Amaravati
Andhra Pradesh, IndiaNew CityUnder development
The planned capital of Andhra Pradesh, relaunched in 2024 with $1.6B in committed lending from the World Bank and ADB.
Founded
2015
Status
Under development
Operating entity
Andhra Pradesh Capital Region Development Authority (APCRDA)India (Andhra Pradesh)
Total funding
$1.6Bas of 2024-12[src]
Population
100,000 / 3,500,000current / target
Target completion
2050
Founders & Leadership
- N. Chandrababu Naidu
AP Chief Minister; project sponsor
Funding
Total raised: $1.6B (as of 2024-12)[src]
$1.6B committed by World Bank ($800M IBRD; approved Dec 20, 2024) + ADB ($788.8M result-based loan) + Rs 1,400 crore central. Phase I ~Rs 15,000 crore (~$1.8B). Plans to catalyze $600M+ private investment.
Investors
- World Bank (IBRD)Government
- Asian Development BankGovernment
- Government of IndiaGovernment
- Government of Andhra PradeshGovernment
How to join
Land Pooling Scheme returns (34,390 acres pooled 2014–19)
ResidencyFuture business setup
Business incorporation
Goals
217 sq km; capital city + economic hub on East Coast Economic Corridor; affordable housing 22% of residential.
- Target population — 3,500,000
- Target completion — 2050
Press
- World Bank · 2024-12-20World Bank Support for Amaravati as a Growth Hub in Andhra Pradesh
Official channels
Unverified or unconfirmed
links.twitter, links.linkedin, links.instagram, founders (specific APCRDA CEO 2026). Have a correction? →