CRDA approves land pooling for Gems & Jewellery Park in Mangalagiri

Capital Region Development Authority has approved land pooling for the Gems & Jewellery Park as part of the ‘Gold Cluster’ project in Mangalagiri.

As part of the project, 78 acres at Atmakur near Mangalagiri will be assembled under the Land Pooling Scheme (LPS). The authority also approved special LPS norms for this cluster.

The decision was taken at the 51st CRDA meeting held on Monday under the chairmanship of Chief Minister N. Chandrababu Naidu, who instructed the officials concerned to ensure robust infrastructure to establish a dedicated ecosystem around the cluster. CRDA officials noted that the project is expected to attract ₹5,000 crore in investments and create nearly 20,000 jobs.

CRDA further sanctioned ₹904 crore under the Critical Infra and Investment Plan for LPS Zones to strengthen basic amenities like drains, water supply, and critical infrastructure works across 29 village panchayats within the capital region.

The meeting cleared the creation of a Special Purpose Vehicle (SPV) for various prestigious projects in the capital. These include the gGreenfield airport, NTR statue, sports city, smart industries, riverfront development, inner ring road, and ropeway.

Other approvals included removal of the term “assigned” from ownership certificates issued under LPS, establishment of a sewerage water treatment plant in Amaravati at a cost of ₹411 crore, setting up a water distribution center at ₹376.6 crore and allotment of an additional 100 acres each to VIT and SRM universities.