Amravati Real Estate: Real bounce in Amravati, fast rising land prices

Amravati Real Estate: The coalition government is making all efforts to bring AP Capital to Amravati. Amravati is working to get funds from the center and get new projects. Real estate activities in Vijayawada-Guntur region have gained momentum as the capital Amravati has gained momentum.

Amravati did not proceed with the plan of three capitals during YCP. Real estate developers have supported the investment in Amravati projects. However, the formation of the NDA government in AP and CM Chandrababu became an important person at the center and again in Amravati. Developers hope that the demand for land value and real estate projects will increase.

“Between 2014 and 2019, under the rule of CM Chandrababu, in the capital of Amravati, many realteers and builders have invested large amounts of large amounts of real estate undertakings and structures in Vijayawada and Guntur, expecting that there will be a major economic activity of developers of India’s developers (credai).

Real bounce in Amravati

In the last five years, many AP investors have converted their investment to Telangana Capital Hyderabad real estate projects. Real estate boom has become heavy in areas such as Narsingi, Kokpeta and Gandipaa. Some were interested in Visakhapatnam. Now, with the rise of the construction of Amravati’s capital, the hopes of real estate developers have again raised expectations. However, the speed of the past … a little careful investment.

Realtors are hoping that real estate activities will gain momentum after infrastructure activities like Amirwati Capital Works, Outer Ring Road, By-Pas and Underground Drainage Works. In Vijayawada-Guntur region, the value of land is already increasing. People are interested in buying land in this area. Prior to the formation of a new government in Amravati’s capital, there were less than Rs 20,000 per square yard.

Realtors say that after the formation of Chandrababu, the value of land is continuously increasing. The registration fee has been extended from April 1. However, the Amravati region was excluded from this growth. The state government has promoted the real estate sector by investing in large quantities of capital and accelerating the construction work. The government is finalizing tenders for Rs 20,000 crore and the real estate sector is planning to reopen Prime Minister Modi’s hands on the work of Amravati Rs 65,000 crore this month.

Acquisition of another 44 thousand acres of land

There is an increase in land value in Tadapalli, Vidavalli and Mangalgiri areas. A rialtar said that prices ranges from Rs 40,000 to Rs 60,000 per square yard. It is believed that the value of the square yard will reach Rs 1 lakh in the coming year.

The state government plans to develop Amravati as a metropolis. The government already has more than 53,000 acres of land, while other 44 thousand acres are expected to be acquired. If this land acquisition is completed, the government is likely to start and start more infrastructure projects. The real estate area around Amravati is expected to move forward.

Invitation for top real estate companies

CRDA officials recently met Silicon City Bangalore’s top -5 real estate companies. Municipal Minister Narayan and CRDA Commissioner Kannababu met in Bangalore with those companies and asked them to invest in Amravati. He promised to develop Amravati in a world -class city and give necessary land. CM Chandrababu is likely to get the top -10 real estate companies in the country in a few days.