How Andhra's dream capital is turning into a nightmare

[MiryalgudaMaruthiRao]

Just now, user789 said:

amaravati is scam..pulkas wanted to cheat ppl and earn money...realizing it now...

nice happened

its not pulkas  greedy Janam

[k2s]

57 minutes ago, Spartan said:

Jammula Malleswara Rao, a farmer from Tulluru, remembers the day he bought an earthmover and leased it to a corporate house. In his mind he had prepared himself for busy days ahead. His machine has been idle for over two months now. “It is rusting in the sun and rain,” he said, his face creased with worry. “I don’t know what to do. I have no money to pay my staff.”
Rambabu, always the optimist, is in deeper gloom. He had purchased three earthmovers with a loan of Rs 60 lakh that he got from private finance companies. He pays close to Rs 70,000 as EMI and then there are salaries of employees to think about. “I’ve put the machines on sale. I am on the verge of defaulting on instalments,” he complained.

Amaravati, the new capital proposed for Andhra Pradesh, is on shaky ground. Former chief minister Chandrababu Naidu had planned this as a model city, which was to be built at a cost of Rs 2 lakh crore. So far, Rs 10,000 crore has been sunk into the project, but CM Jaganmohan Reddy has slammed the brakes.
Silence cloaks construction activities that screeched to a halt after elections to the Lok Sabha and state assembly in July. Hotels and restaurants are running empty, new houses look haunted, auto showrooms have no buyers. It’s as if time itself has stopped.

 

 

World Bank and Asian Infrastructure Investment Bank (AIIB), which together were to pump in $300 million, pulled out of the Amaravati capital region project soon after the polls. After clinching victory, Jaganmohan quickly announced an inquiry into allegations of corruption. And he stayed quiet on whether Amaravati would remain the capital at all.
When Naidu made public the location of the new state capital in 2014 – backed then by Prime Minister Narendra Modi – and vowed to turn it into a model city that many were happy to call Hyderabad 2, land prices skyrocketed in rural Tullur and Mangalagiri mandals, the core capital areas.
Prosperity and investments swept the region. Farmers sold swathes in the unprecedented boom in real estate and moved to what promised to be a lucrative business, putting money into construction-related machinery such as earthmovers, tippers and tractors. Some got into housing for the floating population working in multiple projects and others started appliances shops, supermarkets, hotels, creating a grand urban ecosystem. Corporate houses such as L&T, Shapoorji Pallonji and NCC, which bagged various contracts, hired vehicles leased by local residents. Everyone was upbeat, starry-eyed.

 

 

Today there’s hopelessness all around. Farmers want to return to agriculture but large-scale construction in the last four years has turned fertile lands barren. Moreover, they have been leveled, and infrastructure such as bore wells, drip irrigation systems, power connections are wiped out. Worse, the map is redrawn.
“We cannot take up cultivation even if we want to,” said Shaik Subhani, who once owned three acres at Venkatapalem on the banks of the Krishna. These days he makes a living selling bitter gourds by the roadside, which is almost always deserted. Even if land were to be returned, legal hurdles abound.

 

The Capital Region Development Authority’s (CRDA) works have ensured physical boundaries have been erased. The revenue department may have old records on paper, but those are of little use now.
Over the last five years, hotels came up, supermarkets and shops mushroomed and farmers made houses they rented to staffers of companies who were on site to build Amaravati. About 1,500 engineers lived as tenants in Tulluru, Mandadam and Velagapudi. Rents skyrocketed. Farmers who had become landlords are today saddled with a stock of empty houses. About 70% of the living quarters in the capital's 'villages' are vacant.

The population in the capital city area had more than doubled. There was an influx of workers and employees of the secretariat, high court and other government bodies, and students and teachers of various educational institutions that had sprung up around Amaravati. Twenty thousand workers have left, according to Muppalla Anil, who had opened a supermarket at Tulluru.
The high-pitched publicity blitzkrieg – there were supposed to be shiny skyscrapers, landscaped gardens, picturesque lakes, metro rail – had attracted IT professionals, doctors, businessmen et al of Andhra and Telangana who viewed Amaravati as the place to invest in, make a career. They took bank loans to start up and buy property. Land prices rose from Rs 80 lakh to Rs 2 crore per acre.

But the prices have fallen steeply, almost to half. The state's housing project Happy Nest — multi-storied, posh — has gone from class investment for the non-resident Telugu diaspora to a loss-making venture. It was a matter of record, and pride, when all 1,200 expensive flats were booked within minutes of opening. The first 300 were snapped up in under a minute.
Satish Dhawan from Hyderabad was one of those who had booked a flat in Happy Nest. “Everyone called me up and congratulated me," he told TOI. "They said I had bagged a golden opportunity. Now they are all full of sympathy for me.”

 

Ayyayyooo ... kori kori jaffa gadiki vote esi mari valla future nasanam chesukunnar kada AP ppl.

papam aa farmers.. manchi fertile land nasanam ayipoyindi gaa.. 

happy nest lo koney alochana undey... glad i dint buy. 

 

[kothavani]

Wow fertile lands got wasted , farmers sangathi Emo kani what will happen to the people who were depending on agriculture horticulture like small vendors etc

[Android_Halwa]

1 hour ago, Spartan said:

@TheBrahmabull

 

1 hour ago, Spartan said:

@lovemystate

Entha pilichina, vallu ilanti reality ki degara ga vunde threads loki raaru

[former]

14 minutes ago, Android_Halwa said:

 

Entha pilichina, vallu ilanti reality ki degara ga vunde threads loki raaru

2014 lo Jagan WIN ayyi vunte ipudu ala ayyedi kadu.

 

[former]

14 minutes ago, Android_Halwa said:

 

Entha pilichina, vallu ilanti reality ki degara ga vunde threads loki raaru

Everything is reality. Some people might lost everything after elections.

[AndhraneedSCS]

5 hours ago, kothavani said:

Wow fertile lands got wasted , farmers sangathi Emo kani what will happen to the people who were depending on agriculture horticulture like small vendors etc

AP lo almost 2 Crore acres of agriculture land undhi and farmers are suffering to to lack of price for their products. Oka 35000 acres taggadam valla it wont have such a big impact ani na feeling 

[dasara_bullodu]

Bring Babu back

[chicagoafdb]

Babu has his issues with political decisions..he is not good but not as worst as current one..

A.P is gone with wind..turned out to be southern Bihar..

On top of political vengeance state interests should be top priority..how can state will sustain after all these political terriosim..

Contracts are stopped literally to divert percentage to current leaders..

Advantage BJP.. BJP knows this will happen and people has no choice to support bjp for sake of state will happen next elections..

[dasara_bullodu]

Best Time to buy in Amaravati @k2s@Spartan

[rajprakashraj]

Jaggay gadu state m kuduputadu by next elections!!

[akumm_bakkumm2]

10 hours ago, bezawadalion said:

TS pinkies will be happy

Education lo TG last lo undi anna report techi sankalu guddukunna vallu vachi eppudu TG vallu happy untaru ani cheppadam too comedy.

[snoww]

9 hours ago, dasara_bullodu said:

Bring Babu back

Malli nuvve raavaali 

[Spartan]

16 hours ago, k2s said:

Ayyayyooo ... kori kori jaffa gadiki vote esi mari valla future nasanam chesukunnar kada AP ppl.

papam aa farmers.. manchi fertile land nasanam ayipoyindi gaa.. 

happy nest lo koney alochana undey... glad i dint buy. 

 

bisket aitunde...

still hold on to ur cash.

[snoww]

10 hours ago, AndhraneedSCS said:

AP lo almost 2 Crore acres of agriculture land undhi and farmers are suffering to to lack of price for their products. Oka 35000 acres taggadam valla it wont have such a big impact ani na feeling 

35000 acres just core capital. 

Capital Peru seppi capital chuttu Inka kotha ventures vese vuntaaru gaa