Hiranandani Group announce Multiservices SEZ in Hyderabad
11 Mar 2008, Source: INR NEWS
Hyderabad, India, March 11, 2008 - Mumbai’s leading real-estate developers Hiranandani Group of companies have announced their plan to develop first of its kind 250 acre integrated ‘Hiranandani Upscale, Multiservices SEZ at Lahari, Hyderabad. The SEZ would be developed in association with Hyderabad based Lahari Infrastructure Ltd. Based on walk to work concept the SEZ would be integrated with vast landscaping and residential buildings apart from Schools, Hospitals and other recreational facilities. The project would require an investment of Rs 12,000 crores and would be completed in phases over a period of seven years.
The SEZ is all set to house businesses of varied industry streams with a large pool of skilled and talented workforce backed by a strong infrastructure backbone. The project will redefine the concept of integrated development and will upgrade the quality expectations for a working environment. The integrated development will have the master plan and building design created by leading architects of the world. Speaking about the entire project Surendra Hiranandani, Founder, Hiranandani Upscale said that,” As the name ’upscale’ symbolizes, our development will upscale the expectations and lifestyle of Hyderabad city. Hiranandani Upscale community will be global in its lifestyle, modern in its features and convenient in its living, elevating the city’s expectation and needs.”
Speaking about Hyderabad Mr. Hiranandani further added, “Hyderabad has been referred to as one of the best places in the country to source educated manpower for high tech industries and businesses. There have been extensive investments in digital infrastructure within the city promoting the setting up of several campuses by a vast array of companies within the city. The city has a large educated population and is poised to become a global city with people from all over the world planning to make Hyderabad their workplace and home. Hyderabad has also become a preferred location for High tech industries and a power house of many of the Fortune 500 companies; multinational corporations having their development centres in the city. We feel there is a huge gap between demand and supply of high-quality commercial space in Hyderabad with an integrated development. We have earned a reputation for providing customer satisfaction with quality products through our efforts of more than twenty five years. Our Hiranandani Business Park in Mumbai is one of the most preferred business destinations. The address of leading multinational corporate, Hiranandani Business Park has attracted leading multi-national corporate from diverse industry segments such as KPO’s, BPO’s, software, FMCG, IT/ITES, shipping, Pharmaceutical, Insurance and others. Hyderabad is a great choice for us to make a pan-India presence. “
This alliance between Hiranandani and Lahari would provide about 2 million square feet of office space and the supporting commercial, social, healthcare, hospitality and residential spaces. The development would go on to satiate the demands of the service industries.
Around the SEZ project and elsewhere appropriate infrastructure development would take place to convert this project into a seamless integrated community as a wholesome destination for work, entertainment and living area.
Hyderabad has witnessed unprecedented growth after IT revolution started in India. However the infrastructure could not keep pace with it. The city has also become a preferred location for high tech industries and a power house of many of the Fortune 500 companies; multinational corporations having their development centres in the city.