SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Amaravati

APCRDA signs agreement with Kandhari Hotels for three-star hotel in Amaravati

18 Mar 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has entered into an Agreement for Sale of Land with Kandhari Hotels Private Limited for the development of a three-star hotel in Amaravati. The company plans to invest around INR 80 crore to establish the hotel, which will enhance the city's hospitality facilities and serve visitors, business travellers, and institutions. APCRDA allocated 1 acre of land in Thulluru village for this project. Officials noted that such investments will support Amaravati's growth as an administrative and economic center while boosting tourism, employment, and the service sector.Read more

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Foundation stone laid for new fire station in Amaravati government complex

17 Mar 2026

The State Government is enhancing emergency services in Amaravati by constructing fire stations at key locations. A new station will be established on a 50-cent site at Nelapadu within the Amaravati Government Complex, home to major administrative offices. Director General of Fire Services P. V. Ramana laid the foundation stone, with construction managed by the AP Police Housing Corporation at a cost of INR 1.28 crore. The project is set for completion by November 2026, reflecting the government's commitment to strengthening fire safety infrastructure.Read more

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APCRDA holds quarterly grievance redressal meeting, stresses worker welfare and safety in Amaravati projects

17 Mar 2026

A quarterly meeting of the Grievance Redressal Committee (GRC) was recently conducted at the headquarters of Andhra Pradesh Capital Region Development Authority in Rayapudi to review complaints and operational issues related to ongoing development works in the capital region. The meeting was chaired by Deputy Collector and Grievance Redressal Mechanism nodal officer P. Jayashree and attended by grievance officers and member secretaries from various committees. Discussions focused on labour welfare, wage-related complaints, safety awareness for residents and students, and compliance with traffic and operational guidelines at project sites across Amaravati.Read more

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SVR Srinivas reviews progress of Amaravati government complex projects

15 Mar 2026

Managing Director of Amaravati Growth & Infrastructure Corporation Limited, SVR Srinivas, recently inspected major construction works underway in the capital city of Amaravati. The visit covered key sites within the Amaravati Government Complex including the Legislative Assembly building, Lok Bhavan and the Happy Nest residential project. During the visit, the Managing Director assessed construction progress and held review discussions with contractors and engineering teams involved in the developments. Officials briefed him on the status of the works. He instructed teams to maintain quality standards and complete the projects within the planned timelines set for the capital's infrastructure development.Read more

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New K-12 international school project moves ahead in Amaravati after agreement with APCRDA

14 Mar 2026

Development of educational infrastructure in Amaravati has moved forward with the completion of a lease agreement between Andhra Pradesh Capital Region Development Authority (APCRDA) and Touch Stone Educational Foundation for setting up Basil Woods International School. The school will be built on around four acres with an investment of about INR 40 crore and will cater to students from kindergarten to Class 12. Planned with international standards, the campus will include modern classrooms, laboratories, sports infrastructure and other facilities. The institution is expected to accommodate nearly 2,000 students and contribute to employment generation while strengthening Amaravati's position as an emerging education hub.Read more

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AGICL MD reviews ongoing construction projects in Amaravati

14 Mar 2026

AGICL Managing Director SVR Srinivas carried out inspections at major construction projects in Amaravati, including the Gazetted Officers Housing, Amaravati Government Complex Infra, and GAD Tower 1 and 2. During the visits, he engaged with contractors and engineering teams to assess progress and understand project updates. Following the site inspections, he conducted a detailed review session to ensure that construction work adheres to set quality standards and timelines. This initiative reflects AGICL's focus on maintaining efficient and high-quality infrastructure development in the capital.Read more

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Bhumi Pooja marks start of DoubleTree by Hilton hotel and convention center in Amaravati

14 Mar 2026

Malaxmi Infra Ventures India Pvt. Ltd. has begun work on a five-star DoubleTree by Hilton hotel and an adjoining convention center in Amaravati. Spanning six and a half acres, the project will include 200 hotel rooms and a convention facility accommodating 10,000 people, with a total investment of INR 330 crore. Key officials and dignitaries attended the Bhumi Pooja, marking a significant addition to Amaravati's hospitality and event infrastructure.Read more

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IDBI Bank signs lease agreement to set up INR 50 crore office in Amaravati

13 Mar 2026

IDBI Bank has moved ahead with plans to establish a new office in Amaravati after signing a lease agreement with the Andhra Pradesh Capital Region Development Authority (APCRDA). The bank has been allotted 0.4 acres of land in Uddandarayunipalem where it plans to develop its office with an investment of about INR 50 crore. The project is expected to generate around 200 employment opportunities. Officials from IDBI Bank and APCRDA completed the agreement and registration process in the presence of senior representatives, marking another institutional investment in the developing capital region.Read more

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Infrastructure works gather pace as AGICL MD reviews Amaravati Development Projects

10 Mar 2026

Amaravati Growth & Infrastructure Corporation Ltd. Managing Director S. V. R. Srinivas conducted an on-site inspection of key infrastructure and institutional projects underway in Amaravati to review progress and ensure timely execution. The visit included inspections of the MLA and MLC Housing projects, the NGO Housing project, and the High Court development site. During the review, Srinivas also held discussions with project representatives regarding the construction of bungalows for judges, ministers and secretaries. The inspection further covered the progress of Amaravati Government Complex (AGC) roads and underground utilities works, which form a core component of the city's integrated infrastructure network. Emphasising quality and adherence to timelines, Srinivas directed officials and contractors to accelerate construction activities while ensuring coordination across departments involved in the development of Amaravati.Read more

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Amaravati farmers submit 23 grievances during APCRDA grievance day in Rayapudi

10 Mar 2026

Farmers and residents from the Amaravati Capital Region recently submitted petitions during a Grievance Day programme organised at the headquarters of the Andhra Pradesh Capital Region Development Authority in Rayapudi. A total of 23 complaints were recorded, most of them related to land matters, including issues concerning returnable plots and land pooling. APCRDA Commissioner K. Kannababu reviewed the petitions and stated that each case would be examined and resolved at the earliest. Officials also reiterated that the grievance programme would continue every Saturday, while the Citizen Grievance Centre will accept petitions on all working days.Read more

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Agreement executed for India International University of Legal Education and Research campus in Amaravati

10 Mar 2026

An agreement has been registered for the establishment of the India International University of Legal Education and Research (IIULER) in Amaravati, marking a new addition to the region's education infrastructure. The Andhra Pradesh Capital Region Development Authority has allotted 55 acres of land at Sakhamuru in the capital city for the project. The university will be developed by the Bar Council of India Trust PEARL FIRST with a planned investment of around INR 300 crore in phases. The project is expected to support legal education, research and international academic collaboration while also creating employment opportunities and strengthening the academic ecosystem in Amaravati.Read more

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Bhumi Pooja marks beginning of Chinmaya Vidyalaya in Amaravati

08 Mar 2026

Chinmaya Vidyalaya is set to be established in Amaravati with a Bhumi Pooja and foundation stone laying ceremony conducted by Swami Swaroopananda, the Global Head of Chinmaya Mission. Minister Nadendla Manohar and MLA Tenali Sravan Kumar attended the event, showing support for the new school. The institution will occupy 3 acres in Nelapadu and is expected to strengthen the educational framework in the capital. Officials also provided detailed explanations of layouts related to the Negotiated Settlement Policy in Mandam village, highlighting careful planning and execution for the project.Read more

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Andhra Pradesh moves ahead with phase II of Amaravati master plan, invites global bids

30 Jan 2026

The Andhra Pradesh government has advanced Amaravati's development by launching phase II of the capital city project, covering nearly 16,000 acres under the land pooling scheme. Global consultancy firms have been invited to prepare a master plan integrating infrastructure, zoning, and economic strategies. The plan prioritizes residential, commercial, institutional, industrial, and green zones, along with major facilities like a global sports arena and an international airport. The initiative aims to prevent unplanned growth, provide long-term value for landowners, and ensure seamless integration with the existing phase I layout.Read more

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CRDA clears over INR 1,300 crore for layout and core infrastructure works in Amaravati

23 Dec 2025

The Capital Region Development Authority has approved investments of over INR 1,300 crore for developing layouts and strengthening core infrastructure in Amaravati. The approvals cover layout works in the land pooling zones, a major flood pumping station, a quantum computing research facility, upgrades to residential buildings for senior officers, and additional institutional construction. The authority has also decided to set up a committee to resolve land classification issues involving 202 acres. The decisions signal a renewed focus on planned and time-bound capital development.Read more

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CM Naidu seeks INR 10,000 crore under SASCI, urges grant for Amaravati capital project

17 Jul 2025

Andhra Pradesh Chief Minister Shri N Chandrababu Naidu urged Union Finance Minister Smt Nirmala Sitharaman to sanction an additional INR 10,000 crore for the state in the upcoming fiscal year, specifically under the Special Assistance to States on Capital Investment (SASCI) scheme. Highlighting persistent financial constraints due to state bifurcation, Naidu also sought funds for the ambitious Amaravati capital project. Separately, the Chief Minister participated in a crucial meeting yesterday with Union Jal Shakti Minister CR Patil and his Telangana counterpart, addressing long-standing inter-state water management issues, signaling a multi-faceted push for state development and resource resolution.Read more

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NaBFID to advise APCRDA on funding models for INR 80,000 crore Amaravati projects

16 Jul 2025

The Andhra Pradesh Capital Region Development Authority (APCRDA) has signed an MoU with the National Bank for Financing Infrastructure and Development for Transaction Advisory Services. This aims to design a financial blueprint for infrastructure projects in Amaravati. The institution will help formulate financial strategies, evaluate public-private partnership models, and identify revenue sources from land assets. This partnership seeks to strengthen the financial ecosystem for Amaravati's development, optimizing capital deployment for its transformation into a world-class capital city.Read more

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Amaravati gets fresh push with new land pooling policy and major infrastructure plans

03 Jul 2025

The Andhra Pradesh government has notified a new land pooling policy for the Amaravati capital region, reviving its flagship greenfield development plan. While the old city core remains under the original 2015 scheme, this updated policy applies to an extended capital region and aims to bring in an additional ~40,000 acres on top of the ~54,000 acres already pooled. The scheme is voluntary, Aadhaar-based, and offers landowners reconstituted developed plots, annuities, and a package of social entitlements including free education, healthcare, and a one-time farm loan waiver of up to INR 150,000. The policy guarantees infrastructure development within three years of plot allotment and marks a renewed push to position Amaravati as a modern, people-first capital.Read more

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Amaravati to become world's first city powered entirely by renewable energy

23 Apr 2025

Amaravati, Andhra Pradesh's upcoming capital, is on track to be the world's first city powered entirely by renewable energy. With a INR 65,000 crore master plan spanning 217 sq km, the city targets 2,700 MW from solar, wind, and hydro sources. Green buildings, rooftop solar, district cooling, EV infrastructure, and a renewable-powered metro form key pillars. Backed by CM N. Chandrababu Naidu's vision, Amaravati aligns with India's clean energy goals and aims to serve as a national model for sustainable urban development. The project's revival, with PM Modi expected to lay its foundation, marks a major milestone in India's climate leadership efforts.Read more

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Amaravati's INR 65,000 crore capital city project resumes after five-year freeze

17 Apr 2025

Construction work has finally resumed on the Amaravati capital city project in Andhra Pradesh after a five-year hiatus. Estimated to cost INR 65,000 crore, the project envisions a world-class urban centre designed by UK-based Foster and Partners. With financial backing from the Indian government, international lenders, and HUDCO, the development is planned to be completed in phases, with Phase-1 targeted for completion in the next three years. The city is expected to generate 1.5 million jobs, house 3.5 million residents, and contribute USD 35 billion to GDP by 2050.Read more

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Centre releases over INR 4,200 crore to revive Amaravati capital project

14 Apr 2025

The Central Government has disbursed over INR 4,200 crore to Andhra Pradesh for the much-delayed Amaravati capital city project, following the release of USD 205 million by the World Bank. This forms part of the larger funding support of USD 1,600 million jointly committed by the World Bank and the Asian Development Bank (ADB). With the Centre contributing an additional INR 1,400 crore, total funding for the first phase now stands at around INR 15,000 crore. The Amaravati capital project, long mired in political and legal uncertainty, appears set for a revival, with a formal relaunch of construction expected soon.Read more

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