HomeLatestAll Developmental Works in Amaravati to Be Completed in Three Years, Says...

All Developmental Works in Amaravati to Be Completed in Three Years, Says Andhra Minister Ponguru Narayana

All Developmental Works in Amaravati to Be Completed in Three Years, Says Andhra Minister Ponguru Narayana

The capital city of Amaravati, in Andhra Pradesh, is set to see its major developmental works completed within the next three years, according to Ponguru Narayana, the state’s Minister for Municipal Administration and Urban Development (MAUD). The minister shared this optimistic timeline on 24 December 2024, assuring the public that several key projects, including the completion of housing and road works, would be finalised soon.

One of the major announcements was the completion of 118,000 housing units under the Andhra Pradesh Township and Infrastructure Development Corporation (TIDCO) scheme. These units, originally sanctioned by the Centre between 2014 and 2019, were delayed due to various administrative hurdles. Out of these, over 450,000 units have already been grounded, and the remaining will be completed by 12 June 2025. A crucial part of the development plan is the resolution of the financial mess left by the previous government, which had caused a number of housing units to become non-performing assets (NPAs). Narayana stated that these issues arose when bank loans were diverted, leaving the units incomplete. To remedy the situation, the Andhra Pradesh government has decided to pay ₹102 crore to clear the outstanding dues. The Chief Minister has already approved this payment, ensuring that the construction will proceed without further financial obstacles.

In addition to housing, the Capital Region Development Authority (CRDA) has approved significant road projects in Amaravati. Roadworks in Zones 7 and 10 will cost ₹2,723 crore, with total works worth ₹47,288 crore already cleared for the capital city. Narayana emphasised that these works will meet global standards and will be fully funded by the state government. Tenders for these projects will be called before 15 January 2025. Narayana also addressed the long-term vision for Amaravati, stating that the development will help position the city as a global hub, reflecting the state’s commitment to creating modern infrastructure. Steps are also being taken to generate the necessary funds through land pooling, which will help cover the expenses associated with land acquisition. With these projects moving forward, the government aims to transform Amaravati into a vibrant, modern capital that will serve as a model of urban development in India. The completion of these long-pending works is expected to bring significant growth to the region, benefitting the residents and the economy alike.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Mumbai Developer Plans New Launches And Three Sites

Mumbai Developer Plans New Launches And Three Sites

A Mumbai redevelopment company plans to unveil two new projects over the next six months and add three sites with a combined gross development...
Mumbai SRA Probes Luxury Tower Over Transit Homes

Mumbai SRA Probes Luxury Tower Over Transit Homes

Mumbai’s Slum Rehabilitation Authority has issued a notice over a 22-storey luxury tower in Bandra, where six floors meant for permanent transit camp homes...
Mumbai Waterfront Homes Test Climate Resilience Claims

Mumbai Waterfront Homes Test Climate Resilience Claims

Demand for sea-facing homes in Mumbai is climbing even as prices push them beyond all but the wealthiest buyers. Sales of homes priced at...
Kanjurmarg Land Sale Shows Mumbai Industrial Plots Shifting

Kanjurmarg Land Sale Shows Mumbai Industrial Plots Shifting

A Mumbai building-materials company has completed the registered transfer of 75 per cent of its Kanjurmarg land parcel to a developer and received ₹143...
New Noida Land Push Raises Jobs And Housing Questions

New Noida Land Push Raises Jobs And Housing Questions

Uttar Pradesh plans to open about 20,000 hectares of new developable land at New Noida, aiming to create five to six lakh direct and...