Amaravati's Revival: Hope Rises for Andhra Pradesh's Capital
Real estate agent Mehboob Khan is overwhelmed with messages as land prices surge due to the return of N Chandrababu Naidu and the TDP.
AmaravatiAndhra PradeshN Chandrababu NaiduTdpReal EstateCapital CityReal EstateJun 15, 2024
Frequently Asked Questions
What is behind the land-buying frenzy in Amaravati?
The return of N Chandrababu Naidu as Chief Minister of Andhra Pradesh and the favourable political alignment with the central government.
What is the current state of Amaravati?
Amaravati is currently in a state of shambles, with under-construction buildings standing like forgotten dreams, covered in dense thickets.
What was the original plan for Amaravati?
Naidu envisioned Amaravati as India's equivalent to Singapore, with a plan to set aside 4,000 acres of developed land out of the total 55,000 acres for commercial use, aiming to generate revenue through this development.
What challenges did Naidu face during his previous term?
Major multinationals were reluctant to relocate from Hyderabad to Amaravati, and a $1 billion loan from the World Bank never materialised.
What is the current status of the Amaravati project?
The project is poised for a revival, with the new TDP government making it a top priority, and experts suggesting Naidu is likely to receive substantial support for his dream capital project.
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