Chief Minister K. Rosaiah on Thursday inaugurated ‘Medha’, the first of the five proposed towers in the L&T Hitech City at Gannavaram here, which is expected to place the city on the IT map of the country.
The L&T Hitech City Limited, a joint venture of L&T Infocity and the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) Limited, has come up on a 30-acre site right opposite the airport at Gannavaram. The total project cost is pegged at Rs. 450 crore.
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According to R. Sridaran, vice-chairman of L&T Hitech City Limited, ‘Medha’ has a carpet area of 1.75 lakh square feet and constructed at a cost of Rs. 70 crore.
It has facilities like uninterrupted power supply, centralised air-conditioning system, office automation, landscape and communications from all major service providers.
Though only two IT players – Extranet Software Solutions and Tektraks Technologies – moved into the tower until now, Mr. Sridaran said enquiries were coming in from several IT companies and some of them based at Hitech City in Hyderabad were planning to move over here so that they could save expenditure by 25 per cent.
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Flyover at Benz Circle
The Chief Minister during his two-hour visit to the city participated in a string of inaugurations and foundation laying ceremonies, and on the occasion announced that orders would be issued for the construction of the long-pending flyover at Benz Circle and a super-speciality hospital with financial help from Sri Durga Malleswara Swamivarla Devasthanam.
A cluster of more than 2,000 houses constructed in G+3 model under JNNURM at Vambay colony on the outskirts of the city was also inaugurated on the occasion.