In Andhra Pradesh, with the TDP coming into power, there is a significant rise in real estate prices in the capital Amaravati. In Amaravati, whose prices were stagnant until now, has suddenly surged. At the same time, there is an opportunity for rapid growth in southern cities like Visakhapatnam and Tirupati, as mentioned in the latest report by Real Estate Consultants India.
Cities known for spiritual tourism growth include Tirupati, Varanasi, Shirdi, Puri, Ayodhya, Amritsar, and Dwarka. It has been reported that there are opportunities for rapid growth in 30 cities shortly with major real estate developments, with 17 cities showing significant potential. The report indicates that cities like Visakhapatnam and Tirupati, along with Kochi, Coimbatore, Amritsar, Ayodhya, Jaipur, Kanpur, Lucknow, Varanasi, Patna, Puri, Dwarka, Nagpur, Shirdi, Surat, and Indore, will see real estate booms soon.
Small cities are also playing a crucial role in enhancing the GDP of the country by developing basic infrastructure and spiritual tourism with government support. Colliers India CEO Badal Yagnik has announced that real estate prices in India will grow to $100 trillion by 2030 and $500 trillion by 2050.
No looking back for Vizag…
When YSRCP was in power in AP, it announced that Visakhapatnam would be made the executive capital. It said that after coming to power for the second time, the ruling will continue from there. As a result, the real boom has decreased in Amaravati and increased in Visakhapatnam. However, some people were worried about the situation of Visakhapatnam real estate as the Telugu Desam alliance came to power after YSRCP’s defeat in the recent elections. However, undermining all that, even though the capital of AP is Amaravati, the realty circles breathed a sigh of relief when CM Chandrababu announced that Visakhapatnam will be developed as the financial capital of the state. Credai Visakhapatnam Chapter Chairman KSRK Raju (Sai) stated that there is no danger to Visakhapatnam real estate. CM Chandrababu has assured the development of this city.
