HYDERABAD: Andhra Pradesh chief minister N Chandrababu Naidu said on Monday that the land for the new capital in the Vijayawada-Guntur area would be acquired from private parties in the ratio of compensation for 60 per cent of the land and suitable land at an alternative place in lieu of the remaining 40 per cent.
Speaking to the media for the first time after he was sworn in as chief minister, Naidu said such an arrangement would be a win-win situation for both the government and the land owners as the latter can get a high price for the land given to them in view of the increase in prices near the emerging capital.