Ikea Offers Rs 19.21 Crore Per Acre Of Land In Hyderabad

[Spartan]

Ikea, the Sweden-based world’s largest furniture retailer, has offered to purchase land in Raidurg, on the city’s outskirts, for a record price of Rs 19.21 crore per acre, to set up its retail outlet in Hyderabad, the first in the country.

 

At a time when companies are seeking land from the government at subsidised rates, Ikea’s decision to purchase land at market rates has surprised the Telangana state government and its officials.

 

The government is upbeat about this development and says that this is proof of the demand for Hyderabad and its realty sector from across the globe. Ikea India, a subsidiary of Swedish furniture retailers Ikea AB, had signed a memorandum of understanding with the Telangana government in September last year to set up its first store in India in Hyderabad with an investment of Rs 500 crore.

 

Chief Minister K. Chandrasekhar Rao had appointed the commissioner of industries as a single contact point to ensure a speedy, transparent process for all applications, permissions and licences, which encouraged Ikea to speed up its operations.

 

The company had sought 50,000 sq. metres of land for the purpose and the government had directed the Telangana State Industrial Infrastructure Corporation (TSIIC) to identify suitable land. The company selected land in Hyderabad Knowledge City, which falls under Raidurg limits.

[puli_keka]

Single window edho baane undi.. Corruption aapalem adhedo oke sari lekkalu matladukoni permissions iyyadam better

[athletics]

http://youtu.be/n1ECpe48XI8

[athletics]

Ee roju KCR May Day speech keka, check it out (lol ..nothing to do with CBN but the current state of india's manufacturing sector and his take on it)...also governments new online application website for the new industrial policy is launching in May.

http://youtu.be/jk4df-SQ3os

[pithaka]

Super

[lazybugger]

oh wow. 

[Laila2]

nice oka rakamga ikea ne cheap n better

[donganaaK]

Ikea, the Sweden-based world’s largest furniture retailer, has offered to purchase land in Raidurg, on the city’s outskirts, for a record price of Rs 19.21 crore per acre, to set up its retail outlet in Hyderabad, the first in the country.

 

At a time when companies are seeking land from the government at subsidised rates, Ikea’s decision to purchase land at market rates has surprised the Telangana state government and its officials.

 

The government is upbeat about this development and says that this is proof of the demand for Hyderabad and its realty sector from across the globe. Ikea India, a subsidiary of Swedish furniture retailers Ikea AB, had signed a memorandum of understanding with the Telangana government in September last year to set up its first store in India in Hyderabad with an investment of Rs 500 crore.

 

Chief Minister K. Chandrasekhar Rao had appointed the commissioner of industries as a single contact point to ensure a speedy, transparent process for all applications, permissions and licences, which encouraged Ikea to speed up its operations.

 

The company had sought 50,000 sq. metres of land for the purpose and the government had directed the Telangana State Industrial Infrastructure Corporation (TSIIC) to identify suitable land. The company selected land in Hyderabad Knowledge City, which falls under Raidurg limits.

 

obviously they have to purchase the land at the market prices , endukantey its just a retail store ..... 

 

McDonalds , KFC , Starbucks vaallu free ga land ivvali ani expect cheyakudadu kada to open their franchises , they have to buy their own property at market rates if they wanna open a franchise kada..... idi kuda same , i dont understand why this is being hyped up as such a big deal .... but still its good to know that the going land rates are so high in hyderabad surroundings ....

[UNITED99]

Ikea, the Sweden-based world’s largest furniture retailer, has offered to purchase land in Raidurg, on the city’s outskirts, for a record price of Rs 19.21 crore per acre, to set up its retail outlet in Hyderabad, the first in the country.

 

At a time when companies are seeking land from the government at subsidised rates, Ikea’s decision to purchase land at market rates has surprised the Telangana state government and its officials.

 

The government is upbeat about this development and says that this is proof of the demand for Hyderabad and its realty sector from across the globe. Ikea India, a subsidiary of Swedish furniture retailers Ikea AB, had signed a memorandum of understanding with the Telangana government in September last year to set up its first store in India in Hyderabad with an investment of Rs 500 crore.

 

Chief Minister K. Chandrasekhar Rao had appointed the commissioner of industries as a single contact point to ensure a speedy, transparent process for all applications, permissions and licences, which encouraged Ikea to speed up its operations.

 

The company had sought 50,000 sq. metres of land for the purpose and the government had directed the Telangana State Industrial Infrastructure Corporation (TSIIC) to identify suitable land. The company selected land in Hyderabad Knowledge City, which falls under Raidurg limits.

 

 

ikea mana india lo workout kaaaadhu....   galli galli ki oka furniture store undhii hyd lo..manaki kavalisinaa designs cheppinchochu...  waste katha

[donganaaK]

ikea mana india lo workout kaaaadhu....   galli galli ki oka furniture store undhii hyd lo..manaki kavalisinaa designs cheppinchochu...  waste katha

 

nope , furniture is very very expensive here , own designs chepichatam antey now a days it costs a bomb ... IKEA ki india market perfect asala , especially metro areas ......

[srikanthraparla]

ikea mana india lo workout kaaaadhu....   galli galli ki oka furniture store undhii hyd lo..manaki kavalisinaa designs cheppinchochu...  waste katha

people r so fascinated kada ba with us/foreign life style now a days...  KFC vs bawarchi ante KFC ye antaru...same for this too... chuddam it shud click somehow 

[UNITED99]

nope , furniture is very very expensive here , own designs chepichatam antey now a days it costs a bomb ... IKEA ki india market perfect asala , especially metro areas ......

bhayya ekkada cheyyinsthunnav anedhi important..ippuudu nuvvu oka costly furniture store ki velli ee design cheyyi ante vaaadu defnt ga ekkuva charge chesthaaadu adhe local furniture store ki velli cheyyi ante defnt neeeku thaakuve padthundhiii

 

 

ikkada inkokati enti ante aaa costly store vaaalu eee local store ki work isthaaadu to do ani... maa cousin furniture store undhii hyd lo...so I know their business

china nunchi furniture containers theppinchevaaadu...same to same desing ni ikkada vere local store lo cheyyinche vaaadu and lakhs lo amme vaaadu  

ex 1 rupee paina 10 rupees labham

[UNITED99]

people r so fascinated kada ba with us/foreign life style now a days...  KFC vs bawarchi ante KFC ye antaru...same for this too... chuddam it shud click somehow 

 

 

emo baa I dont think so...choosdham le

[Nellore Pedda reddy]

nice oka rakamga ikea ne cheap n better

 

Antha invest chesinodu cheap ga enduku ammuthadu bujjee....they'll encash our love for anything foreign 

[iTeachSAP]

China chinna karmikulu nashta potharu.. Vadrangilu