Andhra Pradesh Industrial Infrastructure Corporation
The ED has charged Koneru Rajendra Prasad, ex-director of Emaar Hills Townships Private Ltd (EHTPL), N Sunil Reddy, ex-director of Southend Project and Foundations and N Sunil Reddy, ex-director of Southend Project and Foundations based on the CBI charge sheet and attached properties worth 96.01 crore and all bank accounts. Land Mafia has taken a [...] Continue Reading »
My Home Group, a local builder of Andhra Pradesh is all set to buy a 30-acre land parcel in Hyderabad’s Raidurg area for a whopping Rs 550 crore. DLF, India’s largest real estate developer, is the current owner of this land parcel and they are selling it to use the money to reduce their debt [...] Continue Reading »
A government entity has recently given its approval to a restructuring plan – put forth by consultancy firm EY - for a skyscraper project at Manchirevula on Hyderabad outskirts. The Rs 7,000-crore project in Hyderabad pertains to a 100-storey trade tower which Reliance Infrastructure was to implement on an expansive 76.2-acre land area, involving 20 million square feet [...] Continue Reading »
The government of Andhra Pradesh is going to sell its equity share in some marquee urban infrastructure projects in Hyderabad, likely boosting up a row because the state is in the process of being divided to from Telangana. The stake sale could collect hundred of cores of rupees but it can also lead to controversy, [...] Continue Reading »
Wipro Technologies, an IT giant, is planning to set up a special economic zone (SEZ) software development facility in Visakhapatnam. It is planned to be a seven-storied 1,000 employees facility. Currently, the company has a seven acre campus that is located on NH-16 opposite the Tech Mahindra facility at Satyam Junction. It houses 300 employees [...] Continue Reading »
Emaar-MGF builder will not resume the construction work of the Boulder Hill project. The project is still under the legal procedure with Andhra Pradesh Industrial Infrastructure Corporation ( APIIC). The builder announced it against a case filed by customers of the Gachibowli project under Boulder Hill. In reply the Emaar-MGF group officials says that there [...] Continue Reading »
