Chief minister Y S Jagan Mohan Reddy ordered to stop all those capital city-related contracts that have less than 25 per cent progress
Current Affairs :-A broad financial lull is by all accounts available for Andhra Pradesh. This is to some extent because of the unexpected dunk in business as far back as the state government connected brakes on framework action in the up and coming capital, Amaravati.
Media reports are doing the rounds about the predicament in towns inside the capital city territory. They featured void house properties emptied by individuals utilized in these development ventures. Shops managing staple goods and purchaser durables left business without vagrants who have now moved out after work quit, as indicated by reports.
Passing by one gauge, more than 20,000 individuals, for the most part transients, were occupied with different ventures in the zone preceding the difference in government prior this May. This is a major number considering the way that the all out populace of the 29 towns falling under the capital city region was just about 1.5 lakh individuals when the grounds were allocated for the capital.
The predicament, in any case, isn’t simply limited to individuals who assembled additional spaces for rental, or retail organizations that sprung up. Scores of financial specialists have discovered their cash stuck in properties that neglect to draw in purchasers as far back as the legislature said the capital was not a need any longer.
As indicated by Anarock Property Consultants administrator Anuj Puri, other than engineers obtaining area banks in Amaravati, a few purchasers from Hyderabad, Vijayawada and even NRIs were known to have contributed here. The adjustment in watchman has affected costs with couple of territories seeing a dunk in land costs, he said.
Aditi Mehta 