The other day we have let out a news that three companies Singapore consortium had submitted a proposal to be the Master developer of Amaravati. It is now emerging that they have come forward to develop 3000 acres in Amaravati.
The companies will be developing all the infrastructure needed in this area. They will be building commercial complexes, Malls, Residential sky scrappers, Entertainment options etc. The state government is likely to disclose their bid in a week.
Once the bid is open, the other companies will be allowed to challenge the proposal at a more competitive price. Finally Singapore consortium will be give once chance to submit an even better bit. This is called the Swiss Challenge Method.