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Hans India
11-05-2025
- Business
- Hans India
The Story of Amaravati's Comeback : Real Estate Development After Policy Revisions
Abstract Amaravati, the dream capital of Andhra Pradesh, was stopped due to uncertainties and is now making a comeback in 2025. City is finally witnessing renewed interest from investors, developers , and homebuyers after a long political tug-of-war and discontinued infrastructure credit of this shift goes to a fresh set of policy revisions introduced by the Andhra Pradesh government .The aim was to revive the original vision for Amaravati. Due to significant land development, key developers re-engagement, and revitalized infrastructure planning, Amaravati's real estate market is back on the growth path. Amaravati Policy Revisions 2025 In this section, we are sharing critical policy reforms introduced by the government of Andhra Pradesh in 2025 to revive investor sentiment and re-energize the Amaravati Capital Region Development Project. These include: Reinstating the Capital Development Plan: Amaravati's original vision as a planned green and smart capital has been restored. Amaravati's original vision as a planned green and smart capital has been restored. Land Pooling Reassurance: Timely compensation, development returns and land rights have been assured to the farmers and landowners who contributed land under the Land Pooling Scheme Timely compensation, development returns and land rights have been assured to the farmers and landowners who contributed land under the Land Pooling Scheme Clearance of Legal Hurdles: Special tribunals and fast tracking legal processes are addressing ongoing litigations and development hold-ups. Special tribunals and fast tracking legal processes are addressing ongoing litigations and development hold-ups. Incentives for Developers: To motivate the private developers,tax holidays, stamp duty waivers, and single-window clearances have been offered to speed up the construction. To motivate the private developers,tax holidays, stamp duty waivers, and single-window clearances have been offered to speed up the construction. Infrastructure Priority Tag: A special infrastructure status has been given to the Amaravati Capital Region to prioritize road networks, drainage systems, and utility grids. These policy revisions have not only reinstated the city's capital status but also signaled a pro-growth approach, attracting renewed confidence from the real estate sector. How Policy Revisions are Boosting Amaravati Real Estate Surging land inquiries, increasing demand for plotted developments, and rekindled interest from investors and NRIs are few effects of these policy changes: 1. Increased Buyer Confidence: Buyers feel more secure investing in Amravati due to legal and administrative clarity in place . A noticeable uptick can be seen in residential plot bookings, especially in the core capital areas like Thullur, Mangalagiri, and Tadepalli. 2. NRI Investments: NRI's are now returning to invest in gated communities and villas due to the city's strategic central location and its promise to develop a future administrative attracts the NRIs who were once skeptical. 3. Affordable Entry Points: The reforms in policies are offering buyers a rare chance to invest at ground-level rates before prices surge again. It is helping those temporary slump who remained subdued in previous years. 4. Institutional Funding Returns: Due to policy ambiguity, lots of real estate developers had distanced themselves and were unable to access funding from institutional lenders and banks. 5. Revival of Stalled Projects: Many previously halted projects are being restarted, providing momentum to the construction sector and employment opportunities in the region. Amaravati Land Development Updates When discussing Amaravati's transformation story, land development cannot be overlooked. It lies at the heart of the city's revival. Here's what's happening on the ground: Infrastructure Fast-Tracking: Roadworks, drainage, and power connectivity are being streamlined in key sectors such as the Secretariat Zone, Administrative City Core, and the Knowledge Hub. Roadworks, drainage, and power connectivity are being streamlined in key sectors such as the Secretariat Zone, Administrative City Core, and the Knowledge Hub. Smart City Features Back on Track: Re-integration of wi-fi zones, cycle tracks, LED-lit streets, and solar-powered public facilities into the planning blueprint. Re-integration of wi-fi zones, cycle tracks, LED-lit streets, and solar-powered public facilities into the planning blueprint. Vertical Expansion: Developers are now shifting focus to high-rise constructions with limited availability of pre-pooled land,especially near Velagapudi and Mangalagiri. Developers are now shifting focus to high-rise constructions with limited availability of pre-pooled land,especially near Velagapudi and Mangalagiri. Green Zones and Parks: Developers are promising quality urban life to the investors and NRIs by reactivating the plans for green spaces, botanical gardens, and waterfront development along the Krishna River. Developers are promising quality urban life to the investors and NRIs by reactivating the plans for green spaces, botanical gardens, and waterfront development along the Krishna River. Connectivity Push: Renewed talks around a metro-lite service and high-speed rail links as well as the expansion of Vijayawada-Amaravati highway,are further boosting development. Key Infrastructure Developers in Amaravati Real Estate Comeback In this section, we will touch some prominent real estate firms who are leading the charge in Amaravati's comeback: 1. Sree City Infra Projects: This project is focused on delivering integrated townships and plotted development in the Amaravati Core Capital Area. 2. Ramky Group: The goal of Ramky Group is to reinitiate the construction of residential apartments and mixed-use projects which were halted from 2020. 3. Jayabheri Properties: Launch of luxury villas and high-rise apartments near the Secretariat zone are some of the projects which Jayabheri Properties are planning to start soon. 4. My Home Group: My Home Group is another key developer who is entering the Amaravati market with a high-value gated villa community aimed for NRIs and HNIs. 5. Aparna Constructions: They are exploring opportunities to expand its footprint in the region by developing high-density vertical housing. These developers are not only reigniting construction but are also contributing to job creation and ecosystem building within Amaravati. Next Steps for Amaravati's Real Estate Boom Amravati's future looks very bright and prominent but its progress will depend on consistent policies and a supportive investment climate. Few key trends and developments to watch include: Growth in Commercial Real Estate: As people have started coming to the office after Covid, government offices, tech parks, institutions and other commercial properties have started seeing a boom. As people have started coming to the office after Covid, government offices, tech parks, institutions and other commercial properties have started seeing a boom. Education and Healthcare Investment: Amravati is now turning into a service-sector magnet due to leading schools, colleges, and hospitals. Amravati is now turning into a service-sector magnet due to leading schools, colleges, and hospitals. Rental Housing Growth : Rental demand is rising sharply as construction workers and administrative staff return. : Rental demand is rising sharply as construction workers and administrative staff return. Real Estate Indexation: Analysts are predicting that Amaravati will soon feature in major property indices, which will further boost the credibility and FDI. Conclusion Amaravati's rejuvenation is not just about policy correction but it is also about restoring confidence and delivering on a bold urban vision. We hope that if the momentum continues, Amaravati could well become one of India's most sought-after urban centers by the end of the decade.
Irish Examiner
08-05-2025
- Business
- Irish Examiner
Cork Airport numbers up 27% on April 2024
Passenger numbers at Cork Airport last month jumped 27% compared to 2024 as the busy Easter period ensured bumper passenger numbers. Easter falling in April - as opposed to in March last year - helped push passenger numbers through Cork Airport to 309,000. At Dublin Airport, with the winter stay on flight slots having not been extended into the summer period, passenger numbers grew materially for the first time since last autumn, increasing by 7.5% to 2.9m following three consecutive months of no growth in the first three months of 2025. The High Court has suspended any enforcement of the slots limit pending the outcome of a legal case that has been referred to Europe after a legal challenge by airlines, effectively preventing the cap from being considered by the regulator when assigning slots to airlines. As well as Easter, numbers at both airports were buoyed in April by the addition of new routes, tourists coming to Ireland during the school holidays and strong business travel levels. "April was a strong month at Cork and Dublin airports both in terms of passenger numbers and also operational performance. When it comes to growth, Cork Airport is a star performer amongst Irish regional airports and Dublin Airport would be too amongst its peer European airports if it wasn't for the uncertainty of the passenger cap," said DAA chief executive Kenny Jacobs. "The positive passenger increases at both airports in April was due to strong numbers travelling over the Easter break, which fell much later this year versus 2024, and the addition of great new routes - including Cork-Bilbao and Dublin-Nashville. I want to thank the brilliant teams operating both airports who made April such a smooth month for our passengers.' New routes taking off at Cork this month include TUI's new flight to Corfu, Aer Lingus' new flight to Bordeaux, and SunExpress' new flight to Izmir. "More and more passengers from across the south of Ireland are choosing to fly from Cork, attracted by its growing route choice, friendly service and fast-moving security queues. The team at Cork is playing a blinder and we're excited about increasing passenger numbers even further over the rest of this year and beyond. We're planning for this growth with the announcement last week of a €200 million investment by daa Group in Cork Airport's Capital Development Plan - a blueprint for large infrastructure projects which will grow Cork's passenger traffic even more over the coming decade." Commentary on Dublin Airport: Kenny Jacobs said: "April was the first month of 2025 in which passenger numbers at Dublin Airport were not artificially constrained given there was a limit on the number of slots that airlines could access over the winter period due to the passenger cap. The 7.8% growth in April shows the high level of pent-up demand that's out there - both from passengers and airlines - to fly in and out of Dublin Airport. 'The passenger cap is holding Ireland back and making it an outlier amongst other European countries, with figures released this week by Airports Council International showing that passenger traffic in Ireland declined by -0.5% in Q1 2025, while airports in Europe combined saw passenger traffic increase by an average of 4%. This makes no sense when you consider that Ireland is an island nation with a fast-growing population which does - and always will - require good air connectivity. Add in the fact that we're speaking to airlines every week that want to bring new routes and additional frequencies to Dublin Airport and Ireland finds itself in a farcical situation that is leaving the rest of the world scratching its head. "With the cap at Dublin Airport having been referred to Europe, and with airlines consequently being able to keep filing for slots, the passenger cap is effectively now a zombie cap and the bigger issue for Ireland is that conversations need to switch to how planning in Ireland can go faster. While some stakeholders insist on putting up barriers as opposed to solutions and hiding behind no-longer-fit-for-purpose processes, all minds now need to focus on identifying answers that will eradicate the zombie passenger cap once and for all and most importantly speed up planning. Dublin Airport is on track to handle more than 36 million passengers in 2025 and it has the capacity to comfortably do so. But the clock is ticking on how long Dublin Airport will be able to accommodate the growth opportunities that are coming Ireland's way without the addition of the new departure gates, aircraft stands and passenger infrastructure it will need in the near future."
RTÉ News
07-05-2025
- Business
- RTÉ News
Easter boosts passenger numbers at Dublin and Cork airports
Both Dublin and Cork airports saw an increase in passenger numbers in April, according to airport operator daa, on the back of a busy Easter period. Passenger numbers at Dublin Airport grew for the first time in April since last Autumn as it marked the first month of 2025 in which passenger numbers at the airport were not artificially constrained due to a limit on the number of slots that airlines could access over the winter period due to the airport's passenger cap. Dublin Airport passenger numbers rose by 7.5% to 2.9 million last month. Daa said the High Court has suspended any enforcement of the slots limit pending the outcome of a legal case that has been referred to Europe after a legal challenge by airlines, effectively preventing the cap from being considered by the regulator when assigning slots to airlines. Meanwhile, passenger numbers at Cork Airport jumped by 27% to 309,000. Last week daa announced a €200 investment in Cork Airport's Capital Development Plan, a blueprint for large infrastructure projects which will grow the airport's passenger traffic even more over the coming decade. As well as Easter, daa said that passenger numbers at both airports were boasted by the addition of new routes, tourists coming to Ireland during the school holidays and strong business travel levels. Dublin Airport operated a total of 21,918 flights in April, while Cork Airport operated 2,141. The busiest day of April for Dublin Airport was Friday April 18, when a total of 116,313 passengers passed through the airport. For Cork Airport it was Sunday April 27 when 12,485 passengers used the airport. The five most popular routes from Dublin during April were London Heathrow, Amsterdam, Manchester, London Stansted and Malaga. The five most popular routes from Shannon were London Heathrow, London Stansted, Manchester, Faro and Malaga. Kenny Jacobs, CEO of daa, said that April was a strong month at Cork and Dublin airports both in terms of passenger numbers and also operational performance. "When it comes to growth, Cork Airport is a star performer amongst Irish regional airports and Dublin Airport would be too amongst its peer European airports if it wasn't for the uncertainty of the passenger cap," he said. "The positive passenger increases at both airports in April was due to strong numbers travelling over the Easter break, which fell much later this year versus 2024, and the addition of great new routes - including Cork-Bilbao and Dublin-Nashville," he added. Kenny Jacobs said the 7.8% growth at Dublin Airport in April shows the high level of pent-up demand that is out there - both from passengers and airlines - to fly in and out of Dublin. "The passenger cap is holding Ireland back and making it an outlier amongst other European countries, with figures released this week by Airports Council International showing that passenger traffic in Ireland declined by 0.5% in Q1 2025, while airports in Europe combined saw passenger traffic increase by an average of 4%, " he said. "This makes no sense when you consider that Ireland is an island nation with a fast-growing population which does - and always will - require good air connectivity," he stated. "Add in the fact that we're speaking to airlines every week that want to bring new routes and additional frequencies to Dublin Airport and Ireland finds itself in a farcical situation that is leaving the rest of the world scratching its head," he added.
Irish Independent
02-05-2025
- Business
- Irish Independent
Taoiseach hails ambitious new €200 million project to redevelop Cork Airport as he launches plans
€200 million will be invested by the DAA in the airport as part of a new development plan, as it aims to surpass five million passengers using the facility every year in the near future. Cork Airport contributes over €1 billion to the Irish economy, directly and indirectly, and employs over 12,000 people. However, for some the new plans will signal the end of an era, as the airport's much-loved old terminal, with its fountain and glass elevator, is set for demolition, to make way for a brand-new pier, further increasing the airport's handling capacity, set to be built by 2032. The brand-new plans show a confidence that the airport will continue its unheralded growth, with passenger numbers up 50% in the last decade, and which Minister for Transport Darragh O'Brien says plays 'a crucial role…for our connectivity and economic prosperity.' The first major change will be the construction of a new mezzanine floor, in which a brand-new security system will be rolled out, bringing a much-requested change for passengers departing from the country's fastest growing airport. The new system, estimated to be in place by December of next year, will now eliminate the need to remove liquids, gels, pastes and large electronic items from passengers' cabin baggage. The new security area will also incorporate a new fast-track lane, while a new executive lounge is set to be built, with a larger capacity than the current facility. 'Today is a momentous day for Cork Airport with the launch of an ambitious Capital Development Plan which emphasises the importance of the airport to both the regional and national economy,' said Taoiseach Micheál Martin, who was on-hand to launch the plans. 'Cork Airport has become a critical component of our national transport infrastructure and as Ireland's fastest growing airport, its continued development is paramount. I have no doubt that the benefits of this plan will only bring further growth to what is already a thriving airport.' An additional 630 parking spaces in the Holiday Blue car park are expected to be in place by July 2026, while plans are also in place for the future expansion of the Express Red car park also. By the third quarter of next year, the Dublin Airport Authority plans to refurbish a current cargo building into another passenger area, enabling two more passenger gates to be opened. "With Project Ireland 2040, we're expecting a big population boost in the southern region. Cork's ambition of becoming a major European city of size and scale is a key part of this plan,' said DAA CEO, Kenny Jacobs. 'DAA's €200m Capital Development Plan is set to keep Cork Airport serving the south of Ireland, both economically and socially, making it a crucial part of the region's infrastructure. We're super proud of Cork Airport at DAA and we're all in on this exciting journey to help the airport and the region grow and develop into the future." ADVERTISEMENT A new solar farm on the site of the existing Holiday Blue car park is due to be in place by August of next year, while the major change is set to come in 2032, when the old terminal and old control tower will be demolished, allowing for the construction of a new pier, bringing even more boarding gates and more capacity, as the airport broke the 4 million passenger mark for the first time in its history last year. The plan kicks into action as early as this summer, as passengers will be able to see the first 'shovel-ready' elements of the plan commencing, with work starting on the construction of the new mezzanine floor, to extend over the existing arrivals area, and the delivery of a new oversized baggage security facility.
Irish Examiner
29-04-2025
- Business
- Irish Examiner
Cork Airport to welcome 62,500 passengers this May bank holiday weekend
Cork Airport is set to welcome 62,500 passengers this May bank holiday weekend, with Sunday expected to be the busiest day. The airport confirmed that passenger traffic this bank holiday is expected to be up by 20% compared to the same weekend last year. With the bank holiday expected to be very busy, airport management is advising all passengers "arrive at the airport at least 90 minutes before their flight and most importantly, to prebook their car parking online." May will also see Cork Airport witness the reintroduction of a number of additional summer services. Aer Lingus will resume its twice-weekly service to Dubrovnik, while Ryanair will resume its twice-weekly service to Alghero (Sardinia). TUI will also restart its weekly services to Reus, Lanzarote, and Palma de Mallorca. Three new summer routes will also start in May, with TUI's new service to Corfu starting on May 9. Aer Lingus' new service to Bordeaux will start on May 15, and SunExpress' new service to Izmir will commence on May 31. Niall MacCarthy, managing director at Cork Airport said: 'As the May bank holiday weekend approaches, summer is now in full swing at Cork Airport. It's great to see our airport growing strongly and passengers throughout the south of Ireland choosing to use Ireland's fastest-growing airport." Meanwhile, Taoiseach Micheál Martin will visit Cork Airport this Friday to launch the airport's €200m Capital Development Plan. The new plan, which will deal with the future growth and expansion of Cork Airport, will be the most significant investment by DAA in the airport in over 20 years. Read More Cork Airport link proposed for Luas during public consultation
