There is perceptible variation in the land prices at Amaravati, the capital city of Andhra Pradesh. The locals say that the prices of land in the city have been increasing over the past several days.
The change is attributed to the defeat of the BRS government in Telangana at the hands of Congress, which replaced the BRS as the ruling party.
Some of the realtors in Telangana were depressed over the defeat of the BRS. Some of them even developed apprehensions about whether the new regime would be able to give the same support as that of the BRS.
But Revanth Reddy, who hails from a real estate background, during his election campaign explained to people his vision for the development of Hyderabad.
Convinced about it, several realtors nursed no doubts about the development of real estate in Hyderabad.
At the same time, there are variations in real estate prices in the Amaravati region. More and more people have begun to inquire about the lands in the Amaravati region. The number of such persons is on the rise, according to realtors in the Amaravati region.
The real estate prices in the region have crashed following the declaration of the three-state capital policy of the YSRCP government. Many realtors who had invested their funds in the Amaravati region disposed of the lands and moved to Hyderabad, pushing up the real estate prices in Hyderabad. The land price in Amaravati remained static. But the prices of land are gradually increasing there. While some regions registered a minor increase, in areas where government offices are located in the Amaravati master plan, there was a 50 percent growth in prices.
Those who live in Hyderabad, Bengaluru, and the USA have been making inquiries about purchasing land in the Amaravati region.
The realtors of the region are in a jubilant mood as they feel that good days are ahead for Amaravati region real estate.
