The Hindu : Andhra Pradesh / Hyderabad News : Lanco Hills Park notified as SEZ

Online edition of India's National Newspaper
Tuesday, Apr 17, 2007
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Andhra Pradesh

Andhra Pradesh - Hyderabad

Lanco Hills Park notified as SEZ

Special Correspondent

The company is poised to be one of the largest `mixed-use' developer in the world, worth over US $ 1 billion

HYDERABAD: The city-based Lanco Hills Technology Park Private Limited of the Lanco Group has been notified as a Special Economic Zone (SEZ) by the Union Ministry of Commerce with effect from April 10, 2007.

A sector-specific Special Economic Zone for Information Technology (IT) and IT-enabled services (ITES) will be set up over 25-acres in Manikonda village, Rajendranagar Mandal of Ranga Reddy district.

The company is planned to be positioned as one of the largest `mixed-use' developers in the world worth over US $ 1 billion.

It constitutes realty sectors like IT/ITES space, mall, ultra modern living spaces, extraordinary entertainment, luxury hotels and service apartments, to name a few. It will be a truly international standard integrated IT park, he said.

Chairman L. Madhusudhan Rao said "The sanction is recognition of our credentials and unique track record in creating global-scale landmarks." He said it would be a trendsetter in destination-building and etch Hyderabad as a signature to India as an emerging global destination.

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