- nripage
- 10 Jul 2024 08:14 AM
- Andhra Pradesh sand policy, real estate boost, economic impact
Andhra Pradesh's recent shift in sand policy marks a pivotal moment for the state's construction sector and economy. Following exorbitant sand prices that marred the YSR Congress party's performance in the 2024 assembly elections, the new government under Chandra Babu Naidu swiftly addressed the issue with a revamped policy.
Initially, the YS Jagan Mohan Reddy-led government had accused the previous administration of illegal sand mining and scrapped existing policies, leading to skyrocketing sand prices and stalled construction activities. This move was heavily criticized as one of the biggest blunders by political analysts, affecting daily laborers and causing economic turmoil.
In response, the new policy introduced under Chandra Babu Naidu's leadership reinstates free access to sand, with buyers only bearing transportation and seigniorage charges. This initiative is poised to rejuvenate the construction sector, accelerate real estate projects, and provide consistent employment opportunities for laborers across all districts.
While concerns persist over potential financial losses projected by the YSRCP, the reduction in sand prices is anticipated to inject a significant economic stimulus. The renewed momentum in construction and real estate sectors is expected to foster substantial economic growth and bolster the flow of capital within the state.