HomeLatestAndhra Pradesh CRDA Approves Rs 8,822 Crore Projects for Amaravati's Infrastructure Development

Andhra Pradesh CRDA Approves Rs 8,822 Crore Projects for Amaravati’s Infrastructure Development

The Capital Region Development Authority (CRDA) in Andhra Pradesh has approved projects worth Rs 8,822 crore for the development of Amaravati, the state’s capital city. This decision was made during a meeting chaired by Chief Minister Chandrababu Naidu, focusing on the infrastructure development of Amaravati.

As part of the initiatives, Rs 3,807 crore has been allocated for the construction of roads in areas where land has been acquired through the land pooling scheme. Additionally, Rs 4,521 crore will be invested in the development of trunk roads to improve connectivity, while Rs 492 crore will go towards constructing bungalows for Ministers and High Court judges. Earlier, the CRDA had cleared works worth Rs 11,471 crore, bringing the total approved works to Rs 20,292.46 crore. The approved projects include the development of layouts spanning 236 kilometers, covering areas like Nelapadu, Rayapudi, Ananthavaram, and Dondapadu. Furthermore, 97.5 km of trunk roads have been greenlit for construction.

Minister P Narayana emphasized that despite calling tenders for works worth Rs 41,000 crore between 2014-2019, only projects worth Rs 5,000 crore had been completed. He noted that delays in construction led to an increase in the overall cost of projects by 25% to 28%, with building costs rising by 35% to 55%. Narayana assured that tenders for the new projects would be issued by December 15, with completion expected by the end of the month. However, some delays occurred due to legal cases involving Singapore-based designers, and decisions regarding their re-engagement will be made in consultation with the Chief Minister.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

India Commercial Property Opens New Investment Access

India Commercial Property Opens New Investment Access

India's commercial real estate market is entering a new phase of retail participation as investment products linked to income-generating office and commercial assets create...
Bengaluru Business Hotel Expands Urban Hospitality Network

Bengaluru Business Hotel Expands Urban Hospitality Network

Bengaluru's hospitality sector has added fresh capacity with the opening of a new business-focused hotel, reflecting sustained demand from corporate travellers in one of...
Alibaug Luxury Housing Expands Coastal Investment

Alibaug Luxury Housing Expands Coastal Investment

A new luxury villa development has been announced in Alibaug, adding to the growing pipeline of premium second-home projects emerging along Maharashtra's western coastline....
LML Industrial Parks Spotlight Expands Market Reach

LML Industrial Parks Spotlight Expands Market Reach

India's industrial real estate sector is adopting new outreach strategies as developers seek to attract manufacturers, logistics firms and institutional investors amid sustained expansion...
Sewri Residential Project Signals Urban Renewal Shift

Sewri Residential Project Signals Urban Renewal Shift

A new residential development with an estimated gross development value (GDV) of ₹450 crore is set to take shape in Mumbai's Sewri neighbourhood, signalling...