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- Boulder_Hills_Hyderabad abstract "Boulder Hills is a real-estate project in the Gachibowli area of Hyderabad, promoted by EMAAR, Emaar MGF and APIIC. This project has been embroiled in a controversy over land acquisition and dilution of the state's share of ownership. News reports suggest that the APIIC agreed to dilute the public stake by undervaluing the land that it contributed. About 500 acres (2.0 km2) of land was acquired by APIIC in 2002-2003 for setting up a golf course and residential properties. Of the 535 acres (2.17 km2) of land in Manikonda near the Indian School of Business, APIIC sold 285 acres (1.15 km2) at 27 lakhs per acre as against the prevailing price of 1 crore per acre in 2003. The remaining 235 acres (and an additional 15 acres (61,000 m2) of unusable land) were allotted as a 66 year lease with a 2% share of the Golf course revenues. EMAAR sold this project to EMAAR-MGF and diluted the value of APIIC's stake from 26% to 4%, by not considering the prevailing market rate for the land in 2009.Multiple claimants to the land have emerged, including the WAKF board and the previous farmer owners of this land. The customers who have paid for properties in the developed project are in jeopardy due to the unclear land title. On the back of the controversial Boulder Hills deal with EMAAR-MGF, several other APIIC projects, including the Raheja Mindspace IT park, that were approved in the period between 2003 and 2009 are being questioned. There are allegations of irregularities in land deals during the Chief Ministership of Y.S. Rajasekhara Reddy.There are also allegations that government officials were allocated parcels of the property at deeply discounted prices compared to the prevailing market price. Officials who previously ran APIIC and seem to have conflicts of interest with the developers, have refuted many of these allegations and defended earlier land allotment decisions.There have been several calls for a thorough investigation into APIIC deals either by the CBI or by the state investigative agency CID. Though there were initial reports of an external audit, the calls for a CBI enquiry were downplayed by the Andhra Pradesh Government, which has initiated an internal APIIC probe.".
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- Boulder_Hills_Hyderabad wikiPageRevisionID "595369900".
- Boulder_Hills_Hyderabad hasPhotoCollection Boulder_Hills_Hyderabad.
- Boulder_Hills_Hyderabad subject Category:All_India_Services.
- Boulder_Hills_Hyderabad subject Category:Civil_Services_of_India.
- Boulder_Hills_Hyderabad subject Category:Corruption_in_India.
- Boulder_Hills_Hyderabad subject Category:Political_scandals_in_India.
- Boulder_Hills_Hyderabad type Abstraction100002137.
- Boulder_Hills_Hyderabad type Act100030358.
- Boulder_Hills_Hyderabad type Activity100407535.
- Boulder_Hills_Hyderabad type Administration108164585.
- Boulder_Hills_Hyderabad type AllIndiaServices.
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- Boulder_Hills_Hyderabad type CivilService108357258.
- Boulder_Hills_Hyderabad type CivilServicesOfIndia.
- Boulder_Hills_Hyderabad type Event100029378.
- Boulder_Hills_Hyderabad type Gossip107223170.
- Boulder_Hills_Hyderabad type GovernmentOfficials108357784.
- Boulder_Hills_Hyderabad type Group100031264.
- Boulder_Hills_Hyderabad type Informing107212190.
- Boulder_Hills_Hyderabad type PoliticalScandalsInIndia.
- Boulder_Hills_Hyderabad type PsychologicalFeature100023100.
- Boulder_Hills_Hyderabad type Report107217924.
- Boulder_Hills_Hyderabad type Scandal107223811.
- Boulder_Hills_Hyderabad type Service100577525.
- Boulder_Hills_Hyderabad type SocialGroup107950920.
- Boulder_Hills_Hyderabad type SpeechAct107160883.
- Boulder_Hills_Hyderabad type Work100575741.
- Boulder_Hills_Hyderabad type YagoPermanentlyLocatedEntity.
- Boulder_Hills_Hyderabad comment "Boulder Hills is a real-estate project in the Gachibowli area of Hyderabad, promoted by EMAAR, Emaar MGF and APIIC. This project has been embroiled in a controversy over land acquisition and dilution of the state's share of ownership. News reports suggest that the APIIC agreed to dilute the public stake by undervaluing the land that it contributed. About 500 acres (2.0 km2) of land was acquired by APIIC in 2002-2003 for setting up a golf course and residential properties.".
- Boulder_Hills_Hyderabad label "Boulder Hills Hyderabad".
- Boulder_Hills_Hyderabad sameAs Q4949566.
- Boulder_Hills_Hyderabad sameAs Q4949566.
- Boulder_Hills_Hyderabad sameAs Boulder_Hills_Hyderabad.
- Boulder_Hills_Hyderabad wasDerivedFrom Boulder_Hills_Hyderabad?oldid=595369900.
- Boulder_Hills_Hyderabad isPrimaryTopicOf Boulder_Hills_Hyderabad.