The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the construction of the general pool residential accommodation at Andhra Pradesh’s new capital city, Amaravati, with an investment of Rs 1,234.91 crores
“The project will be funded by the Government of India through budgetary support under the
Head of Account: 4216 – Capital Outlay on Housing (Residential Buildings),” a Cabinet communique said.
The project will be executed by the Ministry of Housing & Urban Affairs through the Central Public Works Department (CPWD). Pre-bid activities have already commenced, and the preparation of tender documents is presently in progress, it added.