News & Views on Indian Real Estate

Wednesday, July 30, 2008

Andhra Pradesh Government looking for an International Partner

The Andhra Pradesh Government is looking for an international partner to design and develop an 800 acre integrated township at Kadapa district in the state. The integrated tourism and township project will be developed by the Andhra Pradesh Tourism Development Corporation (APTDC) under the public private partnership (PPP) mode. The company will be expected to design, finance and construct the integrated township. Besides this, the other responsibilities of the partner would be to operate, manage and maintain the proposed project, the APTDC said. The proposed township will be developed around Gandikota, on the banks of Penna river, situated amidst Gandikota Fort and would be within 350 km of important south Indian cities such as Hyderabad, Chennai and Bengaluru.