APBDC to be Protecting R&B Department Properties

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The government has proposed to constitute the AP Building Development Corporation (APBDC) for protecting the properties of road and buildings department from encroachment. The corporation is intended to find the encroached lands and maintain an inventory of the properties owned by the department. Lands and even guest houses located on the national highways which were meant to be encroached are being protected. The revenue generated from such abandoned properties can be used for road development works.

In addition, certain multiplexes and other commercial properties are to be constructed by the corporation through public-private participation. The maintenance of these buildings will be taken care by the builders sharing the revenue generated from it till the completion of the lease period. The properties will then be handed over to the department after completion of the period.

Source: Times of India

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