AP: CRDA to sell 415 plots in Guntur, NTR districts
Real Estate

AP: CRDA to sell 415 plots in Guntur, NTR districts

The Capital Region Development Authority (CRDA) has unveiled plans to offer approximately four townships for the sale of plots in Guntur and NTR districts, extending a significant opportunity to the general public. A total of 415 residential and commercial plots are set to be auctioned in the near future, marking a significant development in the region's real estate landscape.
What sets this initiative apart is the CRDA's decision to collect registration and stamp duty for only 60 percent of the total cost, with the remaining 40 percent designated as a development cost. Additionally, buyers will have the option to pay the total amount in convenient installments within a year of their purchase, enhancing accessibility to property ownership.
The move aligns with the directive of Chief Minister YS Jagan Mohan Reddy, who has urged urban development authorities and municipal bodies to prepare layouts in close proximity to cities and towns. The aim is to lower house site prices, offering much-needed relief to the general populace. The emphasis is on developing essential infrastructure within these designated layouts, facilitating urban expansion towards the outskirts. This approach not only addresses congestion in existing cities and towns but also ensures that common citizens have access to property at more affordable rates.
The CRDA's decision to make plots available with flexible payment options underscores its commitment to fostering accessible and inclusive urban development in the region. As these townships become available for purchase, they are expected to contribute to the horizontal growth of urban areas, offering an avenue for individuals to acquire property at reasonable prices.

The Capital Region Development Authority (CRDA) has unveiled plans to offer approximately four townships for the sale of plots in Guntur and NTR districts, extending a significant opportunity to the general public. A total of 415 residential and commercial plots are set to be auctioned in the near future, marking a significant development in the region's real estate landscape.What sets this initiative apart is the CRDA's decision to collect registration and stamp duty for only 60 percent of the total cost, with the remaining 40 percent designated as a development cost. Additionally, buyers will have the option to pay the total amount in convenient installments within a year of their purchase, enhancing accessibility to property ownership.The move aligns with the directive of Chief Minister YS Jagan Mohan Reddy, who has urged urban development authorities and municipal bodies to prepare layouts in close proximity to cities and towns. The aim is to lower house site prices, offering much-needed relief to the general populace. The emphasis is on developing essential infrastructure within these designated layouts, facilitating urban expansion towards the outskirts. This approach not only addresses congestion in existing cities and towns but also ensures that common citizens have access to property at more affordable rates.The CRDA's decision to make plots available with flexible payment options underscores its commitment to fostering accessible and inclusive urban development in the region. As these townships become available for purchase, they are expected to contribute to the horizontal growth of urban areas, offering an avenue for individuals to acquire property at reasonable prices.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?