Andhra Pradesh’s 60-40 Model Reduces MIG Plot Costs
VISAKHAPATNAM: The Andhra Pradesh government has initiated registrations for middle-income group (MIG) plots under the Dr. NTR Smart Township scheme, utilizing a 60–40 model. In this approach, 60% of the land value is categorized as the sale price while 40% represents development charges, effectively lowering registration fees by 40%. Plot owners are projected to save between ₹60,000 and ₹1 lakh, depending on the size of the plot, with layouts like Palavalasa near Anandapuram already yielding benefits. With MIG layouts being developed statewide, this initiative is expected to positively impact thousands, leading to total savings in the crores. Specifically, in the…