MAUD Minister Ponguru Narayana indicates that construction work at Amaravati will start on December 1, with a projected cost of Rs 60,000 crore. He urges real estate developers to cooperate with the government and follow stipulated norms.
AmaravatiAndhra PradeshReal EstateConstructionSustainable CityReal EstateAug 24, 2024
December 1
Rs 60,000 crore
Four years
The government plans to ease norms and provide a single window system for permits, and is focusing on making the city eco-friendly.
The current status of Amaravati is being studied by experts, and this study will be completed in three months.
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The Reserve Bank of India's clampdown on unsecured loans has led to a decline in bank credit growth, with personal and agriculture loans being the most affected. Meanwhile, industrial credit demand has seen a significant increase.
Prime Minister Narendra Modi has laid the foundation stone for the Vadhvan Port in Maharashtra, marking a significant milestone in India's maritime infrastructure development.
The BKC underground bullet train station, 75% complete, is poised to significantly boost Mumbai's real estate market, attracting investors and developers alike.