The Kukatpally and Sherlingampally municipalities contributed Rs.28 lakh each while MCH gave Rs.20 lakh. The remaining expenses were borne by APIIC. Of Rs.1.5 crore, Rs.75 lakhs would be spent on providing parking lots.
The Chairman visited Mindspace Hydrabad, a joint venture of K. Raheja Corporation and APIIC. The project with 20 building blocks with a total built-up space of about 65 lakh sqft. area would provide employment to 70,000 people when completed in three or four years. The Director of Mindspace Neel Rajeha made a presentation on the project.
