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Project Highlights
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Location
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: Pocharam, Hyderabad
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Type
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: IT SEZ
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Development
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: 2.07 million sq. ft.
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Completion
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: On hold
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SEZ Status
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: Approved and Notified
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Project Summary
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This IT SEZ is located in an upcoming nucleus of development with infrastructure well-suited to IT/ITES industries. With an existing residential catchment area and a number of colleges and universities in the vicinity, this SEZ is expected to lead to the geographical diversification of development to East Hyderabad in the medium term. Pocharam is easily accessible by road and increased transport infrastructure is being planned around this site. The proposed metro rail is expected to run close by and the proposed Hyderabad outer ring road is planned to pass 2 kilometres from the project. The new international airport will be easily accessible via the outer ring road.
The project entails development of c.2.07 million sq. ft. IT SEZ. One building has been constructed and has been partially occupied. Super structure work is partly completed on another building. The aggregate area let or terms agreed stands at c.160,000 sq. ft. representing c.42 per cent of the area constructed or under construction. In addition, c.216,000 sq. ft. is under option at this project.
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Project Highlights
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Location
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: Madhapur, Hyderabad
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Type
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: IT SEZ / Non-SEZ
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Development
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: 4.8 million sq. ft.
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Completion
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: Q3 2016
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SEZ Status
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: Approved and Notified
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Project Summary
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This IT SEZ is located in the hub of the technology industry's development in Hyderabad, one of the largest cities in India. Equipped with excellent telecom infrastructure, well developed civic infrastructure and huge potential for trained manpower, Hyderabad has become an attractive choice for global IT/ITES companies. The project involves the development of an IT SEZ next to the existing Mindspace development. The project is well connected by road and transportation networks and is strategically located.
This project totals approximately 4.8 million sq. ft. of planned development. Construction is completed on three of the buildings aggregating c.2.0 million sq. ft., and two other buildings aggregating c.1.5 million sq. ft. are currently under construction.
The aggregate area let or terms agreed is now c.2.3 million sq. ft. representing c.66 per cent of the area constructed or under construction. As at 30 September 2012 rent has commenced from an area of c.1.4 million sq. ft. In addition, c.239,000 sq. ft. is under option at this project.
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Project Highlights
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Location
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: Madhapur, Hyderabad
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Type
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: IT Park (non-SEZ)
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Development
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: 1.7 million sq. ft.
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Completion
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: Completed
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Project Summary
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This IT Park (Non-SEZ) is located within the existing Mindspace development. The completed development of c.1.7 million sq. ft. comprises three office buildings which are complete and operational.
Aggregate area let is c.1.69 million sq. ft., representing c.99 per cent of the project area. As at 30 September 2012, rent has commenced from an area of c.1.67 million sq. ft.
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Project Highlights
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Location
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: Madhapur, Hyderabad
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Type
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: Mixed use: Retail, Offices
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Development
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: 1.1 million sq. ft.
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Completion
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: Mall - Completed; Commercial - On hold
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Project Summary
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The project is primarily a retail development adjacent to the existing Mindspace development in Madhapur, Hyderabad. Designed by the world's largest retail design firm “Callison”, USA, it is a part of the IT city, situated approximately 15-20 kilometres from the city centre.
The project consists of the development of a c.780,000 sq. ft. shopping centre (launched in October 2009), c.322,000 sq. ft. of commercial space and 1,000 car parking spaces, aggregating c.1.1 million sq. ft. of planned development.
Aggregate area let and terms agreed at this project is c.706,000 sq. ft. representing c.91 per cent of the retail space. Approximately 88 per cent of the retail space is currently trading. The planned IT development at this project is currently on hold.
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