Date: December 11, 2024
Taj and Oberoi Eye Land in Amaravati: A Metropolis in the Making
Taj and Oberoi Seek Land in Amaravati
Amaravati, the emerging capital of Andhra Pradesh, is quickly evolving into a modern city. Currently, it houses key structures such as the state secretariat, the legislative assembly, the high court, and prominent educational institutions like VIT and SRM University. Taj, Oberoi, and Raheja show interest in Amaravati’s growth
The recent elections brought a landslide victory for the TDP-led coalition, with Nara Chandrababu Naidu returning as Chief Minister. His renewed leadership is now driving Amaravati’s growth.
Ambitious Plans for Amaravati’s Development
Chief Minister Chandrababu Naidu has allocated ₹26,000 crore to develop Amaravati. His goal is to transform it into a thriving capital city. This plan has attracted significant attention from major industries, especially in hospitality and real estate.
Many organizations have already secured land in Amaravati. Now, leading companies like Taj Hotels, Oberoi, Raheja, and IRCTC are seeking land for their projects.
Luxury Hotels by Taj and Oberoi
The Taj Group, known for its luxury hotels, plans to establish a hotel and convention center in Amaravati. With its success in Visakhapatnam, the group has requested 10 acres of land to expand its presence.
Similarly, the Oberoi Group has shown interest in acquiring 10 acres to build a luxury hotel. Oberoi, already involved in a tourism project in Kadapa, is eager to contribute to Amaravati’s development.
Real Estate and Tourism Expansion
The Raheja Group, a major player in real estate, has requested 5 acres of land to start operations in Amaravati. Known for its large-scale projects, Raheja sees great potential in the city’s growth.
Additionally, the Indian Railway Catering and Tourism Corporation (IRCTC) has proposed a 3-acre land allotment to support its tourism initiatives. The Capital Region Development Authority (CRDA) is already working on these requests.
The Future of Amaravati
With companies like Taj, Oberoi, Raheja, and IRCTC joining the city’s transformation, Amaravati is on track to become a bustling urban hub. These investments highlight its potential as a destination for business, tourism, and hospitality.
Chandrababu Naidu’s leadership is reshaping Amaravati into a world-class capital. The city’s future looks bright as it attracts top-tier players from across industries.