GRID code may give Hyderabad ITs mojo

[hyperbole]

HYDERABAD: Move over LEAP (Look East Policy), the Telangana government is now giving finishing touches to a new policy, the Hyderabad GRID (Growth In Dispersion) policy for ensuring better distribution of the IT industry across the city as part of efforts to ease congestion in the saturated western parts that have seen unbridled growth due to the IT/ITeS explosion.

So, if LEAP was designed to woo developers and IT players to set up shop in east Hyderabad, the proposed GRID policy will be tailored to incentivise them to put up IT parks, malls and hotels in the northern and southern parts of the city as well, sources with knowledge of the matter said.

 

“Earlier the government was looking at only fast-tracking IT development in east Hyderabad. But now the focus is on dispersion of the sector across the city to correct the lopsided development of the past few years. Most of these incentives and benefits will be tailored in such a manner that they don’t pinch the government and at the same time benefit developers and IT units,” said a source.

The idea is to offer financial and flexibility-related incentives across four categories – developers, IT units (companies leasing space), star hotels (developers and operators) as well as supermalls (developers and retailers) willing to set up projects in eastern, northern and southern parts of the city, sources pointed out.

According to sources, to sweeten the deal, the government is considering financial sops such as reduction/waiver of development fee, impact fee and state GST for those setting up projects in areas other than west Hyderabad. In terms of flexibility, a relaxation in the minimum IT processing area requirement of 60:40 ratio for projects planned on government allotted land is one of the key benefits. Currently, developers putting up projects on government allotted land in west Hyderabad have to utilise at least 60% of the area only for IT processing.

“The economics of the thing is that if someone wants to develop an IT park or lease space, the government will make it much more lucrative for them to set up shop in the northern, eastern or southern parts of the city than on the western side,” said the source, adding that focus would be on promoting areas such as Uppal, Pocharam, Adibatla, Shamshabad, Kollur, Usmannagar, Bachupally, Kompally and the Budwel cluster by also improving physical and social infrastructure in these areas.

When contacted, Jayesh Ranjan, principal secretary, IT and industries departments, confirmed to TOI that the GRID policy was indeed in the works. “The proposed policy has already been approved by the IT minister and is now awaiting approval of other departments such as municipal administration & urban development (MA&UD), energy, revenue and finance after which it will be sent to the cabinet for final approval,” Ranjan said. He, however, refused to divulge any details about the proposed policy.

“The proposed policy has already been approved by the IT minister and is now awaiting approval of other departments such as municipal administration & urban development (MA&UD), energy, revenue and finance after which it will be sent to the cabinet for final approval,” Ranjan said. He, however, refused to divulge any details about the proposed policy.

[sattipandu]

Jai Balayya if done correctly

also wake me up when this happens

been  hearing this for last 6 yrs now even when kikure was at helm 

[hyperbole]

49 minutes ago, sattipandu said:

Jai Balayya if done correctly

also wake me up when this happens

been  hearing this for last 6 yrs now even when kikure was at helm 

governments has been promoting  but there is no interest shown from the developers since there is no incentive for them as it makes that much tougher for them to lease ..hope this gets going some development in other parts because of incentives. Look east policy YSR time nundi promote chestunnaru - YSR time 400 acres infosys ki ichindu - it is theirs largest campus housing 25k staff now in pocharam, uppal but no other major company set shop except for the few small and mid size companies. UPA vallu ITIR ga approve chesindru  in Pocharam with investment in infra amounting few thousand crores but BJP scraped the ITIR project in all cities

other hope is that these areas in the east and south have transformed rather well in the last 5 years and there will some spill over from western corridors as it starts getting clogged.. ORR is full fledged operational now bringing in connectivity from the airport. If promoted well and incentivised it could work in my opinion. MMTS and Metro connectivity kuda vachindi ippudu east of Hyd ki. malls, multiplexes, eatries vachinnayi baga. ee sari India poyinappu warangal highway trip kottu towards yadari and you will be surprised how much this area had transformed.

Pocharam Mindspace currently house the following companies
1. Infosys
2.genpact
3.axis bank
4. qconnect
5.Teleperformance
6.Bajaj alianz insurance LTD
7. quilex legal services
8. sdg software India LTD and more

 

 

[sattipandu]

avnu donga lamdikodukulu ITIR enduku scrap chesinaarooo

konchem lo konchem anna situation improve aythunde kaavochu adhi ayyuntey 

[snoww]

Look easy east Ani government entha mothukuntunna , companies and people are looking at West only from years. 

[hyperbole]

39 minutes ago, sattipandu said:

avnu donga lamdikodukulu ITIR enduku scrap chesinaarooo

konchem lo konchem anna situation improve aythunde kaavochu adhi ayyuntey 

donga dash gallu defense land eyyaniki sastunnru..pure political intentions, bangalore la road expansion ki ichindru manaku ichinatte ichi 3 cr per year lease adigindru.

akkada aa 2 SRDP flyovers ready ayite nagpur hwy inka rajiv rahadari traffic kastalu potayi, city kuda atu side baga expand ayitadi

SRDP will improve of Rajiv Rahadari from Jubilee Bus Stand to Thumukunta, covering a stretch of 19 km, with a four-km elevated corridor.

Kishan Reddy kanisamu sec-bad represent chesinandukanna approve cheppeyali.leka pote BJP manaku paisaku paniki ranatte

[RaaoSaab]

43 minutes ago, snoww said:

Look easy east Ani government entha mothukuntunna , companies and people are looking at West only from years. 

Myhome lanti valla properties west lo unnappudu vallu west ki lobbying cheyaka east ki etla chestar