Asia’s leading sustainable urban development providers, Ascendas-Singbridge and Sembcorp Development, a wholly owned subsidiary of Sembcorp Industries, have jointly received the letter of award for the master development rights to the Amaravati City Start-up Area in Andhra Pradesh, India. The Start-up Area lies within the 20-square kilometer Seed Development Area of Amaravati City, along the River Krishna waterfront. Spread over 684 hectares, the area is to be developed in phases over 15 to 20 years. It is expected to create the first centers of activity attracting settlers and investment into Amaravati City, comprising developments for business, commercial and residential uses.
A green-field development, the project includes infrastructure development to prepare the site for a mix of business, commercial and residential activities, as well as catalytic development in the Start-up Area. In addition, the Andhra Pradesh Government will work with the master developers on industry positioning and investment promotion to bring economic activity to the city.