Amaravati’s future as Andhra Pradesh’s capital is once again making headlines — not for development, but for what critics say resembles a real estate liquidation.
While the coalition government claims that Amaravati is developing on its own, massive loans already taken for capital works have forced the state to consider monetising land to repay debts.
As part of this, the Capital Region Development Authority (CRDA) is preparing to launch a land monetisation policy, with a first phase that includes selling 4,000 acres of prime land within the capital region.
Though exact locations haven’t been finalised, CRDA has reportedly decided to fix the sale price at ₹20 crore per acre — a valuation aimed at raising ₹80,000 crore.
Officials say the funds will be used to clear existing debts and further develop the capital.
Some of the land may also be allocated to real estate firms under a 60:40 development model in a second monetisation phase.
While acquiring vast tracts of land for the capital was one challenge, developing it is proving to be a bigger one.
The proposed pricing has sparked debate about whether there is sufficient demand. If land sells quickly, it may reinforce public confidence in Amaravati’s future. If not, it could fuel speculation and fear about political or financial uncertainty surrounding the capital.
Ultimately, the response to this land sale — voluntary buyers or forced allocation — may be a litmus test of public trust in Amaravati’s future.
