In a critical move, the Housing and Urban Development Corporation (HUDCO) has extended a hefty loan of Rs 11,000 crore to the Capital Region Development Authority (CRDA) to assist in building Amaravati, the state capital of Andhra Pradesh, according to an official statement. The loan agreement was signed in Chief Minister Nara Chandrababu Naidu’s residence in Undavalli, attended by prominent officials including the Minister for Municipal Administration and Urban Development (MAUD) P Narayana and HUDCO CMD Sanjay Kul Shreshtha.
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