Tag: Amaravati

InfrastructureLatest Stories

World Bank to Release $200M for Amaravati by December 2025

AMARAVATI: The World Bank has committed USD 800 million for the development of Amaravati Capital Phase-I and is anticipated to release the second installment of USD 200 million by the end of this year, according to a senior official from the Andhra Pradesh government. The World Bank and the Asian Development Bank (ADB) are each contributing USD 800 million, totaling USD 1.6 billion (approximately Rs 13,600 crore), for the Phase-I development of Amaravati. In addition, the Centre will contribute Rs 1,400 crore from its overall commitment of Rs 15,000 crore for this phase. As part of its commitment, the World…

Latest StoriesRera

RERA Warns Against Unregistered Real Estate Agents in AP

AMARAVATI: The Andhra Pradesh Real Estate Regulatory Authority (APRERA) issued a warning on Thursday against engaging with unregistered real estate agents, instructing them to register within 30 days. APRERA emphasized that operating without registration constitutes a significant violation of the Real Estate (Regulation and Development) Act, 2016. “We have alerted the public regarding dealings with unregistered agents and mandated these agents to secure their registration within the stipulated 30 days,” stated APRERA Chairperson S. Suresh Kumar in an official announcement. Kumar noted that trust is vital in the real estate sector, where agents play an essential role in influencing homebuyers’…

Latest StoriesResidential

Andhra CM: Speed Up Welfare Housing for Poorer Sections

AMARAVATI: Andhra Pradesh Chief Minister N Chandrababu Naidu announced on Wednesday plans to expedite welfare housing initiatives for economically disadvantaged groups. His target is to complete 10 lakh houses by March 2026. Naidu envisions that three lakh houses should have their housewarming ceremonies next month, while two lakh additional homes should be allocated to beneficiaries by the Sankranti festival. “Every poor family in the state should have their own home. The welfare housing initiatives must be realized swiftly. We aim to reach one million houses by March 2026,” Naidu stated in a press release. In a review of the housing…

IndustryLatest Stories

Andhra CM Urges Amaravati Allottees to Finish Projects Promptly

AI-generated Representative Image AMARAVATI: Andhra Pradesh Chief Minister N Chandrababu Naidu emphasized on Tuesday that all institutions assigned land in the greenfield capital city of Amaravati must adhere to the specified timelines for their construction projects, insisting that no extensions beyond the deadline will be tolerated. During a review of land allocations to various public and private entities within the Capital Region Development Authority limits, the chief minister made it clear that construction must commence without delay. “Those who have received land must initiate construction as promised. Projects should be completed within two-and-a-half to three years. There will be no…

InfrastructureLatest Stories

CRDA Approves 20,494 Acres for Amaravati Capital Region

AI-generated Representative Image AMARAVATI: At the 50th meeting of the Capital Region Development Authority (CRDA) led by Chief Minister N Chandrababu Naidu on Saturday, the authority approved the pooling of an additional 20,494 acres from seven villages in the greenfield capital of Amaravati. According to an official press release, this land will come from four villages in Amaravati mandal and three in Thullur mandal. The press release stated, “CRDA Authority approved land pooling of an additional 20,494 acres from four villages in Amaravati mandal and three villages in Thullur mandal.” With a current land bank of 54,000 acres set aside…

InfrastructureLatest Stories

Andhra Pradesh Reveals Capital Land Pooling Scheme Rules, 2025

AMARAVATI: On Tuesday, the Andhra Pradesh government announced the Andhra Pradesh Capital Region Land Pooling Scheme (Formulation and Implementation) Rules, 2025, which will oversee the innovative land pooling method necessary for the development of the greenfield capital city, Amaravati. S. Suresh Kumar, Principal Secretary for Municipal Administration and Urban Development, stated that these rules will apply to the ‘capital region,’ while the ‘capital city area’ will still follow the guidelines set by the Andhra Pradesh Capital City Land Pooling Scheme (Formulation and Implementation) Rules of 2015. The scheme is designed to align with the government’s vision of creating a ‘People’s…