Real estate sector abuzz as Amaravati development picks up pace
1 month ago

Real estate sector abuzz as Amaravati development picks up pace

Hindustan Times  

The real estate activity in the Vijayawada-Guntur region has gained momentum with the works on Andhra Pradesh capital city of Amaravati picking up pace after the Chandrababu Naidu government resumed the abandoned constructions and called for tenders for massive infrastructure projects, people familiar with the development said. The real estate developers, whose investments in various projects got locked up during the YSR Congress Party rule headed by YS Jagan Mohan Reddy when he abandoned the Amaravati capital city project and mooted the three-capitals plan, are now hoping that there is going to be a considerable appreciation in the land values and demand for real estate projects. Once the capital city works pick up and infrastructure activity like outer ring road, by-pass roads, underground drainage works etc gains momentum, the real estate activity will also witness a boom,” Sekhar Reddy said. He said the way the state government is speeding up the works in the capital city region by investing big money has given a lot of fillip to the real estate sector.

History of this topic

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