16 May '17, 6am

Singapore consortium appointed master developer of Amaravati City start-up area | Overseas | PropertyGuru.com.sg

Map of start-up area (Image: Ministry of Trade and Industry (Singapore)). A Singapore consortium comprising Ascendas-Singbridge and Sembcorp Development has been appointed master developer of the Start-up Area in Amavarati, which is the new capital of Andra Pradesh, India. The appointment was announced by Andhra Pradesh Chief Minister Chandrababu Naidu and Singapore Minister for Trade and Industry (Industry) S Iswaran at a ceremony in Amavarati. With this, the Singapore consortium, along with the government of Andhra Pradesh’s Amaravati Development Corporation, will form a joint venture known as the Amaravati Development Partners to develop the area, revealed the Singapore’s Ministry of Trade and Industry (MTI). To be developed as the capital city’s financial district, the start-up area is located within Amaravati City’s 20-square-kilometre Seed Development Area. Spread ac...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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