Lanco Hills gives order for construction to Sembawang Infra | INRnews

10 Mar 2008, Source: INR NEWS

Hyderabad, India, March 10, 2008 - Sembawang Infrastructure India Pvt Ltd has bagged the order for construction of an IT Tower in the Lanco Hills Technology Park Pvt Ltd’s IT Park in the SEZ area. To this effect Lanco Hills Technology Park Pvt Ltd and Sembawang Infrastructure India Pvt Ltd today signed an agreement for execution of the structural work of Tower 9 for their prestigious SEZ IT Park.

The agreement involving this tower worth Rs.50 Crores was signed by Mr S Pochendar, CEO of Lanco Hills and Mr JD Stuart Macaskie, Managing Director of Sembawang in Hyderabad. Lanco Hills is a mega project coming up in 108 acres in Hyderabad including IT Park, Residential Towers, Mall, Multiplex, Hotels, Recreation and many futuristic amenities.

Mr.Pochendar, CEO of Lanco Hills, comments “We are developing 8 Million sq.ft of office space in our IT Park spread over 12 towers of SEZ and Non SEZ areas. Out of this the first Non SEZ Tower with 4 lakhs sq.ft is already under construction and is expected to be ready in an year. The first SEZ Tower with 30 floors will have 9 lakh sq.ft of office space and the work order has been given to Sembawang. We expect the work to start in a month’s time. When completed this whole project will be one of its kind with the best of infrastructure and amenities anywhere in the world.”

Said Mr.Macaskie of Sembawang, “We are very happy to announce this agreement and are proud to be associated with this visionary project. The entire IT Park project at Lanco Hills involves a total of 12 towers and the work order for the first SEZ tower marks an important milestone for future orders in this project. We at Sembawang take this opportunity to congratulate Lanco Hills on coming up with a project of this quality and magnitude which will make a significant change in the IT Infrastructure of Hyderabad.”