(1888PressRelease)
May 03, 2007 - The Knowledge City at Hyderabad, India is proposed to be developed, to house companies in IT/ITES/BPO, Commercial, Hospitality and Retail and will be virtually an extension of the vibrant Hitec City in character and business. APIIC (Andhra Pradesh Industrial Infrastructure Corporation) will auction land in packages for development by private developers.
The Knowledge City will come up beside Old Mumbai Highway, between Guchibowli and Raidurg, 3 Km before the India Development Center of Microsoft.. The Location is extremely good and is close to the take-off point of the Express Highway which connects Guchibowli to the new International Airport.
Explaining the business potential of the proposal, Mr. Pramod Kiron, CEO of Exclusive Ventures said; “The spiraling demand for outsourced services from US and Europe is expected to result in ever increasing requirement of built up area. The successful bidders will be able to tap this demand by creating office space of international standards for IT Parks, Back Office Processing and Data Ware Housing. Already, more than 50 fortune 500 US companies have their offices in Hyderabad, including the likes of Microsoft, Google and GE and more are streaming in every month.”
Key Data:
Floor Price: Rs.18 Crore/Acre (~$4.2M)
Packages: 3 Units of 10 acre each
Last Bid Submission Date: 21.05.07
Tech Bid Open : 21.05.07
Price Bid Open: 24.05.2007
30% Advance by Successful Bidders: 16.06.2007
Balance of 70% to be paid: 16.07.2007
The previous tenders for prime land at Hyderabad have caused hardship to successful bidders due to delay in allotment of land. The report covers issues related to land ownership, payments, escrow and vital hints for making a safe commercial bid.
Exclusive Ventures is the only company in Hyderabad, which provides specialized assistance the area of Real Estate investment. The Company is backed by a research team which continually evaluate new localities and upcoming projects. The Company regularly publishes Real Estate Reports with price trend and new investment options.
For detailed evaluation and advice:
Email: mail ( @ ) exclventures dot com
URL: www.exclventures.com/hotnews.asp
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