HUDCO, CRDA Sign ₹11,000 Crore Deal for Andhra Pradesh’s New Capital

Amaravati, March 16 – A significant step toward the development of Andhra Pradesh’s new capital has been taken with the signing of a ₹11,000 crore loan agreement between the Housing and Urban Development Corporation (HUDCO) and the Capital Region Development Authority (CRDA). The deal, which was finalized in the presence of Chief Minister Shri N. Chandrababu Naidu, is expected to accelerate the state’s urban transformation.

The agreement was signed during a high-profile event attended by Shri Sanjay Kulshrestha, CMD of HUDCO, Shri P Narayana, Minister of Municipal Administration & Urban Development, and senior officials from both organizations. Through this partnership, a world-class capital city is set to be developed, bringing with it economic growth and new business opportunities.

Opportunities for Businesses and Investors

A significant boost to the corporate sector is anticipated, as industries related to infrastructure, real estate, and technology will be heavily involved. The demand for construction materials, smart city technologies, and urban planning solutions is expected to rise.

“This isn’t just about a new capital—an economic engine for the state is being created,” noted a senior industry analyst. Investment prospects in real estate, logistics, and commercial projects are likely to increase as the city takes shape.

Economic Impact and Job Creation

Thousands of jobs are expected to be generated as construction progresses, benefiting both skilled and unskilled workers. Additionally, businesses across sectors will be encouraged to expand operations, creating long-term economic benefits for the region.

With strong financial backing and strategic urban planning, the new capital is poised to become a major hub for commerce, innovation, and investment in the coming years.