Hyderabad: The Singapore consortium of companies will develop land in the seed capital area allotted to it at nominal price and provide a share to AP government in the developed land.
According to Chief Minister N Chandrababu Naidu, the state government is working on various modalities. “The development partner will give us a share. They will develop and market (the land) across the globe. There are several models being worked out,” he said.
The next meeting of the State Cabinet is likely to finalise the sale of land to Singapore consortium of companies. Mr Naidu said iconic buildings like AP Legislative Assembly and High Court will come up by 2019, before the elections.
Mr Naidu said, “Once the momentum picks up, the capital will take shape. The time period depends upon how it takes shape.”
