VUDA secretary A. Srinivas and managing director of the company Ambica Prasad signed the agreement in the presence of VUDA Vice-Chairman P. Basanth Kumar. The project comprises shopping mall, restaurants/food courts with entertainment zone, banquet/conference halls, multiplex, and 2/3 levels of parking in cellar and sub-cellar. It will have centrally-air-conditioned buildings with provision of air-conditioning to all shops, glass elevators, high-speed lifts and large-goods elevators, among other modern commercial amenities. The project, estimated to cost up to ? 50 crore, will come up on 5253.33 square yards of land, on a 33-year lease agreement. A greement papers being exchanged between VUDA officials and Ambica Enterprises and Ventures for development of a ‘multi-use commercial complex’ at Gajuwaka, on Friday | Photo Credit: arrangedVUDA on Friday signed a development and management agreement with Ambica Enterprises and Ventures Private Limited for a multi-use commercial complex at K.L.
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