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Abu Dhabi firm to take up KCR project?

Abu Dhabi firm to take up KCR project?

Remember Lu Lu group, a popular construction company based out of Abu Dhabi?

Well, it was the company which was a hot favourite of Telugu Desam Party president and former Andhra Pradesh chief minister N Chandrababu Naidu till recently.

Naidu had allotted prime land on the beach road of Visakhapatnam to Lu Lu group to construct a massive convention centre and a star hotel on the lines of Hyderabad International Convention Centre and Novotel Hotel in Hitex.

The decision smacked of a massive scam, as it is learnt Naidu’s son Nara Lokesh allegedly had stakes in it.

In any case, the Lu Lu group hasn’t stared the work yet in Vizag and now that the new government headed by Y S Jagan Mohan Reddy was formed in AP, the group is unlikely to continue the project.

So, Lu Lu group is now learnt to have set its eyes on Hyderabad.

According to the talk going in social media circles, the group had an understanding with the Telangana government headed by K Chandrasekhar Rao for the construction of new state secretariat complex in place of existing secretariat buildings which are being demolished now.

If KCR likes Lu Lu group’s offer, the contact will be awarded to it. Simultaneously, the group also sought for allocation of prime lands in Hyderabad to construct massive malls and commercial complexes.

Apparently, the local BJP leaders brought the whole issue to the notice of the Centre which is understood to have started enquiring into the whole deal, sources said.

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Tags: KCR Nara Lokesh Chandrababu Naidu Vishakhapatnam Lu Lu Group