Tag: Andhra Pradesh

IndustryLatest Stories

AP Government Provides 50% VLT Relief to Stimulate Construction

VIJAYAWADA: In a notable policy shift aimed at alleviating the financial burden on property owners while boosting construction activity, the state government has decided to implement a 50% discount on vacant land tax during the construction process. This change was made in accordance with recent amendments to the existing legislation approved by the state assembly. According to the updated provisions, property owners engaged in construction will now only need to pay half of the vacant land tax during the construction period, effective from the start of construction until the occupancy certificate is issued. Officials believe this move will encourage timely…

InfrastructureLatest Stories

Andhra CM Unveils ₹40,000 Lease per Acre for Amaravati Phase II

Representative AI image AMARAVATI: Andhra Pradesh Chief Minister N Chandrababu Naidu has announced a lease of Rs 40,000 per acre for a decade to farmers participating in the second phase of the Land Pooling Scheme for the new capital city, Amaravati. Additionally, the chief minister pledged to increase the lease amount by Rs 3,000 annually and provide a crop loan up to Rs 1.5 lakh per household, according to a press release issued on Saturday. Municipal Minister P Narayana stated on April 10 that a total of 31,150 farmers have contributed nearly 34,983 acres, including 1,000 acres from Pedaparimi village…

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AP government accelerates LRS clearances before April 23 deadline

Representative AI image VIJAYAWADA: As the deadline for the Layout Regularisation Scheme (LRS) approaches next week, the state government is increasing efforts to boost revenue by accelerating the processing of outstanding applications in urban local bodies. Municipal Administration and Urban Development Minister P. Narayana conducted a review with town planning officials and municipal commissioners via teleconference, urging them to immediately process all eligible applications. He emphasized that undue delays not only inconvenience applicants but also hamper the state’s revenue collection efforts. The minister stated that town planning officials and commissioners would be held accountable for any lapses in application processing.…

InfrastructureLatest Stories

Land Pooling Scheme 2.0 Accelerates in Amaravati Following APSRA Change

Representative image VIJAYAWADA: The recent amendment to the Andhra Pradesh State Reorganisation Act (APSRA), designating Amaravati as the state capital, has alleviated doubts, leading to increased participation from farmers in villages involved in the second phase of the Land Pooling Scheme (LPS 2.0). Reports indicate that farmers from Pedaparimi village have offered up 1,000 acres of land. To foster the development of a greenfield airport, a sports complex, and high-tech industries, the state government has revealed plans to acquire an additional 16,666 acres from neighboring villages within the Thulluru, Tadikonda, and Pedakurapadu mandals. Initially, only a small number of farmers…

InfrastructureLatest Stories

Andhra Pradesh to Use Land Sales, Not Taxes, for Amaravati Debt

AMARAVATI: Andhra Pradesh Municipal Minister P Narayana announced on Saturday that the debts related to the greenfield capital city of Amaravati will be resolved by selling 5,000 acres of land, rather than using taxpayer funds. The minister remarked that the state has allocated 5,000 acres in Amaravati, estimating that each acre could be valued at Rs 20 crore by the time construction of the greenfield capital is finalized. “We will not utilize the taxes paid by citizens to settle Amaravati’s debts. Instead, we will clear them through the sale of 5,000 acres of land in Amaravati,” Narayana stated in an…

InfrastructureLatest Stories

Parliament Approves Amaravati as Andhra Pradesh’s New Capital

Sure! Here’s a rewritten version of the content: — NEW DELHI: On Thursday, the Parliament successfully passed the AP Reorganisation Bill, with the Rajya Sabha endorsing the legislation that grants official status to Amaravati as the permanent capital of Andhra Pradesh. Chief Minister N. Chandrababu Naidu hailed this as a “historic moment for the state,” while his son and state IT Minister, Nara Lokesh, characterized it as a “homecoming” for the people, emphasizing that the legal recognition would significantly boost private sector investment in the new capital. The bill was approved through a voice vote, with all political parties supporting…

Latest StoriesResidential

Andhra Pradesh Offers 50% Waiver on Property Tax Dues

VIJAYAWADA: The state government announced on Tuesday a one-time 50% waiver on interest for accumulated property tax arrears for the financial year 2025-26 across all municipalities and municipal corporations. This waiver is accessible to taxpayers who pay 100% of the principal property tax dues, as well as the remaining 50% interest, in a single lump-sum payment by March 31. The government specified that this offer is time-limited and will not be extended. Additionally, any interest that has already been paid will not be refunded and can only be adjusted against future tax demands as per existing provisions. Property tax is…

Latest StoriesRera

Andhra RERA Chief: Builders Must Register Projects Mandatorily

VISAKHAPATNAM: A Siva Reddy, the chairman of AP RERA, has mandated that all housing projects in the state covering an area of 500 square meters or more, or featuring more than eight apartments, must register with the AP RERA Authority. Reddy highlighted the construction sector’s significance as the second most vital economic sector after agriculture. He mentioned that awareness programs are being conducted statewide to educate both the public and builders about the RERA Act. “The Act aims to enhance the construction sector’s development while protecting and ensuring homebuyer welfare. Projects that fail to register with RERA will be subjected…

Latest StoriesResidential

AP CM vows housing for all poor by 2029

AMARAVATI: Andhra Pradesh Chief Minister N. Chandrababu Naidu announced on Friday that his government is committed to providing housing for all the poor by 2029. He plans to allocate housing plots for those without land. In his address to the Assembly, Naidu urged eligible beneficiaries who have yet to receive a house to apply. He assured that both the central and state governments would shoulder the responsibility of housing for all. “We are dedicated to constructing homes for all the poor by 2029 and providing housing plots to those who lack land,” Naidu stated, emphasizing the government’s goal to house…

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Andhra Pradesh Cuts Vacant Land Tax by 50% During Building

AMARAVATI: The Andhra Pradesh Assembly approved amendments to the Municipal Act on Wednesday to reduce financial burdens on builders and enhance transparency in construction procedures. The first amendment permits builders to pay only 50% of the vacant land tax during the construction period, effective from when building permission is granted until the Occupancy Certificate is issued. The second amendment removes “leprosy” from municipal terminology. The assembly also sanctioned an amendment allowing builders to pay just 50% of the vacant land tax during the construction phase. Minister Narayana emphasized that these changes were aimed at promoting Ease of Doing Business, encouraging…