Raheja Mindspace

Coordinates: 17°26′35″N 78°22′52″E / 17.443°N 78.381°E / 17.443; 78.381 Raheja Mindspace is an industrial park established in Hyderabad's HITEC City developed with about 110 acres of land allotted by APIIC.[1]

Controversy

Similar to Boulder Hills, there are allegations of dilution of the Andhra Pradesh state's ownership (through APIIC) in the Mindspace project with active connivance of previous administrators of APIIC.[2] APIIC former managing director B. P. Acharya, principal secretary (information technology and communication) K Ratna Prabha, and Special Secretary (Information Technology) Gopi Krishna in the state Government, have been implicated by the Anti Corruption Bureau in taking decisions in favor of the developers and against the interests of the public.[3][4][5] Acharya has refuted these allegations of impropriety.[6] Recent negotiations between the Raheja group and APIIC (and Andhra Pradesh) seek to restore the state's share in the ownership and rental revenues from the project.[7][8][9]

See also

References

  1. ↑ "Raheja Mindspace Project, APIIC" (PDF). APIIC.
  2. ↑ "APIIC's Raheja deal gets hit too". Times of India. 2010-08-14.
  3. ↑ "Register case against State officials, ACB told". Chennai, India: The Hindu. 2011-02-20.
  4. ↑ "FIR filed against officials in Rahejas case". Expressbuzz.
  5. ↑ "IAS officers caused Rs 500 crore loss to AP". Siasat.
  6. ↑ "Raheja case: Acharya counters petitioner's contention". Chennai, India: The Hindu. 2011-02-21.
  7. ↑ "APIIC board defers decision on Rahejas' offer". Chennai, India: The Hindu. 2011-12-21.
  8. ↑ "Emaar to restore APIIC stake in JV". Times of India. 2011-12-21.
  9. ↑ "Ishaan Real-estate Portfolio Update" (PDF). Ishaan Real-estate.
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