Integrated township at Tellapur, Hyderabad will start soon
Construction of mega integrated township at Tellapur near Ramachandrapuram was proposed five years before. The Hyderabad Municipal Development Authority has agreed for the revised project proposal and sent it to the Municipal Administration and Urban Development (MA&UD) department for approval.
In the revised proposal the township project will come up in 100 acres not in 400 acres as proposed earlier.
The project developer Tellapur Technocity Pvt Ltd proposed the integrated township at Tellapur by a consortium led by Tishman Speyers and ICICI and Nagarjuna Constructions Company in 2007 along with the erstwhile Hyderabad Urban Development Authority (Huda) on revenue sharing basis.
The project, costing about Rs 2000 crore includes an SEZ for IT companies, offices and residential projects in Hyderabad, will be constructed close to the Outer Ring Road (ORR).
As per the original proposal 30 million built up area was to be provided in the township in eight years for Class A commercial, residential, recreational and mixed use. A special purpose vehicle Tellapur Techno city Pvt Ltd was also formed after taking over the land.
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Township project in Hyderabad will resume soon
Source: Exclventures
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