The event saw the participation of Union Ministers M Venkaiah Naidu, Bandaru Dattatreya, Nirmala Sitharaman and Y S Chowdary, Telangana Chief Minister K Chandrasekhar Rao, Singapore minister Iswaran, Japan minister Yasuke Takagi, Supreme Court judge N V Ramana, Acting Chief Justice of Hyderabad High Court Dilip Bhosle.
Eminent personalities from diverse fields, like media baron Ramoji Rao, industrialists including GMR Group Head G M Rao, Apollo Group's Prathap C Reddy, GVK Group's GV Sanjay Reddy and badminton chief national coach Pullela Gopichand were also present on the occasion.
The state government has "pooled" about 33,000 acres of land from farmers and others for development of the capital.
Those attending the event were provided with traditional Andhra delicacies like 'pulihora' (yellow and lemon rice), 'chakra pongali', 'boorelu' (a sweet) and 'garelu' (vada) as the event coincided with the 'Vijaya Dasami' festival.
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Conch shells were blown on the occasion as a mark of good tidings for the capital city.
A 'Kuchipudi' show, the traditional dance form which originated in Kuchipudi village near Vijayawada, was performed on the occasion.
Several members of Chief Minister N Chandrababu Naidu's family and other relatives were in attendance. Naidu's brother-in-law and MLA Nandamuri Balakrishna, who is a leading hero in Telugu films, drew loud cheers as he made an appearance before the public.