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The Central Government has plans to develop additional airports in Andhra Pradesh. It also intends to develop Vijayawada, Visakahapatnam and Tirupati airports as international airports.
The Union Government is setting up 30 mega food processing parks, with at least one in each state, in two phases.
Chennai-based True Value Homes (TVH) plans to invest about Rs 3,450 crore in residential projects in the next five to six years.
Delhi Metro Rail Corporation (DMRC) has been assigned the construction of metro rail projects in Visakhapatnam and VGTM (Vijaywada-Guntur-Tenali-Mangalagiri) area. Expected to be completed within three and half years, E Sreedharan, Principal Adviser of DMRC will be the adviser for the Andhra Pradesh metro project.
The real-estate sector in Andhra Pradesh has shrugged off the slowdown blues and developers are banking on users to spur the next phase of growth as against speculative buying a couple of years ago.
The Andhra Pradesh Government has issued orders to hand over 702 acre, abutting the existing airport at Tirupati, for free to the Airports Authority of India (AAI). This would be used for upgrading the facility into an international airport with modern amenities.
The long-pending work on the Chennai-Tirupati road will be completed in a year, as decks have been cleared for converting the two-lane road into four lanes.
Airports Authority of India (AAI) is planning to develop regional airports in Kurnool, Nellore, Tadepallig-udem, Ongole, Nizamabad and Ramagundam in the state of Andhra Pradesh.
The United Nations Industrial Development Organisation (UNIDO) has selected the hill town of Shimla for eco-labeling of hotels.
Tirupati Sarjan has launched a residential scheme of 352 flats in Ahmedabad. It comprises of 2-3 BHK flats. The total value of the scheme is Rs 100 crore,