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

World Bank and ADB review Amaravati infrastructure works, discuss next phase funding plans

4 hours ago

Teams from the World Bank and Asian Development Bank reviewed ongoing infrastructure and urban development works in Amaravati during a visit to the capital region. The delegation inspected road projects, smart city systems, labour welfare facilities and environmental safeguard measures being implemented by the Andhra Pradesh Capital Region Development Authority and associated agencies. Discussions also focused on sustainable urban development, employment opportunities for local youth and financing requirements for the next phase of Amaravati’s development. Meetings with banking institutions and advisory teams additionally examined long-term infrastructure funding strategies, PPP opportunities and project execution models for future expansion works.Read more

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APCRDA allocates returnable plots to Amaravati farmers through e-lottery system

03 May 2026

The Andhra Pradesh Capital Region Development Authority conducted an e-lottery process this week at its Rayapudi office for the allotment of returnable plots to farmers who contributed land for Amaravati, the proposed People’s Capital. A total of 37 plots were allotted to 17 farmers from nine villages, along with five farmers from Undavalli who gave land for the Seed Axis Road project. The process was held in the presence of farmers through a live random selection system. Provisional certificates were handed over by the Additional Commissioner, while officials urged farmers to complete registration and await GIS-based land demarcation support.Read more

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ADC directs improved facilities at Amaravati labour camps after inspection

03 May 2026

Amaravati Development Corporation Chairperson and Managing Director Smt. D. Lakshmiparthasarathy carried out inspections at labour camps managed by different contracting agencies involved in capital works in Amaravati during the past week. She directed companies to improve living conditions for workers who have come from other states and are engaged in construction activity. The review covered accommodation, sanitation, bedding, food arrangements, and basic utilities. She also instructed better ventilation, cleanliness, and support for cooking needs. Officials from ADC, engineering teams, and PMC representatives accompanied the inspection across multiple sites.Read more

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Chief Secretary reviews major infrastructure and capital works in Amaravati

02 May 2026

The Chief Secretary of Andhra Pradesh inspected key ongoing infrastructure and development works in Amaravati during a field visit earlier this week. The review covered major projects including steel bridges under Seed Access Road Phase-3, land pooling scheme development in LPS Zone-5D, and the construction of iconic government towers. Officials presented updates on connectivity works, drainage, power networks, and administrative buildings being developed as part of the capital region plan. A detailed review meeting was also held at the APCRDA office to assess overall progress and planning for the capital city.Read more

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Inspection of LPS 2.0 survey progresses as Amaravati land pooling gains momentum

25 Apr 2026

The second phase of the Land Pooling Scheme (LPS 2.0) in Amaravati is moving ahead with on-ground inspections and surveys across key villages. Additional Commissioner A. Bhargava Teja reviewed the enjoyment survey process and interacted with farmers, who shared positive feedback on benefits such as annual rent, loan waivers, and rent revisions. Officials confirmed that annual rent payments for LPS 2.0 participants are scheduled to begin from May 2026. The visit also involved senior officials from APCRDA’s land and survey departments, reflecting continued administrative focus on timely execution of the capital city development framework.Read more

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Amaravati authority pushes for fast-track completion of key road junction works

25 Apr 2026

The Amaravati Development Corporation has directed officials to expedite development works at the N-4 and E-3 road junction near Venkatapalem, a key entry point to the capital region. With rising traffic congestion, the authority has prioritised road surfacing, junction upgrades and safety improvements. Coordination with the National Highways Authority of India has also been emphasised for ongoing works near major bypass crossings. Additional focus has been placed on water diversion and infrastructure readiness around key stretches, indicating a broader push to improve connectivity and support the capital city’s ongoing development.Read more

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Anna Canteen launched at APCRDA headquarters in Amaravati to support staff convenience

19 Apr 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has opened an Anna Canteen at its headquarters in Rayapudi, Amaravati, to improve food access for employees working across the office campus and nearby municipal department offices. APCRDA Commissioner V. Vijayarama Raju inaugurated the facility in the presence of senior officials, including Additional Commissioner A. Bhargava Teja. The new canteen is expected to benefit staff by providing affordable meal services within the office premises. The initiative also reflects ongoing efforts to strengthen employee support infrastructure in the capital region's administrative hub.Read more

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AGICL MD reviews progress of Amaravati government housing projects

18 Apr 2026

SVR Srinivas, Managing Director of Amaravati Growth & Infrastructure Corporation Limited, reviewed the progress of key residential projects at the Amaravati Government Complex in the past week. The inspection covered MLA and MLC housing towers as well as Ministers bungalows being developed under the People's Capital initiative. He held discussions with contractors and engineering teams, stressing timely completion and adherence to quality standards. The review focused on strengthening coordination and monitoring mechanisms to ensure efficient execution and delivery as planned.Read more

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APCRDA commissioner reviews 30 public grievances at Amaravati headquarters, directs officials for time-bound resolution

18 Apr 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) conducted a public grievance redressal session at its headquarters in Rayapudi, Amaravati, where Commissioner V. Vijay Rama Raju, IAS, received petitions from farmers, residents and other stakeholders. Held in the past week, the session recorded a total of 30 grievances relating to land, planning and civic concerns within the capital region. Senior officials across engineering, planning, land administration, survey, legal and social development departments were present during the review. The Commissioner assessed each submission and instructed relevant departments to initiate prompt action to address the issues. The exercise forms part of APCRDA's ongoing administrative mechanism to engage with affected stakeholders and monitor grievance resolution within the Amaravati capital region development framework.Read more

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Amaravati’s land pooling scheme 2.0 gains traction following APSRA amendments and renewed farmer participation

15 Apr 2026

The second phase of Amaravati's land pooling scheme has gathered pace following amendments to the Andhra Pradesh State Reorganisation Act (APSRA), which have reaffirmed Amaravati as the state's capital. The Andhra Pradesh government is seeking to pool an additional 16,666 acres across multiple villages in the capital region to support infrastructure projects, including a greenfield airport and industrial developments. Participation from landowners, initially limited due to concerns over political uncertainty and delays in earlier commitments, has shown signs of improvement. The Capital Region Development Authority (CRDA) has undertaken outreach measures to rebuild confidence among farmers, while also initiating land acquisition in cases where voluntary pooling has not progressed. The scheme forms a key component of the state's strategy to advance capital region development.Read more

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28 returnable plots allocated to farmers in Amaravati

12 Apr 2026

Under the Negotiated Partnership Scheme, 28 returnable residential plots were distributed to farmers displaced by road expansion in Amaravati's R-1 zone. The e-lottery, conducted at APCRDA headquarters, allocated plots to 29 farmers from Borupalem, Kuragallu, and Undavalli. Ten of these plots were assigned to residents of Kuragallu village who had homes on Cheruvu Poramboku land since December 2014, providing them both replacement land and compensation. Officials, including the Special Grade Deputy Collector, guided beneficiaries on registration and plot location assistance, ensuring proper implementation of the scheme.Read more

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World Bank and Asian Development Bank team completes successful visit to Amaravati

12 Apr 2026

A World Bank and Asian Development Bank team recently concluded a three-day visit to Amaravati to review the ongoing construction and development projects in the capital. Officials from APCRDA, led by Additional Commissioner A. Bhargava Teja IAS, presented progress updates and discussed issues such as investment promotion, disaster prevention, inclusive housing, water and wastewater management, road development, and social welfare program implementation. The visit involved detailed discussions with PMC staff and contract representatives, with the WB and ADB team providing recommendations to strengthen planning, governance, and infrastructure management in the capital.Read more

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ADC focuses on eco-tourism and sustainable infrastructure in Amaravati

11 Apr 2026

ADC is developing Amaravati with a strong focus on eco-tourism and sustainable infrastructure. The Gravity Canal is being transformed into a tourist attraction, while reservoirs in Neerukonda and Penumaka are under construction to support water management and recreational activities. ADC's Translocation Nursery preserves large trees and medicinal plants displaced by construction and will serve as a community space. World Bank representatives visited these projects, acknowledging the efforts as innovative and impactful for the city's development and environmental sustainability.Read more

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Construction begins for Crowne Plaza 5-star hotel in Amaravati

05 Apr 2026

Construction has begun on the Crowne Plaza 5-Star Hotel in Amaravati, marking a key step in expanding the city's hospitality infrastructure. Developed by Indrayal Hotels Private Limited and consortium, the hotel will be built on four acres in Shakamuru, featuring 200 rooms and an investment of around INR 300 crore. The project is expected to provide jobs for 500 people. The move reflects APCRDA's ongoing strategy of allocating land and ensuring timely project execution, contributing to the balanced and inclusive development of Amaravati as a modern, well-planned capital city.Read more

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Cosmos-2 planetarium project in Amaravati moves ahead with land lease agreement

05 Apr 2026

The development of a modern astronomy and science education centre in Amaravati has moved forward with the signing of a land lease agreement between the Andhra Pradesh Capital Region Development Authority and the Indian Institute of Astrophysics. The project, named COSMOS-2, will be developed on 5 acres in Anantavaram and will include a planetarium, research labs, and public science exhibits. The initiative builds on a previously signed MoU and aims to strengthen scientific learning, research opportunities, and educational infrastructure in the state, positioning Amaravati as an emerging hub for space and astrophysics studies.Read more

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Amaravati government complex works reviewed, focus on quality and timelines

04 Apr 2026

The Amaravati Growth & Infrastructure Corporation Limited (AGICL) reviewed the progress of key projects at the Amaravati Government Complex, including the High Court building and housing towers for non-gazetted officers. Managing Director SVR Srinivas assessed construction status and held discussions with contractors and engineering teams, stressing adherence to quality and timelines. The NGO housing project includes 21 towers with nearly 2,000 residential units, while the High Court is being built across a large area with multiple floors. The review highlights the state's continued push to develop core administrative infrastructure in Amaravati.Read more

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Amaravati government complex works reviewed as construction progresses across key projects

04 Apr 2026

Construction activity across the Amaravati Government Complex is moving ahead, with senior officials closely monitoring progress and quality. The Managing Director of Amaravati Growth and Infrastructure Corporation Limited reviewed ongoing work at HOD Tower-4, residential bungalows for ministers and secretaries, and the Quantum Computing Center. The review focused on construction timelines, adherence to quality standards, and material usage. Officials and contractors were directed to meet set targets without compromising on execution standards. The developments are part of the broader effort to strengthen administrative and technology infrastructure in the capital region.Read more

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APCRDA signs land deal for Courtyard by Marriott hotel in Amaravati

30 Mar 2026

The Andhra Pradesh Capital Region Development Authority (APCRDA) has entered into a land sale agreement with Southern Globe Hotels and Resorts Ltd. for setting up a four-star Courtyard by Marriott hotel in Amaravati. The project involves an investment of around INR 140 crore and will include about 150 rooms. Located in Lingayapalem village, the development is expected to create nearly 200 jobs and improve hospitality infrastructure in the capital region. The company has been given defined timelines for approvals, construction, and project completion, aligning with the broader plan to strengthen Amaravati's urban and economic ecosystem.Read more

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Amaravati infrastructure works reviewed on site to track progress and coordination

29 Mar 2026

An on-site review of ongoing development works in Amaravati was carried out by S.V.R. Srinivas, Managing Director of AGICL. The inspection covered major projects including the MLA/MLC housing, minister bungalows, and judges and secretaries residences. A review meeting was also held with project representatives from KMV and BSR to assess construction progress and resolve issues. The review extended to AGC roads and underground utility works, which are key to the city's integrated infrastructure, with emphasis placed on timelines, quality standards, and coordinated execution across agencies.Read more

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Corner node installation begins for diagrid structure at Amaravati Secretariat towers

29 Mar 2026

Construction at the Amaravati Government Complex has moved into a key phase with the start of corner node installation for the Secretariat and HOD Towers. The work, part of the advanced diagrid structural system for Towers 3 and 4, is being executed by Larsen & Toubro. Officials from the state government and project authorities marked the beginning with traditional rituals. This stage is important for structural strength and design efficiency. The development reflects ongoing efforts to build modern administrative infrastructure and strengthen Amaravati's position as a planned capital city.Read more

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