Vijayawada: The allotment of developed plots under the Land Pooling Scheme (LPS) from the Capital Regional Development Authority (CRDA) to landowners in Amaravati capital location villages will decide the fate of entire realty and infra activity in the cities of Vijayawada and Guntur cities and also in AP.
As per plans, the government planned to hand over the lands to landowners this month. The landowners too are eagerly waiting to get their share of plots as they want to start various projects like construction activity and also to sell the plots. According to Vijayawada Builders Association, its impact will be huge on the entire realty and infra activities in the state.
The state government collected 33,000 acres of land from landowners by implementing Land Pooling Scheme (LPS). Now, the government wants to start the land distribution in a phased manner villages-wise. The government has to return almost 10,000 acres to landowners under this scheme.
Presently, the landowners are waiting for getting developed lands. They also want to start various construction activities and sell some share of developed plots, says Bandlamudi Nagesh, who is native of Penumaka village in Amaravati capital location of Guntur district. He said that some landowners are ready to sell their plots if prices are attractive.
Several investors, including NRIs, are waiting for bagging the developed plots by treating those are secure for investment purpose.
