Status: Planning Stage
Promoter: Greater Hyderabad Municipal Corporation
Project: Construction of an integrated multilevel automatic car parking facility spread over 6300 sq.yds
Location: Khilwat, Hyderabad, Andhra Pradesh
Cost: Rs. 725.4 million
Current Status: The facility, which will consist of approximately five-to-six-floor parking lots, will be designed to accommodate about 1000 cars – 700 car bays for advocates and petitioners and the rest for the general public. A consortium comprising of IL&FS Transportation Networks and its subsidiary, Futureage Infrastructure India, have been awarded the project on Build, Operate and Transfer (BOT) basis for a concession period of 30 years including a construction period of 2 years. The scope includes development of the parking facility and real estate portion of approximately 4944 sq.mtrs. The revenue shall be accrued from parking fee and leasing of retail space during the concession period. Concession agreement was signed on 25th May 2012. Financial tie-up of loans for Rs. 471.5 million has been achieved and loan agreements were executed with the Central Bank of India.