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Lanco Mantri IT Park At Manikonda Awarded SEZ Status |
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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.
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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