5-star hotel, guesthouses, place for conventions planned
Complex to be developed through public private partnership
Cabinet takes the decision to meet the demand for quality space
HYDERABAD: An Andhra Pradesh International Centre will be set up on 19.84 acres of land in New Delhi belonging to the State Government and currently housing the Andhra Pradesh Bhavan, Old Nursing Hostel and Pataudi House.
The Rs. 1,000-crore centre will consist of an international convention centre, guesthouses, five-star hotel, clubhouse, residential quarters, dormitory facilities and serviced apartments.
A decision to develop this massive complex through Public Private Partnership route was taken by the Cabinet at its meeting here on Monday with the “prime objective” of catering to the office space/accommodation requirements of Andhra Pradesh in the national capital and meet the increasing demand for quality space for organising meetings, etc.
The land would be leased out for 30 years after construction with the stipulation that the developer would have to pay an annual minimum amount of Rs. 45 crore during the first 10 years, Rs. 60 crore during the next 10 and Rs 75 crore thereafter.
Information Minister A. Ramanarayan Reddy told reporters that a consortium led by Nagarjuna Construction Company Limited, which offered a high revenue share of 12.34 per cent to the Government, had been selected to execute the project.
In contrast, a New Delhi-based firm, Parsvanath Developers Limited, offered only 6.1 per cent share.
The massive complex would have a vast built-up space for exclusive use by the Andhra Pradesh Government such as suites for the Governor, the Chief Minister, 310 rooms for private guests, 170 rooms for Government guests, an auditorium and separate halls for conferences, functions and banquets.