It's proposed that the statue would be made of copper, as per an official meeting of the CRDA (Capital Region Development Authority). According to official estimations, the construction of the statue would cost Rs 155 crores, while another Rs 122.5 crores would go towards the the premises where it will be constructed.
An internal lift system is also being planned for the statue, so visitors will be have a panoramic view of the city from it. The project also includes a waterfront attached to a special reservoir, an auditorium, a ferry and a selfie point along with a theatre, hotels, shopping malls, restaurants and resorts.
The statue will require 14 acres of land, while another 70 to 80 acres would be needed for the reservoir. The company has agreed to finish the project in 48 months, it will begin on 19th of this month, along with five other towers of Secretariat building.
The meeting, which held earlier this week, was also attended by Municipal Administration Minister P Narayana and CRDA Chief Secretary Ajay Jain. It is however to be noted that the Andhra Pradesh Chief Minister has made this announcement multiple times from 2016 and no one in the government is sure if this project would materialise and what is the necessity for it.