the park in the Singapore city and sent the proposal for approval to the State Government.

The Government has accorded approval to the company being chosen as the bidder.

Raheja Corporation is currently engaged in development of a major technology campus adjacent the Hitec City in Madhapur. It has been developing built to suit properties for various IT companies.

Bank of America through its associate Continuum, and Qualcomm are among the companies that have chosen to locate their centres at Raheja Mindspace.

When completed, Raheja Mindspace would see total investment of about Rs 1,200 crore in infrastructure spread across over 110 acres.

More Stories on : Real Estate & Construction | Andhra Pradesh

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Chambers' surveys find manufacturing sector buoyant

AP to seek alternate sources if World Bank refuses loan
`Proposals worth Rs 4,000 cr negotiated at M.P. Invest Meet'
`Parliamentarians must address issues of deprived sections'
Kamal Nath to attend SAARC Ministerial meet in Islamabad
AIDS draft law to stress on non-discrimination at work place
GSPC to go for second rig at K-G basin
DCGI for caution label on Cox II drugs
ICICI Knowledge Park plans another expansion — Third phase to be ready early next year
TUFS cell to help textile units' modernisation in Coimbatore
2-day summit on SMEs from tomorrow
Surprises for CAT exam students this year too
Rotary Club(Madras) to help HSBC spot schools for easy loans scheme
Two-wheeler exports accelerate in April-Oct
VUDA plans land allotment
IT policy drives up realty prices in Guindy, Ambattur
Raheja Corpn bags mandate for AP IT park, gets land
Jeanswear market set to cross Rs 1,900 cr this year: Study
Partnership for village resource centres formed
DRDO drive to recruit NRI scientists
SERP, DWCRA to be merged
IT constitutes 15.5 pc of total exports: Study
Untapped marvels of Malabar

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line