Hyderabad Information Technology and Engineering Consultancy City, abbreviated as HITEC City, is a major technology township which is at the centre of the and one of the leading hubs in India. The area is spread across 151 acres of land under suburbs of Madhapur, Gachibowli, Kondapur, Manikonda, and Nanakramguda. It is in close vicinity to Jubilee Hills, a posh residential and commercial hub. The project was commissioned initially with L&T ECC and was named L&T INFOCITY. The area is being developed by Larsen and Toubro Limited through its Special Purpose Vehicle, L&T Hitech City Limited, a joint venture company of L&T Infocity Limited and Andhra Pradesh Industrial Infrastructure Corporation Limited. It is strategically located, also caters to all segments of the IT Industry including small & medium enterprises, with office areas thus making commuting easy for its residents. The area also comprises IT parks such as L&T Infocity, Hitech City2 SEZ, Vanenburg IT Park or The V, Mindspace Cyberabad SEZ, DLF IT SEZ, Tech Mahindra IT SEZ, TCS Synergy park IT SEZ, SEZs of Infosys, Wipro and APIIC, built to suit campuses of several major technology companies. Necklace Road MMTS Station and Hitech City MMTS Station is located in the vicinity. Rajiv Gandhi International Airport is located at brief driving distance. The area also houses prominent hospitals, educational institutes, shopping areas and other entertainment aveunes in its close vicinity. The presence of basic establishments has transformed this place as one of the best residential areas of Hyderabad.