Financial Daily from THE HINDU group of publications Wednesday, May 24, 2006 |
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Info-Tech
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Infrastructure States - Andhra Pradesh K. Raheja Corp to develop another IT park Our Bureau
Hyderabad , May 23 K. Raheja Corp, a developer of reality and custom-built IT parks, has come up with another major IT park proposal near Hyderabad. The Andhra Pradeh Chief Minister, Dr Y.S. Rajasekhara Reddy, will lay the foundation stone for the park at Pocharam, about 15 km from the airport, later this week. The company has developed IT parks under the name of Mindspace in Mumbai and Hyderabad; the latter is close to completion and occupation. Mindspace Pocharam will be built in stages over the next few years and eventually have a total built-up space of about 6 million sq ft. This project seeks to host well-planned layout for IT companies and hotels, fitness, recreation and entertainment facilities.The Pocharam facility will provide employment to about one lakh people when completed.
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