Chandrababu Naidu returns: Here are 5 things investors should know about Amaravati's real estate market
Hindustan TimesReal estate prices in Andhra Pradesh’s Amaravati surged by as much as 100% in the days following June 4, when Chandrababu Naidu-led Telugu Desam Party returned to power with a thumping majority in the state assembly polls. Real estate prices in Amaravati in Andhra Pradesh surged by as much as 100% in the days following June 4, when Chandrababu Naidu-led Telugu Desam Party returned to power “The prices of real estate in Amaravati have recorded a V-Shaped recovery since the declaration of the election results with the mandate of a stable government,” said Anarock’s Prashant Thakur, adding that land rates have increased by almost 60% to 100% in the past few days with the number of sellers reducing sharply. Housing launches may pick up after a quarter Real estate experts foresee greater stability in Amaravati’s real estate market within 3-6 months as the new government’s policy agenda unfolds. In the next few quarters, capital appreciation and rental yields in Amaravati will remain key monitorables for prospective investors, said real estate experts.