Thursday, May 23, 2024

Amravati lands for sale

  • Jagan’s government sensational decision
  • The AP government has issued 389 G.O allowing the sale of lands through auctions.
  • The government is preparing for the sale of 600 acres of capital land.
  • The AP government has drawn up a plan for the sale of capital lands as part of fund raising for capital development.

Amravati: The government has decided to sell land in Amravati, the capital of Andhra Pradesh. CRDA has drawn up plans for this. The first phase is expected to sell 248.34 acres at Rs 10 crore per acre. The state government has set a target of raising Rs 2,480 crore from the sale of land in the first tranche. Andhra Pradesh High Court orders construction and infrastructure to be provided in the capital Amravati. This requires large-scale funding. Against this backdrop, the YS Jaganmohan Reddy government has decided to sell some of the land within the capital to raise funds. The AP government has recently issued 389G.O. allowing the sale of land through auction. In these orders issued by the Municipal Department, it was stated that the lands should be sold through auction within the next month (July).

The previous government had allotted 100 acres for the construction of a B.R Shetty Medicity in Amravati, the capital of Navyandhra Pradesh. Similarly the government agreed to give 148 acres for the construction of King’s College London. But, the respective companies have not yet taken up the structures. With this, the CRDA decided to auction the land. It is learned that directives to this effect have been issued to the authorities at a recent review meeting held by CM YS Jagan on the Municipal Department.

With the banks not coming forward to lend for the construction of Amravati, it seems that CRDA is in the process of raising its own funds. As part of this it was decided to sell the lands.


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