00:00Central Business District was inaugurated in Amaravathi, Rajdhani as a start-up area.
00:08Singapore representatives visited Rajdhani.
00:11The news of CBD has come to the fore again.
00:14The Central Business District was inaugurated by the TDP government in Gatham
00:18with the aim of improving Amaravathi as a source of income.
00:22The construction site was built to develop the CBD area as a source of income for the people of Amaravathi.
00:28The Singapore Consortium came forward to develop this area.
00:32In June 2018, the Amaravathi Development Corporation signed an agreement with the Singapore Consortium.
00:38The Central Business District was to be built in 1,691 acres.
00:43The Phase Zero Project was to be developed as part of this.
00:47The Singapore Consortium signed an agreement with the Amaravathi Development Corporation
00:54to build a vehicle industry and attract foreign investors.
01:06The Singapore representatives convened a Joint Implementation Working Committee.
01:14The Phase Zero Project was to be developed as part of this.
01:18Adhika, Vanijya and Lavadevilu said that if this project is carried out,
01:21the land value will increase along with the development of the Rajdhani area.
01:39CRDA handed over 1,691 acres of land to the Singapore Consortium as a start-up area in Krishnanadi.
01:47The Phase Zero Project was to be developed as part of this.
01:54The Singapore Consortium and the Amaravathi Development Corporation
01:58formed an investment board under the name of Singapore Amaravathi Investment Holdings.
02:04The Singapore Consortium and the Amaravathi Investment Holdings formed a joint venture.
02:09The Singapore Consortium and the Amaravathi Investment Holdings formed a joint venture.
02:18The Amaravathi Development Corporation also made a joint venture.
02:23The General Power of Attorney for the 656 acres of land to be developed in the start-up area
02:30was approved by the Singapore Consortium.
02:35The Singapore Consortium announced that it will develop the land in 24 km of seed development area.
02:42The Singapore Consortium also announced that it will take 20 years to transform Adhika, Lavadevilu
02:48into a central business district with 1,691 acres of land.
03:06With the transformation of Adhika in 2019, the land in Amaravathi was confiscated.
03:12The Amaravathi Development Corporation also stopped the development project in Yankuraprantha.
03:17The Amaravathi Development Corporation also took back the land confiscated by the Singapore Consortium
03:22for the development of the start-up area in 1,691 acres of land.
03:26As a master developer, the Singapore Consortium did not develop the land.
03:32The YCP government destroyed the land.
03:35The Singapore Consortium has a share of 58% and the Amaravathi Development Corporation has a share of 42%.
03:43The Singapore Consortium has to invest Rs. 306 crores and the ADC has to invest Rs. 222 crores.
03:50But both the governments have invested only Rs. 78 crores and Rs. 52 crores.
03:57The government has taken back the land confiscated by the Singapore Consortium.
04:03The YCP government has taken back the land confiscated by the Singapore Consortium.
04:12The Singapore Consortium has a share of 58% and the ADC has to invest Rs. 72 crores.
04:18The Singapore Consortium has a share of 58%.
04:27.
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