CRDA Approves 59 Tenders Worth Rs 377.02 Bn; Amaravati Work Soon
Real Estate

CRDA Approves 59 Tenders Worth Rs 377.02 Bn; Amaravati Work Soon

The Capital Region Development Authority (CRDA) has approved 59 tenders for infrastructure development projects in Amaravati, amounting to Rs 377.02 billion. These projects will commence following the State Cabinet’s approval, which is scheduled for March 17.

Initially, tenders were invited for 73 projects worth Rs 480.12 billion, as they had already received Cabinet clearance. Out of these, the CRDA has sanctioned 59 tenders. A Letter of Intent will soon be issued for the approved works. Of the total sanctioned projects, 22 fall within the CRDA limits, with an estimated cost of Rs 226.07 billion, while the remaining 37 projects, overseen by Amaravati Development Corporation, account for Rs 150.95 billion. The development work will involve over 20,000 workers.

Additionally, the CRDA has approved land allotment for 31 organizations and extended the deadline for 11 others to modify their allocated locations. The proposal for location changes for two organizations has also been accepted.

The overall development cost of Amaravati Capital City is projected at Rs 640 billion. To fund the construction, revenue generated from surplus land—either through mortgaging or sales—will be utilised, ensuring that taxpayer contributions are not diverted for capital development. From the land acquired from farmers, the CRDA holds an excess of 6,203 acre, with 1,900 acre designated for allocation to various organizations.

These strategic approvals and financial planning measures aim to accelerate Amaravati’s development while maintaining fiscal discipline.

News source: The New Indian Express

The Capital Region Development Authority (CRDA) has approved 59 tenders for infrastructure development projects in Amaravati, amounting to Rs 377.02 billion. These projects will commence following the State Cabinet’s approval, which is scheduled for March 17. Initially, tenders were invited for 73 projects worth Rs 480.12 billion, as they had already received Cabinet clearance. Out of these, the CRDA has sanctioned 59 tenders. A Letter of Intent will soon be issued for the approved works. Of the total sanctioned projects, 22 fall within the CRDA limits, with an estimated cost of Rs 226.07 billion, while the remaining 37 projects, overseen by Amaravati Development Corporation, account for Rs 150.95 billion. The development work will involve over 20,000 workers. Additionally, the CRDA has approved land allotment for 31 organizations and extended the deadline for 11 others to modify their allocated locations. The proposal for location changes for two organizations has also been accepted. The overall development cost of Amaravati Capital City is projected at Rs 640 billion. To fund the construction, revenue generated from surplus land—either through mortgaging or sales—will be utilised, ensuring that taxpayer contributions are not diverted for capital development. From the land acquired from farmers, the CRDA holds an excess of 6,203 acre, with 1,900 acre designated for allocation to various organizations. These strategic approvals and financial planning measures aim to accelerate Amaravati’s development while maintaining fiscal discipline. News source: The New Indian Express

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle’. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India — from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans’ long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Next Story
Infrastructure Urban

Mphasis Partners with Sixfold to Revolutionize Insurance Underwriting with AI

Mphasis, a leading provider of cloud and cognitive technology solutions, today announced a strategic partnership with Sixfold, a US and UK-based artificial intelligence (AI) underwriting company, to enhance and streamline insurance underwriting processes. As a certified implementation partner, Mphasis will integrate Sixfold’s AI-powered platform to help insurers significantly accelerate submission intake, improve risk assessment accuracy, and reduce underwriting turnaround times. The solution, already in production at several leading carriers, is designed for Life & Disability, Comm..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?