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05/02/2012 - HMDA plans Toll Tax on ORR from May
05/02/2012 - CBI Action on IAS officers, impacts Governance. Expect indecision by IAS officers on all matters. Project Approvals to be affected
04/02/2012 - Govt. may relax GO111 regulations in certain areas
30/01/2012 - BP Acharya Arrested by CBI in Emmar - APIIC Scam
28/01/2012 - Building Penalisation Scheme (BPS) may be extended
24/01/2012 - Cisco evaluates Hyderabad for Development Center
24/01/2012 - HMDA to take up Shaikpet to Kokapet ORR Radial Road work soon.
20/01/2012 - Andhra Pradesh seeks a stringent real estate Act
20/01/2012 - Infor Global Solutions eyes $70 mn from Hyerabad centre of excellence (CoE)
19/01/2012 - AP Govt seeks a stringent real estate regulatory Act
15/01/2012 - Kukatpalli to Hi Tec City in 2 Minutes- Rail Over Bridge to be ready by May 2012
12/01/2012 - Yash Birla to set up sports university near Hyderabad
12/01/2012 - KBR Park Prime Property Project by ICICI & NCC may be converted to Luxury Residential Apartments
12/01/2012 - Andhra Pradesh bags Rs.5.57 lakh crore investment projects
01/01/2012 - MGF may get the Boot as EMMAR Pleads to Let it Complete the Project, with 26% APIIC Stake Restored
01/01/2012 - LRS (Plot Regularization) Scheme is BACK! Regularize Your Plots till 30 June 30,2012.
20/12/2011 - GHMC undertakes Demolition of illegal buildings in LB Nagar
20/12/2011 - EMMAR - Govt Duel. EMMAR said to have agreed to restore 26% Stake of Govt in APIIC
19/12/2011 - Lanco Hills News. Apartment registrations under hold as legal battle rages in court.
19/12/2011 - LRS Deadline may be extended. But Eligibility Cut Off Date may remain December 31, 2007.
15/12/2011 - LIG - EWS Reservation in Real Estate Projects. 10% of the built-up area or 25% of its total units to be reserved
15/12/2011 - Mayo Clinic to Fly into Shamshabad? Joint venture planned by GMR, Apollo and Mayo Clinic
11/12/2011 - Hyderabad Real Estate scene looking up with Telangana movement factored!
10/12/2011 - DLF Commercial Project on Road No2 Banjara Hills in trouble. Cheating case against DLF honchos
07/12/2011 - GO111 Impact. Govt Cancels 227 Layouts in Moinabad, Shamshabad, Chevalla, Shankarpalli, Shabad Mandals
04/12/2011 - HMDA Plans Plot Auction in Jawaharnagar and elsehwere
21/11/2011 - Split or No Split? Solving the Hyderabad Puzzle.
21/11/2011 - LRS likely to be back again! Plot Regularization Could Still be Posiible!
17/11/2011 - US Company Siemon relocationg India Center from Delhi to Hyderabad!
06/11/2011 - Boulder Hills Plot Deals. Emaar, Stylish Homes deal a fraud,says CBI
06/11/2011 - Centre Plans to Go with Telangana Regional Council.
06/11/2011 - Hyderabad Real Estate Prices on Upward Move after an Year of Stagnation. Unresolved GO45 issue has potential to raise price by 20% overnight
06/11/2011 - Occupancy Certificate Needed for New Water Connections
05/11/2011 - GHMC Plans Green channel nod for high-rises soon
04/11/2011 - Rape of Kondapur Botanical Garden. HC issues notice to Govt and MOEF
02/11/2011 - 423 Acres Plotted Land Near Ramoji Film City. Wakf Board claims encroachment and issues notices to about 2000 plot owners
01/11/2011 - HMDA Plans Land Auction in Hyderabad to Raise Funds for ORR Works. 60 Leftover Plots and 3 Acres New Layout in Gopanpally to be auctioned
26/10/2011 - Bangalore Metro Runs while L&T to Rthink on Hyderabad Metro Project, in the wake of inability of Govt, to handover land
26/10/2011 - No one to Toll You on ORR! Toll Collection Postponed.
26/10/2011 - RBI raises hikes Repo Rate by 0.25 basis points. SB accounts to fetch more interest. Home loan Rates Unlikly to increase
25/10/2011 - Telangana News. SAMME ends after 42 days. Govt Staff to resume duty
22/10/2011 - ACB seeks info on illegal buildings in Kukatpally, Serilingampally and Rajendranagar municipal circles
22/10/2011 - Saab India Technology Centre opens in Hyderabad
21/10/2011 - Boulder Hills News. Plot buyers coerced to lie before CBI by
20/10/2011 - No Prepayment Penalty on Home Loans taken from HDFC, LIC, DHFL etc
19/10/2011 - Telanga Agitatiion Pauses for Breath. Govt Staff continues stir
19/10/2011 - AP among top five investment destinations notwithstanding Telangana Agitation
19/10/2011 - Decision on Telangana likely by month-end
18/10/2011 - GHMC sister city pacts a farce! Just a ploy to get Govt sponsored Foreign Tours!
18/10/2011 - Hyderabad Metro. Delay in Land Acquisition makes L&T jittery

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Hyderabad News.IT SEZs fail to keep job promise

Hyderabad News. TOI 25.08.2010

(Excl Ventures News.)

While the controversy over the Emaar-APIIC land deal rages on,the government continues to be soft towards the promoters of information technology SEZs despite the fact that no new jobs have been generated by them after taking possession of huge extent of land.One of the important conditions laid down by the APIIC for the SEZ promoters was generation of jobs proportionate to the land allocated to them.


Leave alone employment,several private players have even failed to attract investments for the industrial zones, a document prepared recently by the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) on the status of SEZs in the state revealed.Gannavaram IT SEZ,which was opened by chief minister Rosaiah,has not attracted any investment barring the Rs 70 crore spent by the promoter,L&T.


Only 120 persons were recruited in this SEZ,which was allotted 30 acres of land worth Rs 200 crore, said the document.The second phase of the project,which was launched in 2005,is scheduled to be completed only in 2012.While this is so,Vijayawada-Guntur-Tenali-Mangalagiri Urban Development Authority (VGTM-UDA ) is planning to construct an international convention centre in the SEZ.



VGTM-UDA had also entered into an MoU with Parswanath group to develop an IT SEZ near Mangalagiri three years ago.While the developer left the project some time ago,UDA is now inviting tenders to select a new bidder.Nearly 40 acres was earmarked for the IT SEZ whereas not a single job has been generated till now, the document stated.
APIIC had secured permissions for four IT SEZs in Visakhapatnam district alone for which nearly 200 acres of land worth Rs 1,500 crore had been handed over to the private players.The deadline for completing all these projects is fast approaching,but the promoters of at least two projects at Madhurawada have not even prepared the master plan till now, APIIC officials pointed out.
For Gambheeram IT SEZ,APIIC had allotted 50 acres to the promoter but precious little was done to develop the land leave alone invite investments.Many of the land allottees are not pumping funds into the project with an intention to convert the entire land into a real estate venture, sources said.In Rangareddy IT SEZs,not a single job has been created so far though land was allotted to the promoters long ago.
Stunningly,the government had transferred the land ownership to Apache in industrial SEZ in Nellore district following its request that it should be given a free hand as it had provided at least half of the promised jobs of 10,000.The original agreement was to transfer 300 acres of land to Apache only after it provided jobs to 10,000 locals.By violating the rules,precious land worth over Rs 1,000 crore was handed over to the multinational, sources revealed.
Comment :
A case in point is the 16 Acre Wipro SEZ in Gopanapalli. Its one and a half  year since the building was completed. But its still not operational.
Keyword Tags Hyderabad News,SEZ Hyderabad, IT SEZ
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