|PVV Infra Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2017, inter alia, has duly considered and approved the following business;|
- With the permission of the Chair, detailed note has been tabled at the Board Meeting for the consideration of Members about the proposed venture for construction and developing affordable housing apartments on 26.32 acres of land at Kanchikacherla, Krishna District in the vicinity to the proposed new Capital City AMARAVATHI of Andhra Pradesh. The note elaborately explains, inter alia, about main features, parameters, type of apartments like EWS (Economically Weaker Section) Apartments, LIG (Lower Income Group) Apartments and number of apartments proposed are EWS 1400 apartments, LIG 2600 apartments, total apartments 4000, scope of economic development and employment generation potential of the project, utilities, subsidies availability from Central and State Governments, project costing and profitability projections alongwith detailed report and plans etc,. Board Members deliberated in detail about all matters and issues of the project / venture and finally accorded approval unanimously to the venture. Board advised Mr. PVV Satyanarayana, Director to take all necessary steps to execute the project.