AP launches Rs.2,652 cr towering projects [IMG] In a major...

AP launches Rs.2,652 cr towering projects

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In a major booster to the sagging real estate sector, the Andhra Pradesh government has awarded Rs.2,652 crore contracts for building multi-tower housing projects in its state capital Amaravati to NCC Limited, L&T and Shapoorji Pallonji with a mandate to complete the work in the next six months time. In this connection, the CM N Chandrababu Naidu approved the revised cost, which is 33% higher compared to the earlier figure of Rs.1,991 crore as the construction major gear up for the opportunity. The project included the construction of 18 towers of luxury flats each with a built-up area of Rs.3,500 square feet for MLAs and the All India services officers, 22 towers with flat size of 1,200 square feet for non-gazetted government staff, 8 towers flats with 1,800 square feet size for Type 1 gazetted and 7 towers with slat sizes of 1,500 for Type 2 gazetted officers and 6 towers with flat size of 900 square feet for class 4 employees, said official sources. The designs for the towers and villas and blueprints and layouts of houses were prepared by Team One India Private Limited. Last year L&T and Shapoorji Pallonji were engaged by the state government to complete the temporary secretariat complex with a total built up area of around 5 lakh square feet in the capital city site in a record time, they added.