VIJAYAWADA: The state government will aggressively pursue monetisation of government lands, both vacant as well as with buildings, which have been identified in all major cities and towns.
Chief Minister Y.S. Jagan Mohan Reddy has held a detailed discussion on putting government lands to effective use with National Building Construction Company chairman and managing director P.K. Gupta, who called on the CM here on Tuesday.
In the first phase, government lands in prime areas of major cities will be monetised through NBCC, which will create and sell commercial space. If an area has huge potential, the government will relocate its existing offices and take up commercial development on such areas, sources indicated.
AP had taken up the “Mission Build Andhra Pradesh” initiative with NBCC in November last year. Following up on the project, it took up the elaborate exercise of identifying vacant government lands, small parcel sites with dilapidated government buildings, and lands with government office buildings in good condition.
“We have identified potential lands. We will have better clarity once the house sites’ programme of the state government is over, because of some of the lands might be used for that scheme,” a revenue official told Deccan Chronicle. “We have also proposed to take up immediate construction on few sites, whose potential is very high,” he stated.
The state government is hoping to increase its revenues by promoting construction activity on a large scale. Apart from the Mission Build Andhra Pradesh initiative, the housing department is hoping construction activity will witness a fillip, thereby increasing tax revenues from large-scale construction of houses on sites allotted to weaker sections.
