Integrated Township & Convention Centre
›› 3 SPVs are formed for execution of the projects ›› APIIC Ltd and Emaar Holdings hold 26% and 74% equity in all 3 SPVs ›› Hyderabad International Convention Centre was built on an extent of 15 acres. ›› Besides equity, APIIC Ltd shall receive 2 and 3% Gross Annual Revenue as lease rentals ›› The Golf Course with Boutique Hotel is developed on an extent of 235 acres ›› The assets will revert to Govt. of A P after 66 years of lease without any encumbrances ›› Convention centre was inaugurated in Jan, 2006 ›› Break-even in the 2nd year of operation as against normal period of 4 to 5 years ›› Business Hotel commenced operations in Mar, 2006 ›› 18-hole Golf was started in April 2008 ›› Integrated Township Project is under execution and model homes and villas are constructed ›› 703 flats in 8-blocks - construction works commenced and expected to allot by March 2010 |