K Raheja expands real estate projects in Hyderabad
Mumbai based real estate developer K.Raheja is to expand its projects in Hyderabad. On the anvil is an expansion of the Mindspace IT Park at a cost of Rs. 400 crore, development of the 7 million sq.ft. of office cum residential space Pocharam Park, and the development of a 350,000 sq.ft. mall in Hyderabad within 3 years.
Speaking at a press conference, the Chairman of K. Raheja Corp said that there is pent up demand for large office space in the range of half a million to one million sq.ft. in Hyderabad. With expansion plans underway, Mindspace Cyberabad would directly and indirectly lead to the creation of 75,000 more jobs.
The company has also got approval for an SEZ in Andhra Pradesh.
By INRnews Correspondent
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