Monday, January 14, 2008

Electronic City Project’ At Chevella To See Some Movement Soon… !!??

For starters an electronic city is being proposed to be co-developed along with the Wakf Board at Alur on the outskirts of the city.

A staggering 3,65,000 acres of land all across the state is under the control of the Wakf Board. Half of it is around Hyderabad, but a large part of it has been encroached upon. This is valued at thousands of crores of rupees.

In the model proposed by the government, the Andhra Pradesh Industrial and Infrastructure Corporation will hold 40 per cent of the equity, the remaining 60 per cent will be with the Wakf Board.

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