Property transactions rise, land rates stabilise in Andhra Pradesh's Amaravati, say experts
1 month ago

Property transactions rise, land rates stabilise in Andhra Pradesh's Amaravati, say experts

Hindustan Times  

Land prices in Andhra Pradesh's greenfield capital city of Amaravati, which recorded a sharp surge when Chandrababu Naidu-led Telugu Desam Party returned to power with a thumping majority in the state assembly polls in June 2024, have now stabilised and transactions have increased in the region, according to experts who spoke to HT.com. Land prices in Andhra Pradesh's greenfield capital city of Amaravati, which recorded a sharp surge when Chandrababu Naidu-led Telugu Desam Party returned to power with a thumping majority in the state assembly polls in June 2024, have now stabilised and transactions have increased in the region. “Land prices doubled when the current government was formed, and they're likely to double or more than double further over the next 24 months,” said G Hari Babu, national president of NAREDCO. Land prices in Amaravati “At the boom time before 2019, the land values in Amaravati hovered anywhere between ₹20,000 – 55,000 per square yard but came down by at least 60-70% in the last five years.

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