In our 15 years of experience in India’s best real estate markets like Bangalore, Hyderabad, Pune and more, we have seen double-digit growth over the years and our investors have made an average of 25% to 30% per annum by investing in the best projects at a pre-launch / early phase.
However, these top markets have been maturing since 2014, reaching a saturation point where growth has slowed down due to a standardization of projects, giving the buyer endless options with equal amenities and quality, thus making it very difficult to resell & encash their investments, even if they are with the top builders.
There are now at least 30 comparable branded players in each market versus just 4 to 5 builders earlier – hence too much competition for an investor to exit at a favourable price point.
We have hence been on the lookout for newly developing / virgin markets where investors can once again experience double-digit growth and finally zeroed in on AMARAVATI – Andhra Pradesh’s New $8 Billion Capital City.
We are now bringing out the best projects of Amaravati in each category, keeping in mind its immense growth potential for the next 30 to 40 years and especially keeping in mind that the worst case scenario here is the better than the best case scenario in mature markets, in terms of capital appreciation.
Masterplan & Initial Stages
Amaravati took off with the herculean task of acquiring 33,000 acres without spending a single rupee on acquisition (India’s Land Acquisition Act made it financially impossible to buy the land as the Govt would need to pay 4 times the market value) through the innovative Land Pooling System which also allows landowners to participate in the growth story rather than being bystanders.
Then came the masterplan – a collaboration between the best minds from Singapore, Netherlands, Japan and many other countries and leading professionals in architecture, town planning, sustainable development, transport and other aspects.
But planning a Capital City spanning 33,000 acres from scratch, is not a small task.
It takes on average 3 years for a person to build his own house – that too when he has his own money & complete freedom in developing it the way he wants to; so you can imagine what it takes to build a Capital City, that too with no support or funds!
In the initial 2 years of its foundation, Amaravati was in its planning stages – slow to take off without much visible action on the ground, with multiple revisions to the city’s grid, core govt structures, bridges, alignment, allotment / sale of land to various institutions in educational, medical, IT, tourism and other sectors.
Once the plans were frozen, the govt’s focus shifted to fund raising, where over a span of 2 years, the state mopped up over Rs.12,000 crores from various sources – giving it enough cashflows to aggressively push forward with execution of works.
The city is now in its execution phase where works are being undertaken 24 hours non-stop, surprising even the most pessimistic non-believers with its rapid speed & scale of developments!
Shown below are some of the biggest developments that have taken place at Amaravati over the last 3 years and why this is best time to participate in this $8 Billion growth story!
The Amaravati Government Complex
Rapid yet Silent Progress…
Since early 2018, works at Amaravati has been progressing faster than at any other major city of India.
Unfortunately, action & developments on the ground are NOT being conveyed properly and the general public does not have the time to research facts on their own & to understand the actual scale & impact of work being done in a big way.
And whatever little is conveyed, is mostly dampened by rumours, gossip and political conspiracies.
Conversations with colleagues and friends are usually around how :
- “there is absolutely no progress, as we cannot see all those iconic towers overnight”
- “how the next ruling party will undo all the work that has been done so far”
- “hence it may be better to postpone decisions due to such uncertainty” etc.
Fortunately, since we have a front-row seat to witness this action (as our founder chairman is now based in Vijayawada full-time to oversee our flagship Amaravati projects), we have compiled this list of major developments that will give you an idea of the speed and scale of Amaravati’s growth.
This article released in Jan 2018 (and updated in Jan 2019) has become one of the most read articles on our website as many found it very useful, informative & without any bias.
A very large segment of people are unaware / ignorant of the massive developments going on in Amaravati and hence are on a wait and watch mode.
But successful real estate investments are made BEFORE things are visible on the ground, with a vision and faith in the masterplan (even if things take a bit longer than expected).
However, the advantage with Amaravati is that the infrastructure is already visible on the ground for those who make the effort to look.
And that’s where you must take advantage of the obvious success story in front of your eyes and invest early!
We hope this will inspire you & reinforce your confidence in Amaravati as one of THE best investment destination for your money, for the next 40 to 50 years for sure!
To keep this easy to scroll through, we have arranged this article in a chronological order, starting from oldest to the latest (i.e. 2017 to 2019).
You can either start from 2017 and scroll through till 2019 or skip directly to the below years by clicking on them below, incase you have seen the rest before :
Capital Designs Finalized & Construction to begin Shortly
The govt has finalized the designs for the Assembly, High Court and other important buildings and work will begin shortly on the construction of Government Complex, spread over 1350 acres, with work on the Secretariat already underway, aiming to complete a majority of the works by 2019, if not fully.
The complete road network spans 1692 kms with BRTS / Metro lanes and underground infrastructure like electricity, ICT grids, fiber optics, service ducts, etc.
320 kms of trunk roads are at 30% completion stage and 80% of seed access road is complete and the pace of work has shocked and impressed even the most pessimistic non-believers!
AP is now a
Zero Power Deficit State
Within 100 days of government, Andhra Pradesh has achieved the “zero power cuts” milestone – Power Surplus State (Zero Deficit) – making it one of the very few states in India to achieve 24×7 power supply with ZERO deficit.
AP has also become India’s largest producer of Solar Energy!
#PresidentKovind inaugurates tech projects of Andhra Pradesh govt — Andhra Pradesh Fibregrid; Surveillance and Drone Project; Free Space Optical Communication system; says the state is a leading innovator in technology adoption pic.twitter.com/n5tRqU6sWP— President of India (@rashtrapatibhvn) December 27, 2017
Real Time Electronic Governance
AP govt’s excellent deployment of the Real Time Governance module and continuous monitoring of infrastructure, energy, welfare schemes, pensions, etc has received praises from all over the country including the President of India, who visited the RTG centre, posted 24 tweets describing the functioning of RTG system.
Other states are now trying to emulate this model.
AP Fiber Grid
23,800 Kilometers Long!
This 1st of its kind fiber optic cable network connects about 1.3 crore households, 50,000 schools, 10,000 govt offices and 5,000 public health centres across all 13 districts of AP.
Will provide television (350+ channels), telephone (rental free) and internet (15 to 100 Mbps) – through a SINGLE CABLE to over 1.3 crore households & businesses at a monthly affordable price of Rs 149 and Rs 999 respectively.
It will also serve as the backbone for big data & analytics driven governance + state-wide surveillance using more than 20,000 CCTV cameras connected to 16 integrated district command control and data centres.
This grid will also power digital classrooms in over 4,000 government schools and offer telemedicine services at over 6,000 public health centres.
Placed end to end, this cable network could stretch from Amaravati to New York TWICE! – making it the largest greenfield optical fiber network in India.
AP FibreGrid Plans/Tariff
to be complete by Mid 2019
Work is progressing rapidly on the construction of 3820 multi storied apartments and 194 bungalows for the govt officials. The country’s leading contractors – L&T, Shapoorji Pallonji and NCC – have been awarded these contracts and due to the advanced “shear wall technology” being used, all towers are set to be ready for occupation by mid 2019.
Asia’s Largest Uptime Institute TIER IV Certified Data Center
With a 5000 rack capacity, this is one of the largest data centers in Asia, with the highest (Tier IV) certification from the Uptime Institute, with customers such as Power Grid, IRCTC, Mahindra Finance, Deutsche Bank and Yatra.com
It is being expanded further with Rs.550 crores additional investment and will provide employment to 2,000 people.
Pi Amaravati’s Campus near Mangalagiri
Rs.3000 Crores & 200 Acres
A staggering 4 lakh sft was constructed in just 5 months and few courses have already begun and 200 students are already staying full time on campus.
SRM is the 1st Private University of Amaravati and is investing Rs.3000 crores / $450 Million over the next 10 years to offer classes to 10,000 students in collaboration with with MIT & Berkeley.
The university is establishing joint research labs with Rolls Royce, Bosch & other leading firms across the world, making it one of the few institutions in India with such premier tie-ups.
HCL comes to Amaravati
Twin Campuses across 50 Acres, with 7500 Seats
India’s 4th largest IT services company is setting up one of its largest development and training centers in the world on 50 acres in Amaravati (2 campuses – one near Gannavaram Airport and one in Amaravati).
Once ready by end of 2019, HCL will provide employment to over 7500 people and many other companies are setting up their operations in Amaravati due to its proximity to Vijayawada and Guntur which have a vast pool of talented youth (especially in the engineering streams) and are well-connected to big cities.
Masterplan of VIT Amaravati Campus
Just 2km from Secretariat
To aggressively show its business friendly approach, the govt, after due process and diligence, gave all clearances and approvals in 12 hours from the time they submitted their plans!
With a massive 3 lakh Sft constructed in a record breaking 6 months, VIT University became the 1st private university to commence classes in the state of Andhra Pradesh (classes started on 26th July 2017, with 670 students have joined the 1st batch).
IUIH Medicity Amaravati
One of the world’s largest healthcare projects with an investment of Rs. 1,600 crore in Amaravati
The Indo UK Institute of Health (IUIH) MediCity in Amaravati will have a 250 bed hospital and diagnostic centre operational by 2020 and 1000 beds by 2022 + a medical college.
This will also become the manufacturing site for medical equipment and implants in line with Prime Minister Narendra Modi’s Make in India programme.
Leading regional Telugu dailies in Andhra Pradesh and Telangana - Skyline, Andhra Jyothi, Andhra Prabha, Praja Shakti - have reported on IUIH beginning the construction of its Medicity in Amaravati, the new capital of Andhra Pradesh, soon pic.twitter.com/3qP0GRv1w2— IUIH (@Indo_UK_Health) December 29, 2017
AP to get India’s 1st Hyperloop!
Hyperloop Transportation Technologies (HTT), an American firm developing ultra-high-speed transportation system based on Hyperloop concept, has signed an MoU with Andhra Pradesh to conduct feasibility studies to build this Hyperloop network across various routes in AP.
A test route between the city centres of Vijayawada and Amaravati may be built in the future, which will reduce the travel time from 1 hour to just 6 minutes – giving a tremendous boost to Amaravati’s image as the frontier city in future technology!
Google to bring high-speed wireless internet to AP
15 Million Households to get Wireless Internet
AP will become India’s 1st state to deploy Google’s FSOC (Free Space Optical Communications) technology that will provide high-speed wireless internet to millions of people WITHOUT LAYING A CABLE.
This is especially beneficial for rural areas with a low population density where a wired connection is not feasible due to low subscriber numbers.
Fast internet access has proven to be a key factor for rapid development of emerging countries like India and hence this will go a long way in strengthening AP’s potential as India’s key investment hubs.
Govt Machinery Shifts to Velagapudi Secretariat
Interim Govt Complex
Most of the govt machinery has already started functioning out of the massive 49 acre (6,00,000 sft) temporary secretariat at Amaravati, which was completed in a record time of just 7 months.
This was crucial in creating a mindset shift in the people of Andhra Pradesh who now consider Amaravati to be their ONLY capital, even though technically, Hyderabad is still the joint capital till 2024.
Amaravati Land Records to be on Blockchain Technology
Blockchain to fight land ownership fraud
After successful implementation of blockchain technology in the road transport and registrations departments as a pilot project, the AP govt has also started building a blockchain infrastructure for land records of Amaravati, starting with digitisation of existing land records.
The govt is working with Swedish startup ChromaWay to build a Blockchain-powered solution that will help in eliminating paperwork, greatly minimising fraud, accelerating transactions and saving a lot of money for the state – in addition to tremendously improving transparency and safety for investors’ money.
DGP Office @ Mangalagiri
Marking another major milestone for the state, the AP Police Headquarters building complex constructed on the NH-5 in the AP Sixth Battalion premises was inaugurated in August 2017 and is now home to the DGP & CID branches of AP.
Anantapur to Amaravati Expressway accorded National Status
The Govt of India has declared the Amaravati-Anantapur expressway as National Expressway – making it one of the only 3 such expressways in India.
This access-controlled, 6 & 4 lane 393 kms expressway will become the longest in India, with very few turns or curves and long straight stretches, allowing speeds of upto 140 kms per hour, safely.
This will reduce travel time between these 2 locations from 500 kms to 394 kms and travel time from 9 hours to just 5 hours or less.
This will start from Ananthapur, going through Kurnool, Kadapa, Prakasam, Guntur and terminate at Amaravati’s Outer / Radial Ring Road.
Separate highways radiating towards Chennai and Hyderabad + feeder roads connecting Kadapa and Kurnool towns to the expressway will also be laid.
.On a Lighter Note….
AP’s 1st Jaguar Land Rover Showroom
While it took 20 years for Hyderabad to get its first Jaguar showroom, Amaravati has one even before the city takes shape!
.Launched & In Action.
TiE launches Amaravati Chapter to Boost Startup Ecosystem
To help accelerate the growth of startup ecosystem in Amaravati, TiE Global (The Indus Entrepreneurs) – established its Amaravati chapter in Jan 2018, complementing govt’s initiatives to establish incubators & accelerators for Amaravati.
Unlike other chapters which focus more on IT/ITES, TiE Amaravati will focus more on Agriculture & Food Processing, Fintech, Pharma/Life Sciences, Manufacturing and Women Entrepreneurship.
Polavaram project inching closer to reality
Andhra farmers elated after seeing rapid progress of works
Witnessing the rapid progress of works on this historic project, people of Andhra have realised the importance of TDP continuing to be in power for another term, to ensure timely & successfully completion of the Polavaram project.
The central govt has also reiterated that there is no shortage of funds for this prestigious national project and that it is also strongly committed to finishing this project as per schedule.
.Work Beginning Soon.
L&T to construct 1st Iconic Bridge across Krishna River
This 3.2 km, six-lane iconic bridge at Ibrahimpatnam will connect Pavitra Sangamam in Vijayawada and N10 Road in Amaravati.
To help the govt show visible development before the upcoming elections, L&T has committed to finishing majority work in the next 18 months and hence we can expect rapid progress on the same.
Amazon opens 1st fulfilment centre of AP in Amaravati / Vijayawada
In what will be a big boost to both employment and local suppliers of packaging material, logistics support and security services, the world’s largest e-commerce player Amazon opened its 50th fulfilment centre of India, in Vijayawada – making it the 1st of its kind in Andhra Pradesh.
CRDA allots lands to star hotels in Amaravati
To cater to the rapidly growing number of business visitors to the new capital region, the govt has allotted 24 acres for the development of 4-star & 5-star hotels in Amaravati.
In a short span of 3 years from today (a deadline set by the govt), Novotel, Hilton Double Tree, Crown Plaza and Hilton will develop 4 star properties and GRT, Holiday Inn, Daspalla & Green Park will develop 3 star properties.
.Work in Advanced Stage.
Amaravati will be built using construction material transported on the Krishna River
Muktyala / Jaggayyapeta to Amaravati / Vijayawada (National Waterway No.4)
In what is the 1st of its kind in India, the Inland Waterways Authority of India (IWAI) has begun dredging a 82 kms segment of Krishna river between Muktyala & Amaravati to facilitate transportation of construction material for Amaravati by ships from Muktyala – a major hub for cement & other important construction material.
3 Cargo terminals (at Muktyala, Ibrahimpatnam & Harishchandrapuram) + 4 Passenger terminals (at Durga Ghat, Bhavani Island, Vedadri and Amaravati) will be built by June 2019 – and help tremendously cut down road traffic + transportation cost & time by over 50%.
Besides serving the construction purposes, this waterway will eventually become a commercial route for shipping industry + also attract tourists / promote tourism once the government introduces cruise ships to pilgrim centres like Durga temple, Ibrahimpatnam, Vedadri and Muktyala.
This waterway will further extend upto Kakinada (Eluru canal & Kakinada canal) and Rajahmundry to Polavaram stretch of Godavari in 3 phases over next few years.
Dredging of the Krishna River
HUDCO & multiple banks agree to fund Rs.12,000 Crores to build Amaravati
This has drastically reduced the cash crunch felt so far and the govt is now focussing on rapid execution of works, instead of worrying about cash flows – with an aim to complete majority of basic infrastructure by end of 2018.
The World Bank is also in the process of sanctioning a Rs.4700 crores loan which will further improve the financial outlook for the next few crucial years of the city’s formation.
.Work in Progress.
Mother of all
B-schools @ Amaravati
After setting-up the Indian School of Business (ISB) – rated No.7 among top 10 MBA courses in the world – at Hyderabad, the CM of AP is now set to outdo his own legacy by building another premier institute of excellence @ Amaravati.
LSE (London School of Economics), Harvard University, NUS (National University of Singapore) + who’s who of global corporate world + World Bank and Bill & Melinda Gates Foundation are some of the intended partners for this school.
Pramath Raj Sinha – the founding dean of ISB & co-founder of Ashoka University – is the lead advisor for this 100 acre campus which is modelled around ISB and will double up as a think-tank to cater to the knowledge needs of governments and businesses of the country.
Amaravati Bonds oversubscribed by a record 1.5 times on Bombay Stock Exchange
India’s largest bonds issue till date from any local authority
Within 1 hour of opening on BSE, a record Rs.2000 crores worth of “Amaravati Bonds” were lapped up by institutional investors – thus demonstrating the keen interest & tremendous faith that investors have reposed in the AP Government, the Chief Minister and the future of Amaravati.
It is now very clear to people that Amaravati is now unstoppable and will be a reality irrespective of support from central govt – putting to rest once for all, the hidden fears of prospective investors all over the world.
The govt will use these funds as equity contributions to kickstart various infrastructure projects such as the high court, assembly, secretariat, all internal roads, etc.
CRISIL has assigned a rating of A+ with a stable outlook to these bonds, acknowledging the good economic management by the State.
Amaravati certified “World’s Most Sustainable Capital” + “IGBC Platinum” Rating
Amaravati was endorsed “World’s Most Sustainable Capital” by the world’s foremost authority in this field – the “The Energy and Resources Institute (TERI).
Amaravati also received “Platinum” rating by Indian Green Building Council’s (IGBC) Green Cities Rating – the highest rating a city can obtain and making this the 1st time that a big city has been given this rating.
The IGBC rated Amaravati high on various parameters : city planning, heat mitigation, green buildings, public spaces and regions under green cover, environmental monitoring and others.
CRDA to auction land to raise funds for Amaravati
to ensure multiple sources of revenue for the next few years
Land monetisation + renting / leasing of commercial spaces will become a major source of revenue generation as land prices are expected to increase significantly after the development of trunk infrastructure in the State capital by end of 2018.
Out of the 9000 acres left out after allotment of Land Pooling Scheme (LPS) returnable plots to farmers, approx 4000 acres will be auctioned / mortgaged to raise almost Rs.50,000 crores over the next 20 years through this exercise.
A.P. ranked 1st in India, with 10.5% growth
Surpassing developed States like Maharashtra & Gujarat, Andhra Pradesh has achieved the No.1 rank in India with average growth of 10.5% from 2014 to 2018 (the average growth in the country stood at 7.3% during the last four years).
Following a “focused approach” and setting high targets for itself has helped AP become probably the only state to clock double-digit growth rate.
AP ranked No.1 in India for “Ease of Doing Business”
…for the 2nd year in a row!
– a testament to the corruption free & transparent governance that forms the DNA of doing business in this state.
Among the reforms that propelled the State to the top spot are Single Window System (a single desk portal to take care of all investor needs & fast tracked approvals) and online processing of industrial incentives.
Other parameters considered are construction permits, labour regulation, environmental registration, access to information and land availability.
Currently 721 projects have gone into production with a committed investment of Rs.1,48,462 crores and committed employment of 2,26,305 jobs.
Proud to inform that our efforts in improving the business scenario in AP have paid off as it has been declared the No. 1 State in Ease Of Doing Business for the second time in a row. Developmental reforms made in the past few years have made AP the most investor-friendly State. pic.twitter.com/GTdC0bWWG8— N Chandrababu Naidu (@ncbn) July 10, 2018
Night View of Prakasham Barrage on the Krishna River, Vijayawada
AP is India’s Best State For Quality Of Life
Andhra Pradesh was ranked No.1 in India, in the ‘Ease of Living Index’ rankings under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT)
Launched in 2015, AMRUT Index aims at ensuring robust sewage networks, water supply and other infrastructure to improve the quality of life of people in urban areas by promoting healthy competition among cities.
Amaravati to get Rs.1,400 crore sports hub
As part of the 1st phase of Sports City – one of 9 thematic cities that will collectively from the Capital City of Amaravati – a multipurpose sports hub will be developed in about 20 acres of land with an estimated cost of Rs 1,400 crore.
This will mainly consist of a 25,000 seater outdoor multi-sports stadium, indoor stadium, a sports academy with training centre, besides other supporting facilities and will be completed in three phases – 2022, 2024 and 2029.
It will not only serve the needs of residents of Amaravati but also serve as a venue for national and international events – and the govt even plans to host the Olympics in the future.
.1st time in India.
Formula 1 Powerboat World Championship comes to Amaravati
+ Water Sports in 7 new locations along Krishna river
Amaravati has been selected to host a round of the 2018 F1H2O World Championship scheduled to take place from 22nd to 24th November 2018.
Also with an aim to develop new tourist destinations and drive tourism growth along the Krishna River, the govt has appointed 2 operators to set up & operate water sports at 7 new locations along the Krishna River.
A high-traffic integrated river circuit will be formed to provide water sports activities to public – from Jetski, speed boat, kayaking, river cruise to special rides like zorbing – accessible from both Vijayawada and Amaravati.
This year, Andhra Pradesh will host the coveted F1H2O race. Be a part of this spectacle. Formula 1 Powerboat World Championship is international motorboat racing competition organized by UIM & promoted by H2O Racing. #F1H2OatAP #AmazingAndhra @ncbn @AndhraPradeshCM @bhuma_akhila pic.twitter.com/U8i0cC2X61— AP Tourism (@Tourism_AP) August 20, 2018
Underground Power Cable project gains steam in Amaravati
Around 230 Kms of tunneling & ducting for underground electric lines has already been completed along the trunk roads of Amaravati and another 1,000 kms of wiring will be laid along arterial and ancillary roads over the next few months.
Apart from improving aesthetics of the city, these underground lines will :
- totally eliminate the need to constantly dig up roads for maintenance & road expansion (since there is no chance of snapping of any wire)
- reducing the chances of power cuts & breakdowns (especially during bad weather)
- reduce power theft & pilferage
.1st of its Kind.
Amaravati to have India’s 1st Grid Pattern Road Network
Considered to be the most efficient way to layout a city
This pattern is also easier to construct and maintain, has good aesthetics and the road geometry is predictable & easier to understand – making navigation very easy, even for those who are new to the city.
- Redundancy : If one street is blocked, traffic can easily reroute to the next street without any downtime / traffic jams, etc.
- Flexibility : It’s easy to add or subtract a length of street in the existing grid without affecting the overall organization.
- Excellent Green Cover : A green belt of trees on either side of roads, along with bicycle tracks for pollution-free commuting.
The Grid Pattern Road Network at Amaravati visible on Google Maps!
Another Barrage planned across Krishna River
Vaikuntapuram Barrage @ Munneru
Rs.2,169 crores have been allotted for the construction of a new barrage on the Krishna River (at the meeting point of Munneru & Krishna Rivers), 23 km upstream of the existing Prakasam Barrage.
Located off Keesara / Kanchikacherla on the Hyderabad Vijayawada NH, this new barrage will help store adequate drinking water for the new capital city Amaravati whose population is projected to touch 35,00,000 by 2050 + also promote riverfront tourism.
.Free Public Tours.
AP Govt plans to arrange tours for public to showcase developments at Amaravati
Buoyed by the success of its recent initiative of taking visitors to the Polavaram project site to see work progress, the State government is now planning to arrange free trips by bus coaches from the headquarters of all the districts across the State, to Amaravati – for them to witness history in the making of AP’s new capital city.
Starting this winter, these free tours will help generate much needed awareness of the tremendous developments taking place on ground as many are ignorant even today and falsely assume that nothing much is happening or that Amaravati is only a dream project and will never materialise etc.
Amaravati to have 120 Acre Professional Grade Golf Course
With the guidance of Kapil Dev
Legendary Indian cricketer Kapil Dev has agreed to play a crucial role in designing and developing a professional grade golf course in Mulapadu (Krishna District) near Ibrahimpatnam (at the entrance to Vijayawada as you come from Hyderabad.
A majority of foreign investors & visitors to Amaravati – most of whom are going to be from Japan, Korea and other Asian countries – are avid golfers and hence this course will be a big attraction, especially for high-profile employees who would flock to the region as more industries are set-up over the next few years.
.1st Phase to be completed by March 2019.
AIIMS @ Mangalagiri
250 Acre Campus (Rs.1600 Crores)
Construction on the All India Institute of Medical Sciences has been expedited with 11 buildings already at ground floor slab level and is expected to be completed and operational by end of 2018. Admissions have already begun for the 2018-19 batch.
Out-Patient (OP) services are set to begin by March 2019 as this will start attracting both senior doctors and students to the – with the medical college set to be fully functional by 2020.
The rich data collected through this system will help in easy and preventive maintenance, sustainable consumption of power and water and predicting problems like gas leaks, short circuits, etc even at a single home level.
Citywide Building Information Modelling (BIM) Systems
Single integrated blueprint / 3D model of the entire city
The Govt of AP is creating a city-wide BIM (Building Information Modelling) system of Amaravati to have a single integrated blueprint / 3D model of the entire city, including all buildings, service ducts, maintenance & MEP (Mechanical, Electrical & Plumbing)points and more.
The CRDA now asks all developers to upload a 3D BIM of their projects during the approval process itself, so that data is available and monitored right from the conception of each and every building.
The Prakasam Barrage at Vijayawada
Just a reference point – Prakasam Barrage irrigates 13,08,000 Acres in four districts – Krishna, West Godavari, Guntur and Prakasam and holds just 3 TMC of water whereas the Vykuntapuram Barrage will hold 10 TMC of water !
Vykuntapuram Barrage on the Krishna River
The Prakasam Barrage at Vijayawada holds water only upto Vykuntapuram, beyond which the river starts drying up. Since this segment is crucial for Amaravati and the National Waterway 4 (Muktyala to Amaravati Jalaravana for which dredging is already under way), this new barrage spanning 3 kms is being constructed.
Being constructed by Navayuga (contractor of the prestigious Polavaram project) at a cost of 3000 + crores with a timeline of 2.5 to 3 years, the catchment area will hold water 63 kms upstream till the Pulichintala Dam including our project Alakananda, creating a truly riverfront ambience for this entire stretch forever !
Along with the Iconic Bridge @ Ibrahimpatnam, this barrage will be the main access point to Amaravati from the HYD highway as part of the Inner Ring Road.
Construction of Iconic Bridge Begins!
Reducing distance from Hyderabad to Amaravati by over 45 Kms / 60 Minutes
The CM laid the foundation stone on 12th January, christening it the Kuchipudi Iconic Bridge – with India’s tallest pylon. L&T aims to complete the bridge in just 24 months.
This will kickstart massive developments on the Vijayawada Hyderabad NH65 as this bridge brings that entire stretch – Ibrahimpatnam to Jaggayyapeta, within 5 mins to 45 mins of the Core Capital, increasing capital values of lands in that region aggressively.
The excavation works & raft foundations have been completed and super-structure will begin shortly, with a target to complete majority work by end of 2019 (built-up area of 69,50,000 Sft)
.Guinness World Record!.
World’s Tallest Secretariat Complex
Raft Foundation Completed!
The AP Secretariat is set to become the tallest in the world at 212 metres tall (50 floors).
It will also be the first structure of India to use diagrid structural system instead of the conventional columns (thus freeing up more space within each floor) and also the first building to have a twin elevator system (usually there is only one car in each shaft, but this Secretariat will have two cars).
The Amaravati Secretariat + Chief Minister’s Office
4 towers (40 floors) + 1 tower (50 floors)
Andhra Pradesh Gets Its Own High Court!
Separate high courts for Andhra Pradesh & Telangana came into being on January 1st, 2019 – bringing the state bifurcation process to an end – and making AP a 100% independent state!
While the temporary building – which will later be converted into the permanent city civil court – is expected to be ready by 3rd February ’19, the actual high court complex will be built in another three years (for now, the CM’s camp office in Vijayawada has been converted into an ad-hoc court premises).
With 1st Flight To Singapore, Vijayawada Enters Global Aviation Map
Vijayawada’s maiden international flight (Indigo direct service to Singapore) took-off on 25th October, marking Vijayawada’s entry into the international aviation map.
This new connectivity will expand India’s reach in south-east Asia and help Andhra become an aviation gateway between the two prospering regions of AP & Singapore.
The AP Govt is also looking at connecting Vijayawada to Dubai – as then from Singapore and Dubai you can fly anywhere in the world – boosting both tourism & industry.
Andhra launches e-Rythu to boost cashless farm ecosystem
Addressing the challenges of the state’s horticulture sector, the Govt of AP (in collaboration with Mastercard) has launched the “e-Rythu” application, that will digitize agriculture marketplaces, payments, workflows and provide farmers an easy and secure way to buy, sell and receive payments for agricultural products via their feature phones.
This will help small-scale farmers connect with the right buyers and receive the best possible prices – making the markets more transparent & paving the way for financial inclusion of millions of small and medium farmers in the state.
Announcing e-Rythu, a mobile platform that will enable millions of farmers in AP to connect with buyers and sell produce through #DigitalPayments. https://t.co/Q7GIZrzxqu #MastercardForIndia @AndhraPradeshCM @MastercardNews @CNTR4growth #DigitalIndia— Mastercard India (@mastercardindia) September 12, 2018
Top business school XLRI makes its foray into Amaravati
Amaravati has got yet another premier educational institution with the foray of XLRI – Xavier School of Management – one of India’s premier B-Schools.
Spread over 50 acres at Inavolu (Thullur mandal) & at a cost of Rs.235 crores, the new campus would accommodate around 5000 students and provide post-graduate and undergraduate programs in management education.
While foundation stones were laid on 17th Jan, 2019, the school will start operating out of its temporary campus at Andhra Loyola College in Vijayawada.
Supreme Court clears NGT (National Green Tribunal) nod for Amaravati works
Coming as a huge relief to the AP government, the Supreme Court dismissed an appeal against the order of the National Green Tribunal (NGT) in Delhi with regard to environmental clearances for the construction of Amaravati.
A retired IAS officer filed a petition before the Supreme Court in 2016 contending that the NGT had not properly dealt with the issue of environmental clearances while granting the orders for the construction of the capital city.
The Supreme Court bench verified once again that the state government had infact all required clearances for the construction of the capital – clearing the last remaining hurdle in the construction of this new capital city.
At $3.5 billion, AP gets India’s single biggest FDI
Indonesian pulp and paper giant Asia Pulp & Paper Group (APP) is setting up not only India’s but perhaps the largest paper mill in a single site in the world with a capacity of a staggering 5 million tonnes per annum in Ramayapatnam in Andhra’s Prakasam district.
A 2,500 acres site along the coast in Prakasam has been allotted to this plant which will create 4,000 direct jobs + 10,000 indirect jobs + benefit over 50,000 pulpwood farmers who will supply raw material + increase land rates locally.
$10 Billion Data Center in Vizag!
The Adani Data Center Parks in AP with an investment of Rs 70,000 crore over the next 20 years are expected to create about 1 lakh direct and indirect jobs, positioning AP as the “East Coast Data Center Hub” for India and South East Asia.
These parks will also be integrated with a cable landing station to provide much needed global connectivity and redundancy that the country needs to manage its exponential data growth.
The company has already acquired 200 acres near Kapuluppada, next to Vizag’s IT Hub Madhurawada & Rushikonda and 1st phase is expected to completed in the next 18 months.
60 berth ‘Amaravati Marina’ to beckon tourists
The CRDA will construct a 60-berth marina on the banks of Krishna River in Amaravati – making it India’s largest marina, to provide water-based leisure & entertainment facilities with infrastructure to host international sailing / boating & water sports competition.
Facilities like a training centre, boat launch, repairs & dry stack storage are being planned as part of this project that is aimed to be completed by end of 2019, with a capacity to cater to over 10,000 visitor every year.
.New Guinness World Record!.
Polavaram Project : Stunning 32,100 cubic metres of concrete was poured in 24 hours
Making it the largest volume of concrete works ever done in 24 hours (previous world record was 21,580 cubic metres in Dubai) and also the single longest continuous pour of concrete in the world.
The project recently bagged the Central Board of Irrigation and Power (CBIP) award for speedy execution + best implementation of water resources project for better planning, implementation and monitoring.
Erection of dam gates have begun recently and the project is expected to be completed by end of 2019.
Singapore, Amaravati commence development of Welcome Gallery
Spread across 6 acres within Amaravati’s “Start-up Area” and with a built-up space of 44,000 Sft, this project consists of a city gallery, exhibition zone and community zone with co-working spaces to house start-ups.
Besides serving as a one-stop information centre for all visitors, it will also function as a business promotion platform, through the hosting of various national and international level events and exhibitions.
.Anantapur – Amaravati Expressway.
India’s Longest Expressway without any Turns or Curves
After 2 years of non-stop rigorous work, the AP Govt has finalised the alignment & begun land acquisition for one of India’s most ambitious road projects – and the only 2nd of its kind in India (after the Mumbai Pune Expressway).
Dubbed “India’s Longest Expressway without any Turns or Curves“, this prestigious project will connect 4 main hubs of Andhra – Anantapur, Amaravati, Kadapa and Kurnool – giving a tremendous boost to investments in the manufacturing, warehousing and logistics sector!
KIA Motors, Anantapur
1st Car to roll out on 29th Jan ’19
It is one of the biggest foreign investments in the entire country with a $1 billion plant at its core (ready for trial operations from Jan 2019) and ancillary industries worth another $1 billion projected to come up in the vicinity, generating more than 10,000 jobs in an area that has seen mass emigration due to lack of jobs.
“Amaravati Yatra” evokes a VERY POSITIVE response from people all over AP!
Thousands of people from all 13 districts of AP are being taken on a free tour of Amaravati to witness the developments first hand and share their first person experience with people back in their hometowns.
The govt has taken up this initiative to ensure true news makes its way to people through trusted mouths, without being politicised.
Rs.3500 Crores World Bank Loan finally APPROVED!
After the in-principle sanction of this loan in 2017, a few landowners from capital villages complained to the World Bank, alleging irregularities in land procurement.
This led to the World Bank’s Inspection Panel initiating an investigation as per farmers request and after 18 months & multiple trips to the capital city, the Panel finally dismissed the complaint, giving the State Govt a clean chit and clearing the way for disbursal of 1st tranche of funds.
Amaravati Govt Complex to have District Cooling System (DCS)
Amaravati is India’s 1st capital city to use a unique temperature management system called the “District Cooling System” or DCS which is 40% to 50% more efficient in power consumption / carbon emissions + also lowers maintenance costs when compared to conventional air-conditioners.
DCS distributes chilled water from a centralised source to various buildings through a network of underground pipes for cooling – thus eliminating the need for individual air conditioning units for each room / floor / building – and is routinely used in more advanced countries like USA, Europe, Japan and Middle East.
Inland waterway in Amaravati to have three terminals
The govt has allotted land for 3 terminals under Inland Waterways Project @ Muktyala and Ibrahimpatnam in Krishna district + Harischandrapuram in Guntur district, which will be used to transport heavy construction materials (cement, steel / iron & sand) from Jaggayyapet to Amaravati for construction of the capital city.
An estimated 5 lakh bags of cement will be needed PER DAY to meet demand in Amaravati (both Govt & private constructions) and transporting this by river will help avoid traffic snarls on the highways towards Amaravati + reduce cost of transport by over 50% + reduce pollution by almost 80%.
TTD Temple on Krishna Riverfront in Amaravati!
Construction of a brand new Venkateswara Temple on 25 acres will commence after “Bhoomakarshana Puja” on January 31 2019, blessing the capital region and bringing in a massive surge in spiritual tourism to Amaravati!
This replica of the Tirupati temple, will be built completely in stone on the banks of Krishna River, with its design inspired by Pallava, Chola, Chalukya and Vijayanagara architecture and expected completion in 2021.
Other Statewide Developments
In addition to the tremendous developments in and around Amaravati and Vijayawada, the AP government has also focussed on other strong hubs such as Vizag, Tirupati and Anathapur…
KIA Motors, Anantapur
Set to change the landscape of drought hit region
- Work is progressing rapidly on the construction of one of AP Govt’s most successful endeavours – a $2 billion manufacturing ecosystem in Anantapur spread over 536 acres (or 2,30,00,000 Sft) that will make 300,000 cars annually, starting from Sep 2019.
- This plant will provide direct and indirect employment to over 11,000 people around Anantapur, kickstarting the drought hit local economy in a big way.
- Anantapur already has one of the world’s largest solar power parks with a capacity of 1000 MW spread over 8000 acres and is also going to expand further. AP has beaten Rajasthan to become the largest producer of solar power in India.
Vizag – the Fintech Capital of India
Vizag is being heavily promoted by the AP Govt as the Financial Technology hub or the “FinTech Valley” of India
- The Andhra government become the 1st state of India to set-up an incubator to support Fintech startups, in partnership with NASSCOM and banks like SBI, ICICI and Mahindra Finance.
- The state government even hosted India’s first and only Blockchain conference in Vizag in October 2017. KPMG is acting as the knowledge partner for this Fintech Valley initiative.
- The AP Govt is the ONLY government member of the Ethereum Enterprise Alliance – a consortium of 50 companies like Accenture, Intel, Cisco, Infosys and others that are researching on the future of Blockchain.
- All this will set Vizag apart from the other cities in India that focus either on traditional financial services or pure IT development / outsourcing, by being the only city in India that aggressively promotes Financial Technology which is one of the fastest growing fields across the world.
Tirupati – Knowledge & Electronics Hub
Much more than just a Temple Town!
The temple town, Tirupati, is in for a giant leap in progress with premier institutes and industrial majors setting up their units in the Tirupati-Chittoor-Nellore hub, giving a tremendous boost to employment in this region.
- The state has established a new 149 acre IT park at Renigunta (outskirts of Tirupati), very close to the Tirupati International Airport – making it attractive for companies to set up shop here.
- An IT incubation centre called “INQ” is already operational, to make it easy for firms to setup their operations in the city.
- Adjacent to IT Park, the state has also developed a 504 acre “Electronic Hardware Manufacturing Cluster (EHMC)” near the Tirupati (Renigunta) International airport – andland has already been allotted to leading electronic component manufacturers and is set to change the face of the city into an IT and electronic hub.
- Mobile company Celkon had started production in 2017 and Micromax, Karbonn, Lava and two more mobile companies from China will also start their factories shortly, as part of the Rs.2000 crore Mobile Technology Park.
- The state has also developed a ceramic ware manufacturing zone near Srikalahasti where many leading ceramic manufacturers like Kajaria have been allotted land to setup their units.
- 2 wheeler giant Hero MotoCorp has set up its Rs 800 crore unit and is planning to start production in December 2018.
- ZOHO – the CRM software company is in the process of setting up a development center in Tirupati.
- AECOM-Deloitte has been appointed as the Project Management Consultant (PMC) to implement the “Smart City” rollout for Tirupati – which is among the top 100 cities shortlisted by the central government to be upgraded as a Smart City.
- Tirupati International Airport is all set to operate international services from 2018 – resulting in both a significant reduction in travel time & a big boost to pilgrim tourism in this area. From 2015-16 to 2016-17, traffic through Tirupati airport has increased by 48% (over 5,00,000 people used the airport in 2017) – showing the immense potential for growth.
- Premier institutes like the Indian Institute of Technology (IIT) and Indian Institute of Science and Education Research (IISER) are already underway in Tirupati to provide highly skilled manpower to the industries in the surrounding belts.
- The coexistence of such prestigious educational institutes and industrial biggies has formed a “forward and backward linkage’, – a winning combination that is very rarely possible in India, the benefits of which Tirupati is set to enjoy over the next few decades.
Tirupati International Airport
Trial run at Kurnool Airport successful
Tremendously increasing Rayalaseema region connectivity
The first flight will be to Vijayawada and later to Hyderabad, Chennai and Bengaluru (the airport will be ready for summer schedule starting May 2019).
The airport was built within 18 months, spread across 1,000 acres and with an initial investment of Rs.100 crores.
Invest in Amaravati
A Multi Pronged, New Age and
Future Proof Economy
As you have seen by now, Amaravati is no longer a DREAM PROJECT, as work has already begun and will infact pickup pace in the coming years.
With planning being complete, the state is now aggressively pushing towards implementation of works at breakneck speed.
Amaravati is now beyond the point of no return and growth and development is hence unstoppable & inevitable.
And while IT / ITeS will be a big driver for the economy (like how they developed Bangalore & Hyderabad), it will NOT be the mainstay of Amaravati’s economy, as this new city will grow on the backbone of upcoming technologies like blockchain, smart cities, artificial intelligence, big data and underserved industries like medical tourism, MICE infrastructure, world class tourism infrastructure and much more.
And this is EXACTLY WHY you are SAFE investing in Amaravati – as the state has purposely built foundations for a variety of industries to flourish – making it a highly diverse metropolis that is NOT dependent on a SINGLE industry or sector for its growth and development.
This is what makes AMARAVATI a SAFE & DIVERSE BET for your money & NOT just for Telugites but for all Indians for sure !
We are glad to see that already some of the Tamilians / Kannadigas / Malyalees / Maharashtrians / Delhiites have started investing in our Amaravati projects.
False Notion of Real Estate in Amaravati being Too Expensive
Now that a lot of development is VISIBLE to people across the world, an increasing number of them want to invest in Amaravati.
Yet some of the potential investors have been holding back, knowing very well that prices are at the lowest level now – as they are still circumspect about the political leadership in the near future.
But this is surely the right time to get started as with all above developments, we notice that there is some movement in the market already which is expected to pick up slowly and steadily and take off abruptly by this year end or about.
Definitely the fear psychosis of what will happen has more or less vanished, and the fact that active trading of allotted plots in the core capital is going on is an indication that things have settled down and hence this is the right time to evaluate and get started.
Just for your idea, land trading in and around core capital has already started and plots are being traded in the price range of Rs.14,000 to Rs.22,000/sq yard in residential category and Rs.17,500 to Rs.26,000/sq yard in commercial category, depending on the location and that too just based on 4 boundary stones with no clue at all as to what will come up in their neighbourhood / who is their neighbour.
This only shows that the expectations of all speculators and farmers, when the capital was announced, that allocated land will be valued at Rs.40,000 to Rs.50,000/sq yard will come true, as end users will come in at that price point to buy these traded plots.
At above rates, your investment is less profitable compared to peripheral areas which are also more futuristic in terms of importance for residential developments and located near Outer Ring Road and bridges on Krishna river integrating the Vijayawada Hyderabad highway corridor. At these places, approved plots are available between Rs.6000 to Rs.13,000/sq yard which means the logical implications are as below
- Investments can triple in equally good peripheral zones by the time properties double in and around the core capital.
- Capital required for investment in core areas is very high compared to the peripheral areas. For example, a good 500 sq yds plot in and around core capital will cost anywhere between 80 lakhs to 1.2 crores depending on the location. The same area (500 sqyds) in the peripheral areas will cost just 28 to 45 lakhs.
- Further, most of the investors want to invest in the range of 20 to 40 lakhs which is out of question in the core capital.
- While you can buy in huge gated communities in the peripheral areas where one is clear about their neighbourhood and the amenities expected, the same can never be visualised in the core capital with certainty at this point in time.
So, invest in peripheral areas versus core areas (say in 15 to 45 minute radius from the core capital), where prices are much lower – in the range of Rs.6000 to 13,000/sq yard – such properties will be easy to sell even when they double or triple in few years – while also having supporting infrastructure and access to Amaravati through ring roads and bridges on the Krishna river, giving you faster & easier returns.
Keeping in mind the above scenario which is in line with the CRDA declared master plan for Outer Ring Road, Inner Ring Road and bridges on the Krishna river connecting the Hyderabad – Vijayawada Highway, you are better off investing in such rapidly developing peripheral areas such as Kanchikacherla / Nandigama (where the Outer Ring Road cuts through the Hyderabad to Vijayawada NH), Muktyala / Jaggayyapeta (the logistics hub for all material required to build Amaravati and future industrial hub of Amaravati as that is the only stretch having sufficient land and same time easily accessible to all Hyderabad industrialists), etc.
While you may always have options through your circle suiting above scenario, given below are 2 best opportunities in those growth hubs where you can invest / get started as less as Rs.19 lakhs onwards (approx $30,000). What more, by taking a pre approved bank loan through us, you can get started with as low investment as Rs.4.5 to 7 lakhs depending on the size of the plot.
Where can you invest in Amaravati for high ROI?
We have identified such under-valued growth areas over the last 2 years and are now developing projects, which are set to become the best of their respective categories in these fast growing micro-markets, as shown below :
Villa Plots in a Rare 300 Acre Integrated Township on the Banks of Krishna River near Vijayawada / Amaravati
Only One of Its Kind in India
MasterPlan by multi-award winning Bangalore & Canadian Architects
Drone Shot of Actual Work Progress at Site (Shot in October 2018)
Pre-Launch Offer : Invest in Villa Plots starting from Rs.19 Lakhs
Plots ranging from 266 to 1000 Sq Yards
(Immediate registration possible)
CRDA Approved 80 Acre Gated Community of Villa Plots near Keesara / Kanchikacherla
(very close to upcoming Outer Ring Road + bridge + Vaikuntapuram Barrage over Krishna River)
20 minutes from Amaravati
CRDA Approved – LP No.31/2016
Phase 1 – 90% complete
Pre-Launch Offer : Invest in Villa Plots starting from Rs.19 Lakhs
Plots ranging from 220 to 400 Sq Yards
(Immediate registration possible)
Our most awaited launch which is expected to set a benchmark in Amaravati / Vijayawada
- Biggest gated community every conceived in Vijayawada / Amaravati zone – 1.7 Million Sft spread over 17 acres
- 1200 apartments with 1900 double basement car parks
- 1st of its kind twin clubhouses of Vijayawada & biggest ones spread over 52,000 Sft
- 3 acres forest – 1st of its kind in AP
- 2.2 Kms walking / jogging trail with no surface movements of vehicles (all vehicular traffic is restricted to the double basement, freeing up the podium level for pedestrians)
The Varadhi to Mangalagiri stretch, as mentioned by me before, is already the hottest growth corridor of Amaravati with the AP Police HQ fully operational, Jaguar showroom and many other high end retail and commercial developments in progress, including the 250 acre All India Institute of Medical Sciences campus under construction (2018 MBBS batch has already begun) just 1.8 kms from Buckingham Enclave.
Buckingham Enclave is going to set a benchmark for Vijayawada / Amaravati through its competitive pricing and a rare & unique masterplan – our central courtyard of 7 acres for example is larger than the ENTIRE PROJECT SIZE of all other top brands in this area!
Since we received all statutory approvals, we are considering giving some units under pre-public launch at very very competitive price but by invitation to our existing clients or known contacts at large
Once again, I encourage you to invest in Amaravati’s growth story and keeping all the above developments and many more in the pipeline, this is the right time for you to get in and ride the wave over the next 3 to 4 decades of non-stop growth in what is set to be India’s leading technopolis – as proclaimed by the President of India, with the highest standards of living!
We can’t have stringent deadlines when creating a city for the future.
What we are doing is historic.
So even if it takes a year or two more, we will do it only after being completely satisfied with all the nitty gritties.
I wish you all the best and look forward to having you as an important part of our rapid growth in Amaravati as one of AP’s leading developers and wealth creators!
+91 9980380000 / +1 845 248 0012
Share This Article