- Tag results for CRDA
It may be noted that the APCRDA is in the process of borrowing Rs 10,000 crore from various banks as loans for infrastructure development in Amaravati.
The authority also formally approved Amaravati Government Complex (AGC) master plan, submitted by the Foster + Partners.
The exercise of determining face value, interest and other details will be finalised shortly.
While land monetisation, for which the authority reserved 5,000 acres, will be used to generate most of the income, the leasing of utilities will be the other sources.
The Andhra Pradesh Capital Region Development Authority (APCRDA) has initiated the process of development of an Information Technology (IT) park in the capital region.
The authority had also faced criticism in August for issuing bonds worth Rs 2,000 crore at 10.32 per cent interest to be paid quarterly for a period of 10 years.
In the sessions, the authority will explain the project features and the process of booking to potential buyers.
He said that the capital will adopt 100 per cent green building concepts in its making.
The official added that the exercise to finalise the plan would begin after the authority is done with the sale of the remaining HappyNest flats announced for the public.
The GoM, headed by Finance Minister Yanamala Ramakrishnudu met in Vijayawada on Thursday.
According to officials, the facilities would include outdoor gym and amenities for sports including cricket, volleyball, basketball, badminton and others.
The Andhra Pradesh Capital Region Development Authority (APCRDA) postponed the bookings for the second spell of HappyNest flats to be built in Amaravati.
The commissioner added that the sale of 300 more flats will be held on November 15.
He explained that while the estimated time of construction was three years, the flats could be handed over between 24 to 30 months.
He instructed the CRDA officials to adopt a five-pronged strategy to ensure transparency in providing smart homes of an international standard to all sections of people in the capital city.