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2h ago

CRDA Sanctions Gold Cluster and Funding Boost to Propel Amaravati Projects

Final Cabinet approval on August 21 will steer the approved projects into the tendering phase, setting execution in motion.

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Overview

  • The CRDA approved a 78-acre Gold Cluster and Gems & Jewellery Park at Atmakur, projecting ₹5,000 crore in investment and about 20,000 direct jobs.
  • A Special Purpose Vehicle was established to oversee flagship works including the greenfield airport, riverfront development, inner ring road, sports city and ropeway.
  • The authority earmarked ₹904 crore for infrastructure upgrades in 29 land-pooled villages and cleared ₹411 crore for a sewage treatment plant plus ₹376.6 crore for a water distribution centre.
  • Land Pooling Scheme reforms remove “assignee” from ownership certificates and allot 100 acres each to VIT and SRM universities for campus expansion.
  • Delivery targets mandate handing over 4,000 homes by March 31, 2026, completing major highways in 3½ years and finalising all layout works in 2½ years.