3 hrs ago
APCRDA Allots Amaravati Land to LIC, Farmers Receive Plots
The Amaravati development authority gave LIC 0.40 acres of land for a new office complex.
The land is in Uddandarayunipalem.
LIC also plans to build quarters for its officers there.
The authority and LIC signed an Agreement for Sale.
The office is expected to have about 11,000 square metres of space.
It may provide work for around 1,250 people.
The authority also used an e-lottery to give 28 replacement plots to 18 farmers.
These farmers had contributed land for the Amaravati capital or were affected by other land issues.
The plots included homesites and business sites, and officials will help farmers register and locate them.
APCRDA allotted 0.40 acres at Uddandarayunipalem to LIC on a freehold basis.
LIC plans to build a regional office and officers’ quarters with about 11,000 square metres of carpet area.
The APCRDA and LIC executed an Agreement for Sale for the land allotment.
An e-lottery allotted 28 returnable plots to 18 farmers from Penumaka.
The plots included 19 residential and nine commercial sites, while the LIC project is expected to create about 1,250 jobs.
- Who
- The Andhra Pradesh Capital Region Development Authority, Life Insurance Corporation of India, and 18 farmers from Penumaka.
- What
- APCRDA allotted 0.40 acres to LIC and distributed 28 returnable plots to the farmers.
- Where
- The LIC land is at Uddandarayunipalem in Amaravati, and the e-lottery was held at the APCRDA commissioner’s office in Rayapudi.
- When
- The e-lottery was held on a Friday; the articles do not specify the date.
- Why
- LIC plans to establish an office complex and officers’ quarters, while eligible farmers received alternative plots after contributing land or being affected by road widening, litigation, or land acquisition.
Key facts
- LIC land allotment
- 0.40 acres at Uddandarayunipalem, Amaravati
- Allotment basis
- Freehold under the Amaravati Land Allotment Rules and Regulations, 2017
- Agreement
- APCRDA and LIC executed an Agreement for Sale
- LIC project
- Office complex and officers’ quarters
- Planned carpet area
- Approximately 11,000 square metres
- Expected employment
- Around 1,250 people
- Farmer plots
- 28 plots for 18 farmers: 19 residential and nine commercial
Sources
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