Nation Current Affairs 11 Dec 2017 Demand for returnabl ...

Demand for returnable plots in Amaravati area

DECCAN CHRONICLE. | MD ILYAS
Published Dec 11, 2017, 7:51 am IST
Updated Dec 11, 2017, 7:51 am IST
As many as 33,394 plots are residential, 1,388 villas.
The price ranges from Rs 12,000 to Rs 22,500 per square yard depending upon the areas selected in Amaravati. (Representational Image)
 The price ranges from Rs 12,000 to Rs 22,500 per square yard depending upon the areas selected in Amaravati. (Representational Image)

Guntur: The demand for returnable land pooling plots in the new capital Amaravati is on the rise. Earlier the public used to purchase land in acres but the trend has changed for both residential and commercial plots with the starting of “returnable land pooling plots” development. People from all over AP and other states too are coming to Amaravati to purchase returnable residential and commercial plots. The price ranges from Rs 12,000 to Rs 22,500 per square yard depending upon the areas selected in Amaravati. 

The construction of Amaravati seed access road and arterial roads have been started and are being completed with alacrity. APCRDA had collected 33,000 acres of land from 23,903 farmers in the villages of Amaravati Capital Region for the formation of the new capital Amaravati. APCRDA is offering 59,014 commercial, residential and villa plots in return under Land Pooling Scheme. As many as 33,394 plots are residential, 1,388 are villa plots and the rest of the plots are commercial. 

 

APCRDA has proposed LPS layouts in 13 zones of Amaravati offering returnable LPS plots and have started land development work in earnest. The APCRDA will register the returnable plots to the LPS farmers enabling them to sell those plots to others. Earlier the LPS farmers were skeptical about the development of returnable plots and showed their reluctance towards registration. As such only 350 plots were registered. But things changed later and 3,335 returnable plots were registered. 

A LPS farmer Mr D. Subba Rao said that earlier the buyer had to purchase land in acres or cents from LPS farmers so only the wealthy class were able to afford the lands. He said that now the situation had changed due to returnable plots of LPS layouts so now the public can purchase large, big, medium and small plots according to their choice and this is beneficial to Amaravati farmers.

A farmer turned realtor Mr G. Naresh with his real estate office in Amaravati, said doctors, engineers, lawyers, software professionals, industrialists, businessmen, traders, officials, lecturers, teachers and upper and middle classes of the society from all over AP were now coming to Amaravati to purchase returnable plots. He said that returnable plots on Jareebu land were in good demand in Rayapudi, Venkat-apalem, Mandadam, Undavalli, Uddandarayunipalem and Lingayapalem and were being offered at the rate of Rs 12,000 to Rs 22,500 per square yard price. 

According to realtors, not only the wealthy but all classes of society would live in Amaravati in the future due to availability of returnable plots in various measurements. APCRDA Commissioner Mr. Sreedhar said that development of LPS layouts had started and world class basic amenities would be provided to these layouts.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT