However, the government is yet to take a decision on enhancing the land value though the proposal is being seriously looked into, according to AP Deputy Chief Minister K E Krishna Murthy.
"We are planning to enhance the land value in and around Vijayawada in sync with the rising market value. The decision may come in two months," Murthy, who holds the Revenue portfolio, said in a press conference here today.
The government, however, has not imposed a ban on land registrations in Vijayawada region to keep a tab on the skyrocketing rates, he said.
"We are currently looking into the extent of land, both government and private, available in and around Vijayawada for the requirements of the new capital. We are eliciting public opinion on how to go about the land acquisition process for the new capital.
"A notification has already been issued and also a committee is looking into the issue. There will be some clarity on this after the committee submits its report," he said.
His clarification came in the backdrop of reports that he was left sulking after the chief minister deliberately did not include the Deputy CM in the Cabinet Sub-Committee though he handles the crucial Revenue portfolio that controls all land issues.
"Everyone knows why I opted out of the committee," Murthy remarked.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
