(1888PressRelease)
August 06, 2007 - The Knowledge City at Hyderabad, India is proposed to be developed, to house companies in IT/ITES/BPO, Commercial, Educational/ Medical/ Hospitality and Retail and will be virtually an extension of the vibrant Hitec City. 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.
Key Bid Data:
Floor Price: Rs.18 Crore/Acre (US$4.45M/Acre)
Packages of Land: 1 Unit of 100 acres, 1 Unit of 25 Acres, 3 units of 5 Acres each
EMD for 5 Acres, 25 Acres and 100 Acres : Rs.2.5 Crores, 12.5 Crores and 50 Crores, respectively
Last Bid Submission Date: 24.08.07
Tech Bid Open : 24.08.07
Price Bid Open: 27.08.2007
30% Advance by Successful Bidders: 14.09.2007
Balance of 70% to be paid: 16.10.2007
[Note: Rs.1 Crore - US$247770]
Commenting on the proposed Project, CEO of Exclusive Ventures opined; “ Though the project, as and when it comes up is an extremely attractive business proposition for investors and entrepreneurs, at the moment the, Terms of Bid are loaded against their interests. The project proposal is riddled with fundamental flaws and hence utmost care is required to be taken, to protect the financial exposure, which bidders would be forced to take.”
The Detailed Report on Knowledge City Auction can be accessed by potential investors at: http://www.exclventures.com/News-APIIC-Raidurg-Auction-Again.asp The Terms of the Bid and other Details are also available in the Detailed Report.
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: http://www.exclventures.com
