Raheja Mindspace

Coordinates: 17°26′35″N 78°22′52″E / 17.443°N 78.381°E / 17.443; 78.381 Raheja Mindspace is an industrial park established in Hyderabad's HITEC City developed with about 110 acres of land allotted by APIIC.[1]

Controversy

There are allegations of dilution of the Andhra Pradesh state's ownership (through APIIC) in the Mindspace against the MoU made with the govt. however, later govt stake is restored to 11% as per MoU.[2] Recent negotiations between the Raheja group and APIIC (and Andhra Pradesh) seek to restore the state's share in the ownership and rental revenues from the project.[3][4][5]

See also

References

  1. ↑ "Raheja Mindspace Project, APIIC" (PDF). APIIC.
  2. ↑ "Register case against State officials, ACB told". Chennai, India: The Hindu. 2011-02-20.
  3. ↑ "APIIC board defers decision on Rahejas' offer". Chennai, India: The Hindu. 2011-12-21.
  4. ↑ "Emaar to restore APIIC stake in JV". Times of India. 2011-12-21.
  5. ↑ "Ishaan Real-estate Portfolio Update" (PDF). Ishaan Real-estate.
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