Gachibowli Financial District to be Replicated in Tellapur by HMDA.
Tellapur Technocity Pvt Ltd proposed the integrated township at Tellapur by a consortium led by Tishman Speyers and ICICI and Nagarjuna Constructions Company in 2007 along with the erstwhile Hyderabad Urban Development Authority (Huda) on revenue sharing basis.
The project costing about Rs 2000 crore includes an SEZ for IT companies, offices and residential space in 400 acre close to the Outer Ring Road (ORR). The project is also about five kilometers from Hitech city and Financial District at Gachibowli. As per the original proposal 30 million built up area was to be provided in the township in eight years for Class A commercial, residential, recreational and mixed use. A special purpose vehicle Tellapur Technocity Pvt Ltd was also formed after taking over the land.
Tellapur Technocity representatives mooted the proposal to take up the project but in the 100 acres for which the amount (Rs 420 crore) was already paid in 2007. After the revised proposals were submitted by the developer, it was sent to MA&UD by the HMDA recently.
Tishman Speyer decided to take only 127 Acres, leaving HMDA with prime land of 273 acres which will be developed as Financial District Phase 2.
100 Acre Special Economic Zone by Wipro is Operational.
Tata Institute of Fundamental Research(TIFR) is coming up in 209 acres .
Financial district which is Hub of all Mojar IT campuses and companies.
Financial district –II (ITIR) is upcoming in Tellpur
- Manthan International School
- Sancta Maria International School
- Open Minds Birla School
- Tishman Speyer Technocity
- Proposed American Consulate
- ILS Park
- Bombay Stock Exchange Back Up and Data Recovery Site
- Wipro Campus (Functional)
- Financial District 2, Tellapur (Planned and Under Development ITIR)
- American Oncology Institute and Citizen's Hospital.