The offer made by the Singapore government consortium comprising two firms to purchase land in the new capital region of Amaravati in Andhra Pradesh came as a pleasant surprise to many, while it created suspicion among the sceptics.
The consortium has offered to buy the land at a cost of Rs 4 crore per acre while the prevailing market rate in the Amaravati area is anywhere between Rs 1.5 crore to Rs 2 crore. This is really surprising as to why they are investing so much.
Apparently, the Singapore government has seen a lot of potential for growth in the area since it is closer to Guntur and Vijayawada and in future, it would fetch a very high value.
But, what has created suspicion is that the TDP leadership itself might be behind the huge offer made by Singapore consortium.
The TDP leaders have already purchased huge chunks of lands in Amaravati at a very cheaper rate, thanks to the alleged leak given by Chandrababu Naidu that he was going to select the area as the capital.
Already, their land prices have gone up and now, with the Singapore consortium offering Rs 4 crore per acre, their land value would shoot up further making them multi-millionaires. And Naidu has mastered the art of this kind of insider trading to benefit his own people, say critics.
