HYDERABAD: Terminus Infrastructure India has signed up with some marquee clients for its Rs 200-crore mixed use real estate project complex coming up in the IT hub of Hyderabad.
"We expect to complete the one-plus 13-floor facility of nearly one million sq.ft by December 2013. Bharti Wal-Mart has signed up for about 60,000 sq.ft ground floor and first floor of the project, for Easy Day hypermarket format," S.P.Reddy, Chairman and Managing Director of Terminus Infra, said.
The company has signed up with C.K.Birla Group company Hyderabad Industries Limited for their corporate office and is in the process of finalising deal with Hyatt Group for service apartment facility within the three-acre complex located adjacent the Botanical Garden.
Reddy told Business Line "This project would be similar to formats seen in the US, where shopping and entertainment co-exist." It will have chain of eateries and a Kids Discovery Centre, an edutaintment facility.
The mixed use project will have about 2 lakh sq.ft of mall space, 2.5 lakh sq.ft of office area, and about 1.5 lakh sq.ft of service apartment area to cater to the techie community in the IT hub.
For someone who spent nearly two decades in the US, and as one who was associated with the IT sector as a promoter and also setting up of hospitality projects in the US, this project will be extension of his interests in India.
The company has enlisted the services of designer P.G.Phadnis, who is associated with Westin, Inorbit and Hyatt and the interior retail designs are being handled by Philipp Newman, he said.