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APIIC

Economic City To Transform Medak District

Medak District is located in Andhra Pradesh, India. Sangareddy is the district headquarters of Medak. Minister for Major Industries J. Geeta Reddy recently claimed that the Medak district has witnessed multi-fold development. The Export Promotion Industrial Park in Medak District has an area of 300 acres, and the Garment Complex at Gundla Pochampally in Medak District has an area of 170 acres. The Nagarjuna Agricultural Reserach and Development Institute (NARDI) has a 107-acre research farm, situated at Wargal, Medak District, 50 km from Hyderabad on the Rajiv Gandhi Highway.

The proposal of Hyderabad Economic City (HEC) will transform Medak considerably. Ras Al Khaima Authority (RAKIA), and APIIC signed a memorandum of understanding in September last for the development of HEC with a proposed investment of Rs 20,000 crore. The Andhra Pradesh government recently allotted 471 acres of land at Sultanpur village of Medak district for the first phase of Hyderabad Economic city which is being jointly developed by APIIC and RAS-AL-KHAIMAH. RAK is the investment arm of the UAE government which had asked for a total of 2000 acres for the project. The balance land would be allotted in due course according to an APIIC official. It would be an integrated financial hub with infrastructure facilities for financial services operations for banking, insurance and asset management companies. The project would also have an integrated health city that would include facilities for clinical and non-clinical services, hospitals, and medical colleges, research services for clinical trials, drug delivery system, stem cell research and genetic research among other things, according to sources. This is the largest real estate and infrastructure project coming up in Andhra Pradesh and is expected to provide quality employment to thousands of people. RAKIA is a world renowned and much respected investment body that is cash rich. Executing a project of this magnitude is well within their capability. Residential areas adjacent to Sultanpur such as Ayilapur, Kistareddypet and patelgudem will be the most sought after destinations and are likely to appreciate in value considerably.

This project is a boon to Medak district which would assume great significance in terms of the infrastructure being provided and tremendous employment potential. Sultanpur is located abutting the outer ring road and is presently accessible from the Mumbai highway via the Beeramguda crossing which is two Km after BHEL. A three and half Km drive would bring you to Kistareddypet village. The limits of Sultanpur commence barely half a Km to the right of Kistareddypet which has already been witnessing real estate development in the form of gated communities, residential layouts and apartment complexes. Sultanpur is situated at a distance of 16 to 18 Km from important hubs such as hi-tech city area, Microsoft campus, financial district etc. The prestigious IIT Hyderabad campus is also coming up in Medak district around 20 Kms from Sultanpur.

To support the investments around Medak district, the government of Andhra Pradesh proactively took few measures on the Power Generation. Andhra Pradesh Power Generation Corp (APGENCO) has implemented the 2x 7..5 MW Singur hydel project at the head of Singur dam across river Manjira in Medak district. The project, estimated to cost Rs 405.8 Million was financed by the governments of AP and Karnataka as well as funds from power finance Corp (Rs. 160 million). BHEL supplied the turbines and Generators. The first 7.5 MW unit was commissioned in December 1999 while the second unit was commissioned in January 2000.

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Future Talk Major Investments In Sultanpur

Sultanpur in Medak district is the hub of major investments that are taking place in Hyderabad. It is located at a distance of 16 to 18 Km from important hubs such as hi-tech city area, Microsoft campus, financial district etc. in Hyderabad City. As the city is experiencing a tremendous growth and consequent economic activity, the government felt the need to provide better infrastructure facilitates. Hyderabad would be an integrated financial hub with infrastructure facilities for financial services operations for banking, insurance and asset management companies. As a result of this, there have been a few investments around Sultanpur which include:

RAKIA investment

RAKIA is the investment arm of the UAE government which had asked for a total of 2000 acres for the project. It is the government body responsible for the socioeconomic growth of the Emirates. The MoU was signed by Wahid Attalla, Member of the Board, Rakeen, the real estate development arm of Ras Al Khaimah Investment Authority (RAKIA), and APIIC Chairman and Managing Director B P Acharya, in the presence of Andhra Pradesh Chief Minister Y S Rajasekhara Reddy. RAKIA is also developing several other townships across the country through RAKINDO, RAKIA’s joint venture company in India. Over 3,000 acres of land has been earmarked for various projects in Coimbatore, Chennai, Kumarakom, Hosur and Cochin, each with a projected cost of $2bn.

Ras Al Khaima Authority (RAKIA), and APIIC signed a memorandum of understanding in September last for the development of HEC with a proposed investment of Rs 20,000 crore. With this proposed project in Sultanpur, Medak district will witness a significant change in terms of infrastructure and employment facilities. Sultanpur is located abutting the outer ring road and is presently accessible from the Mumbai highway via the Beeramguda crossing which is two Km after BHEL. A three and half Km drive would bring you to Kistareddypet village. The limits of Sultanpur commence barely half a Km to the right of Kistareddy pet which has already been witnessing real estate development in the form of gated communities, residential layouts and apartment complexes.

This is the largest real estate and infrastructure project coming up in Andhra Pradesh and is expected to provide quality employment to thousands of people. The Andhra Pradesh government recently allotted 471 acres of land at Sultanpur village of Medak district for the first phase of Hyderabad Economic city which is being jointly developed by APIIC and RAKIA. Residential areas adjacent to Sultanpur such as Ayilapur, Kistareddypet and patelgudem will be the most sought after destinations and are likely to appreciate in value considerably. RAKIA is a world renowned and much respected investment body that is cash rich. Executing a project of this magnitude is well within their capability.

Outer Ring Road (ORR)

With the ongoing project of ORR by Hyderabad Urban Development Authority with a total length of 162 Kms, the villages around Sultanpur such as Kistareddypet is likely to experience a large scale development along the ORR Corridor. The outer ring road is passing through the village limits and 100 acres of land has been acquired for this project. It is therefore no surprise that lands situated in the growth corridor are much in demand and have been multiplying in value.

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Rakia’s Investments In Sultanpur

Ras Al Khaima Authority (RAKIA), and APIIC signed a memorandum of understanding in September last for the development of HEC with a proposed investment of Rs 20,000 crore. This is the largest real estate and infrastructure project coming up in Andhra Pradesh and is expected to provide quality employment to thousands of people. RAKIA is a world renowned and much respected investment body that is cash rich. Executing a project of this magnitude is well within their capability.. The Andhra Pradesh government recently allotted 471 acres of land at Sultanpur village of Medak district for the first phase of Hyderabad Economic city which is being jointly developed by APIIC and RAKIA. Residential areas adjacent to Sultanpur such as Ayilapur, Kistareddypet and patelgudem will be the most sought after destinations and are likely to appreciate in value considerably.

RAKIA is the investment arm of the UAE government which had asked for a total of 2000 acres for the project. The balance land would be allotted in due course according to an APIIC official. It is the government body responsible for the socioeconomic growth of the emirate. The MoU was signed by Wahid Attalla, Member of the Board, Rakeen, the real estate development arm of Ras Al Khaimah Investment Authority (RAKIA), and APIIC Chairman and Managing Director B P Acharya, in the presence of Andhra Pradesh Chief Minister Y S Rajasekhara Reddy. RAKIA is also developing several other townships across the country through RAKINDO, RAKIA’s joint venture company in India. Over 3,000 acres of land has been earmarked for various projects in Coimbatore, Chennai, Kumarakom, Hosur and Cochin, each with a projected cost of $2bn.

Sultanpur is situated at a distance of 16 to 18 Km from important hubs such as hi-tech city area, Microsoft campus, financial district etc. With this proposed project in Sultanpur, Medak district will witness a significant change in terms of infrastructure and employment facilities. Sultanpur is located abutting the outer ring road and is presently accessible from the Mumbai highway via the Beeramguda crossing which is two Km after BHEL. A three and half Km drive would bring you to Kistareddypet village. The limits of Sultanpur commence barely half a Km to the right of Kistareddy pet which has already been witnessing real estate development in the form of gated communities, residential layouts and apartment complexes.

Hyderabad would be an integrated financial hub with infrastructure facilities for financial services operations for banking, insurance and asset management companies. The project would also have an integrated health city that would include facilities for clinical and non-clinical services, hospitals, and medical colleges, research services for clinical trials, drug delivery system, stem cell research and genetic research among other things, according to sources.

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Visit: http://www.propertydirect.in/newsEvts.faces