Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Location : Amravati

CM Naidu seeks INR 10,000 crore under SASCI, urges grant for Amaravati capital project

Andhra Pradesh Chief Minister Shri N Chandrababu Naidu urged Union Finance Minister Smt Nirmala Sitharaman to sanction an additional INR 10,000 crore for the state in the upcoming fiscal year, specifically under the Special Assistance to States on Capital Investment (SASCI) scheme. Highlighting persistent financial constraints due to state bifurcation, Naidu also sought funds for the ambitious Amaravati capital project. Separately, the Chief Minister participated in a crucial meeting yesterday with Union Jal Shakti Minister CR Patil and his Telangana counterpart, addressing long-standing inter-state water management issues, signaling a multi-faceted push for state development and resource resolution.Read more

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NaBFID to advise APCRDA on funding models for INR 80,000 crore Amaravati projects

The Andhra Pradesh Capital Region Development Authority (APCRDA) has signed an MoU with the National Bank for Financing Infrastructure and Development for Transaction Advisory Services. This aims to design a financial blueprint for infrastructure projects in Amaravati. The institution will help formulate financial strategies, evaluate public-private partnership models, and identify revenue sources from land assets. This partnership seeks to strengthen the financial ecosystem for Amaravati's development, optimizing capital deployment for its transformation into a world-class capital city.Read more

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Amaravati gets fresh push with new land pooling policy and major infrastructure plans

The Andhra Pradesh government has notified a new land pooling policy for the Amaravati capital region, reviving its flagship greenfield development plan. While the old city core remains under the original 2015 scheme, this updated policy applies to an extended capital region and aims to bring in an additional ~40,000 acres on top of the ~54,000 acres already pooled. The scheme is voluntary, Aadhaar-based, and offers landowners reconstituted developed plots, annuities, and a package of social entitlements including free education, healthcare, and a one-time farm loan waiver of up to INR 150,000. The policy guarantees infrastructure development within three years of plot allotment and marks a renewed push to position Amaravati as a modern, people-first capital.Read more

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Amaravati to become world's first city powered entirely by renewable energy

Amaravati, Andhra Pradesh's upcoming capital, is on track to be the world's first city powered entirely by renewable energy. With a INR 65,000 crore master plan spanning 217 sq km, the city targets 2,700 MW from solar, wind, and hydro sources. Green buildings, rooftop solar, district cooling, EV infrastructure, and a renewable-powered metro form key pillars. Backed by CM N. Chandrababu Naidu's vision, Amaravati aligns with India's clean energy goals and aims to serve as a national model for sustainable urban development. The project's revival, with PM Modi expected to lay its foundation, marks a major milestone in India's climate leadership efforts.Read more

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Amaravati's INR 65,000 crore capital city project resumes after five-year freeze

Construction work has finally resumed on the Amaravati capital city project in Andhra Pradesh after a five-year hiatus. Estimated to cost INR 65,000 crore, the project envisions a world-class urban centre designed by UK-based Foster and Partners. With financial backing from the Indian government, international lenders, and HUDCO, the development is planned to be completed in phases, with Phase-1 targeted for completion in the next three years. The city is expected to generate 1.5 million jobs, house 3.5 million residents, and contribute USD 35 billion to GDP by 2050.Read more

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Centre releases over INR 4,200 crore to revive Amaravati capital project

The Central Government has disbursed over INR 4,200 crore to Andhra Pradesh for the much-delayed Amaravati capital city project, following the release of USD 205 million by the World Bank. This forms part of the larger funding support of USD 1,600 million jointly committed by the World Bank and the Asian Development Bank (ADB). With the Centre contributing an additional INR 1,400 crore, total funding for the first phase now stands at around INR 15,000 crore. The Amaravati capital project, long mired in political and legal uncertainty, appears set for a revival, with a formal relaunch of construction expected soon.Read more

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Amaravati Capital Region: CRDA opens invitations for infrastructure tenders worth INR 1206 crore

The Andhra Pradesh Capital Region Development Authority (CRDA) has called for tenders for construction projects worth INR 1206 crore as part of the Greenfield Amaravati Capital project. The tenders focus on developing basic infrastructure such as roads, drainage, and water supply in specific zones of the capital region. Bids are due by January 21, with work expected to commence in February. The CRDA is also preparing additional tenders for major constructions, including key government buildings. The residential quarters for government officials, previously halted, are expected to be completed soon, marking a significant milestone.Read more

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Amaravati development projects on track for completion by 2025

Vidhi Sangoi

Minister for Municipal Administration and Urban Development Ponguru Narayana announced that Amaravati's development projects, including 1.18 lakh TIDCO housing units, are set for completion by June 2025. During the CRDA's 44th meeting, it was revealed that INR 102 crore has been allocated to address non-performing assets within TIDCO housing, ensuring progress on stalled units. The CRDA has also approved road projects worth INR 2,723 crore in Zones 7 and 10, with tenders to be issued by January 2025. The government has cleared developmental works totaling INR 47,288 crore, emphasizing a balanced approach to infrastructure across Andhra Pradesh's 26 districts.Read more

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Amaravati: CRDA to invite tender for development projects worth INR 11,467 crore

PNT Reporter

The Capital Region Development Authority (CRDA) announced plans to invite tenders for various projects totaling INR 11,467 crore, including significant construction works in Amaravati. During the 41st CRDA meeting chaired by Chief Minister Chandrababu Naidu, approvals were granted for the construction of 360 kilometers of trunk roads costing INR 2,498 crore, along with reservoirs and gravity canals valued at INR 1,585 crore. Additionally, residential complexes for officers will be constructed with a budget of INR 3,523 crore. The Minister for Municipal Administration and Urban Development confirmed that tenders for these projects would be issued immediately, with work set to begin in January.Read more

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Andhra Pradesh Government considers withdrawing land acquisition notification in Amaravati

PNT Reporter

The Andhra Pradesh government plans to withdraw the 2016 land acquisition notification for 4,300 acres in Amaravati due to litigation issues. The move, promised by the YSRCP before the last elections, aims to address farmer opposition and fulfil campaign pledges. CRDA and Guntur district administrations are tasked with completing the withdrawal process before election notifications. However, this decision sparks controversy as it affects the Amaravati master plan and recent high court rulings. Despite initial notifications, only 180 acres were acquired by 2019, with most farmers obtaining stay orders against acquisition.Read more

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Andhra Pradesh HC seeks clarification from government on housing constructions in R5 zone

The Andhra Pradesh High Court has requested clarification from the state government regarding permission granted by the Supreme Court for the distribution of house sites and construction of houses in the R-5 zone, as well as details on any plans for housing construction in the proposed zone. Farmers, represented by welfare associations, have filed a petition challenging the construction of houses in the R-5 zone, citing violations of building rules and land transfers. The court has scheduled further hearings for July 11 to examine the case in detail and analyse arguments from both parties.Read more

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CRDA allocates additional land for house sites in Guntur and NTR districts

PNT Reporter

The Capital Region Development Authority (CRDA) has allocated an additional 268 acres of land to meet the demand for house sites in the districts of Guntur and NTR. This comes on top of the previously allocated 1,134 acres. The decision was made in response to requests from the district collectors who identified insufficient land to accommodate all applicants. The allocation includes 168 acres for NTR district and 100 acres for Guntur district. The state government aims to distribute the house sites to the needy this week, improving their living conditions.Read more

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