Dravidict Posted November 24, 2014 Share Posted November 24, 2014 Visakhapatnam: AP government on Saturday signed an MoU with UK-based Eros Investment Ltd (EIL) for setting up Entertainment City in Vizag and the facility is most likely to come up in Kapuluppada where the government has 1,750 acres of land. The multi-billion dollar worth entertainment city will have a media city, amusement park, commercial and residential complexes, hotels, leisure options and healthcare facilities. The valuable land has been lying vacant due to a case pending in the state High Court after APIIC cancelled the land allotment to 2G scam accused Unitech Pvt Ltd in 2011. It may be mentioned here that APIIC has no other suitable site in and around Vizag to construct such a mega facility. APIIC is now keen to settle the dispute out of court as soon as possible to utilise the land with a beach view. “We don’t want such valuable land which has potential to be developed in a big manner to go unused and are contemplating an out of court settlement if possible,” revealed a top official of APIIC. In 2007, the then government had allotted the 1,750 acres in Kapuluppada to Unitech to develop an Integrated Knowledge City. After Unitech Ltd was accused in the 2G scam, APIIC cancelled its agreement with the infrastructure giant fearing attachment of its properties by the ED. Challenging the cancellation of allotment Unitech approached the High Court in 2011. Link to comment Share on other sites More sharing options...
NagaChaitanya Posted November 24, 2014 Share Posted November 24, 2014 Link to comment Share on other sites More sharing options...
nivas_hyd Posted November 24, 2014 Share Posted November 24, 2014 Great going.. Link to comment Share on other sites More sharing options...
Yaswanth526 Posted November 24, 2014 Share Posted November 24, 2014 mini ramoji film city anta ekkado chadivanu Link to comment Share on other sites More sharing options...
NTR_TDP_NTR Posted November 24, 2014 Share Posted November 24, 2014 edhee vizag lo start ayyinappudu - yes ikkada ani anukundhamhu Link to comment Share on other sites More sharing options...
Compaq Posted November 24, 2014 Share Posted November 24, 2014 ekkado oka chota mundu start chesi saavandi,.. maaku kuda konchem kallaki happy ga untadi lekunte ila screen meeda choodatame avutundi Link to comment Share on other sites More sharing options...
dusukochadu Posted November 24, 2014 Share Posted November 24, 2014 edhee vizag lo start ayyinappudu - yes ikkada ani anukundhamhu Already MoU kadaa, inka doubts? Link to comment Share on other sites More sharing options...
NTR_TDP_NTR Posted November 24, 2014 Share Posted November 24, 2014 Already MoU kadaa, inka doubts? Mou is signed - basic understanding with the government ..... Place yet to finalize ..... Vizag and capital zone are the 2 options .... Vizag lo land allotment issue undhee - andhukey place conform ayyey varakhu Vizag avvachu ledhu final gha capital zone kuda avvachu Link to comment Share on other sites More sharing options...
dusukochadu Posted November 24, 2014 Share Posted November 24, 2014 Mou is signed - basic understanding with the government ..... Place yet to finalize ..... Vizag and capital zone are the 2 options .... Vizag lo land allotment issue undhee - andhukey place conform ayyey varakhu Vizag avvachu ledhu final gha capital zone kuda avvachu Link to comment Share on other sites More sharing options...
Yaswanth526 Posted November 24, 2014 Share Posted November 24, 2014 Link to comment Share on other sites More sharing options...
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