It’s festive mood in Nelapadu, the nondescript village in the Amaravati region where the State government has allotted the first tranche of plots to the farmers who contributed farm land for the proposed capital city.
The allocation opened the proverbial floodgates of development as most farmers are yielding to the proposed offers by real estate builders.
So far, it was a notional plot and related value but now the farmers have got the exact location which helps them negotiate with the builders, says a villager from Nelapadu.
“For us, we are planning to get a villa built in about 500 yards. The remaining commercial and residential plots will be considered for development based on the proposals,” said Ankineedu from Nelapadu village. The villagers are in upbeat mood over the offers from builders for the development of the plots, he said.
For the record, the Andhra Pradesh government has pooled about 34,000 acres of farmland from 29 villages in the Amaravati region to build a world class capital with nine cities. The contributing farmers have been promised proportionate developed residential and commercial plots in return.
The first of such plots have been given to Nelapadu villagers on Saturday.
The AP Capital Region Development Authority (APCRDA), after an intense technical exercise through an application, facilitated allotment through a lottery and sent auto-triggered SMS to the farmers of the same.
The development and construction activity will naturally pick up in the region as the availability of land will attract the builders who are battered by high cost realty in Vijayawada, according to APCRDA Commissioner N. Srikanth.
As per a ballpark estimate, land in Vijayawada is five times more expensive compared to that in the capital region.
Development ratio
The builders too have started the process of securing the potential partners in the village as soon as the announcement of plot allotment was out.
“Some farmers are happy with 50:50 ratio in the developed property while a few others demand 60 per cent, especially if the plot falls in the north-east part of the layout,” said Govind, a Vijayawada based builder.
Limitation on floors
The APCRDA, on its part has already issued guidelines on the nature of development, mostly related to the number of floors.
As per the norms, the plots from 300-600 yards are allowed upto G+3; 600-2,400 upto G+5 and one cellar and 2,400 upwards are allowed upto G+11 and two cellars.
CRDA assurance
As per the assurance from the CRDA, the clear marking and road network will be completed in two to three months and the permanent roads along with underground drainage systems will be built within four years.
