Naidu banks on realtors for Amaravati development

Chief Minister Chandrababu Naidu is now banking on the real estate companies, both local and global, to develop the State capital. He held a meeting with the officials of the State government and the representatives of the real estate and infrastructure companies the other day, where he invited them with lucrative offers.

He drew some comparisons with planned cities like Chandigarh, Naya Raipur, Navi Mumbai and Gandhinagar in the country and Singapore and Dubai outside which have limited resources, while Amaravati is an open city. The city – Amaravati – has better infrastructure than any of these cities mentioned above, except Singapore and Dubai, which have acquired infrastructure and overcome the limitations over the years.

The Chief Minister claimed that Amaravati is world’s best destination with the abundant resources like, land, water, road, rail and air connectivity. As the city is being planned with wide roads, green covers and water bodies, he told the real estate companies that it would be the best place for people to live and work.

In an attempt to show-case the Amaravati city to the real estate companies, the Chief Minister welcomed them to come with their share of plans for the development and had promised to clear all permissions online within the shortest possible time frame.

In the last three years after Amaravati was picked up for the new capital city, Chandrababu Naidu had gone around the world inviting investments here. He also had several plans for the city and wanted it to be a better Singapore, a better Shanghai, a better London or name any city that he had visited so far. He had roped in the world’s famous London-based architects, Fosters Partners, to give designs for the Amaravati capital city, besides the designs for the government buildings. The Singapore was roped in with 1961 acres of land given to them to do real estate work and fund the capital development, sharing 42 per cent of profits for Amaravati, while enjoying 58 per cent of profits with them.

Now, the latest request with the real estate firms offering them lands and inviting them, is a clear indication of the State selling the lands to these companies in the name of some project or the other. It is now to be seen how the people would react to his latest invite to the real estate companies, which have already been doing their businesses in the State exploiting the people.

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