Business Daily from THE HINDU group of publications
Saturday, Oct 07, 2006

Cross Currency

Group Sites

Industry & Economy - Urban Development
Variety - Entertainment & Leisure
States - Andhra Pradesh
Hyderabad to get urban entertainment centre

Our Bureau

Hyderabad , Oct. 6

A consortium with Pantaloon Retail (India) Ltd as the lead member would set up an urban entertainment centre project in the heart of Hyderabad, on a Build Operate and Transfer (BOT) basis.

The Andhra Pradesh Government has awarded the project to the consortia, which has formed GSG Construction Pvt. Ltd as the Special Purpose Vehicle company for executing it. The project would come up in the campus of what was earlier the Gandhi Medical College in Basheerbagh.

To come up on a 5.61 acre plot, the project is estimated to cost Rs 137.52 crore. It would primarily comprise a retail shopping mall, with a minimum of 50-60 per cent of the total built-up area, according to a Government press release here.

In the balance area, facilities to house hospitality, leisure and entertainment would be developed. A multi-purpose convention centre, restaurants, multiplex, food courts, gaming zone, family entertainment center, indoor theme part and ethnic enclosure with a crafts bazaar for handicrafts for the purpose of tourists have been planned.

Efforts would also be made to renovate the heritage building and develop them as ethnic enclosures. Heritage structures like the Principal Room and Main build of Lady Hydari Club are to be conserved as per the guidelines already issued by the Hyderabad Urban Development Authority (HUDA). The Project is being implemented by the Tourism Department. The consortia has been given the land on a lease period of 33 years.

Meanwhile, the plans of the State Government have invited stiff opposition from the People's representatives from Hyderabad, including the legislators and Members of Parliament.

They argued that, already the area is choked and permission for a venture like this would only aggravate the problem.

They argued that it was the right place to house the Offices of the Hyderabad Collectorate as well as the various departments.

The Government defended that the land was transferred to the Tourism Department to enable some private parties to set up the Entertainment Centre to raise money for paying back the costs incurred on the newly built Gandhi Medical College and hospitals in Musheerabad.

More Stories on : Urban Development | Entertainment & Leisure | Andhra Pradesh

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Hyderabad to get urban entertainment centre

Job fair for testing professionals
Monsoon rains beyond IMD expectations
Global economic outlook weakening: OECD
Forrester sees slowdown in US tech spend
Comments on investment panel proposals
Edible spoons
Ministry for full trade with Myanmar at Moreh
In-principle approval for Salim Group SEZ
Medha Patkar-led group protests against SEZ
Reliance bags Hyderabad airport fuel farm operations
Creative IT to set up pharma facility in Maharashtra
No power cut this year, says Kerala Minister
TUFS data shows capacity building in textile industry
Seminar on credit rating
Nortel bets big on SMB segment
IFA plans high-end courses on global taxation
Innovator identification camp
BL club at Vijayawada
TN to revise college curriculum
Varsity ropes in portal for online learning
Indo-American Chamber head
Pahwa to be IACC President
Cartosat-2 launch pushed to Nov
Realty boom drives up ceramic, tile firms' stocks
Govt sets up panel to open up legal services
Compensation for delay in broadband connection
India driving competitiveness: Kamal Nath
Competitive India
Separate police for consumer fora sought
Bengal police probing data theft case

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line