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

Amaravati Capital Region: CRDA opens invitations for infrastructure tenders worth INR 1206 crore

07 Jan 2025

The Andhra Pradesh Capital Region Development Authority (CRDA) has called for tenders for construction projects worth INR 1206 crore as part of the Greenfield Amaravati Capital project. The tenders focus on developing basic infrastructure such as roads, drainage, and water supply in specific zones of the capital region. Bids are due by January 21, with work expected to commence in February. The CRDA is also preparing additional tenders for major constructions, including key government buildings. The residential quarters for government officials, previously halted, are expected to be completed soon, marking a significant milestone.Read more

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Amaravati development projects on track for completion by 2025

Vidhi Sangoi

27 Dec 2024

Minister for Municipal Administration and Urban Development Ponguru Narayana announced that Amaravati's development projects, including 1.18 lakh TIDCO housing units, are set for completion by June 2025. During the CRDA's 44th meeting, it was revealed that INR 102 crore has been allocated to address non-performing assets within TIDCO housing, ensuring progress on stalled units. The CRDA has also approved road projects worth INR 2,723 crore in Zones 7 and 10, with tenders to be issued by January 2025. The government has cleared developmental works totaling INR 47,288 crore, emphasizing a balanced approach to infrastructure across Andhra Pradesh's 26 districts.Read more

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Amaravati: CRDA to invite tender for development projects worth INR 11,467 crore

PNT Reporter

10 Dec 2024

The Capital Region Development Authority (CRDA) announced plans to invite tenders for various projects totaling INR 11,467 crore, including significant construction works in Amaravati. During the 41st CRDA meeting chaired by Chief Minister Chandrababu Naidu, approvals were granted for the construction of 360 kilometers of trunk roads costing INR 2,498 crore, along with reservoirs and gravity canals valued at INR 1,585 crore. Additionally, residential complexes for officers will be constructed with a budget of INR 3,523 crore. The Minister for Municipal Administration and Urban Development confirmed that tenders for these projects would be issued immediately, with work set to begin in January.Read more

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Andhra Pradesh Government considers withdrawing land acquisition notification in Amaravati

PNT Reporter

18 Mar 2024

The Andhra Pradesh government plans to withdraw the 2016 land acquisition notification for 4,300 acres in Amaravati due to litigation issues. The move, promised by the YSRCP before the last elections, aims to address farmer opposition and fulfil campaign pledges. CRDA and Guntur district administrations are tasked with completing the withdrawal process before election notifications. However, this decision sparks controversy as it affects the Amaravati master plan and recent high court rulings. Despite initial notifications, only 180 acres were acquired by 2019, with most farmers obtaining stay orders against acquisition.Read more

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Andhra Pradesh HC seeks clarification from government on housing constructions in R5 zone

12 Jul 2023

The Andhra Pradesh High Court has requested clarification from the state government regarding permission granted by the Supreme Court for the distribution of house sites and construction of houses in the R-5 zone, as well as details on any plans for housing construction in the proposed zone. Farmers, represented by welfare associations, have filed a petition challenging the construction of houses in the R-5 zone, citing violations of building rules and land transfers. The court has scheduled further hearings for July 11 to examine the case in detail and analyse arguments from both parties.Read more

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CRDA allocates additional land for house sites in Guntur and NTR districts

PNT Reporter

18 May 2023

The Capital Region Development Authority (CRDA) has allocated an additional 268 acres of land to meet the demand for house sites in the districts of Guntur and NTR. This comes on top of the previously allocated 1,134 acres. The decision was made in response to requests from the district collectors who identified insufficient land to accommodate all applicants. The allocation includes 168 acres for NTR district and 100 acres for Guntur district. The state government aims to distribute the house sites to the needy this week, improving their living conditions.Read more

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