Vijaywada: A finance Minister, Yanamala Ramakrishnudu headed team consisting of a group of ministers has recommended that the State government collects between Rs 50 lakh and Rs 4 crore per acre while getting into the institutional and organizational sale of and land in the capital.The land would be handed over to the institutions only after payment of the prescribed amount.
The Group of Ministers on Friday categorised the institutions and organisations into different categories such as health, education, Central government organisations, State government organisations, hotels banks, and business establishments, and State government corporations.
Depending upon the category and land need, prices are to be fixed. The state cabinet is, however, the final decision maker in decisions related to land allocation and sale.
1000 acres have already been allocated to 29 institutions, with land having been handed over to some of them. VIT and SRM universities have already started construction of their buildings. Amrita University will be commencing their academic session from 2018-19. NIT buildings are under construction as well.
Hindu reports that Land is proposed to be allocated to the Indo-UK Hospital (150 acre), GR Shetty Medical College (100 acre), Nandamuri Basavataraka Rama Rao Memorial Cancer Foundation, Central University, Reserve Bank of India (11 acre), Nabard (4.3 acre), Apcob, SBI, Andhra Bank, Syndicate Bank and other banks, LIC of India, Food Corporation of India, Indian Navy (15 acre) Comptroller and Auditor General of India (17 acre), Rail India Technical Economic Services (1 acre), Indian Oil Corporation, HPCL, etc A.P. Civil Supplies Corporation, APNRT (4.5 acre), Dr. B.R. Ambedkar Smriti Vanam (20 acre), State Forensic Laboratory (3 acre), LV Prasad Eye Hospital (12.5acre), KIMS Health University, Hospital (40 acre), Xavier School of Management (30 acre) and Pullela Gopichand Academy (12 acre).