The Housing and Urban Development Corporation (HUDCO) has sanctioned Rs 11,000 crore for the construction of Amaravati, the capital city of Andhra Pradesh.
HUDCO officials handed over the loan sanction documents to CRDA Commissioner Kannababu on Tuesday. They have asked the CRDA to complete the loan agreement process within four months. It may be recalled that HUDCO’s governing body recently approved the loan during a meeting held in Mumbai.
The Chandrababu Naidu-led coalition government announced the construction of Amaravati soon after coming to power in 2024. The state government is making all efforts to mobilise funds for the capital city’s development.
Amaravati gets Rs 11K cr HUDCO loan
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