Ever since the formation of the YCP government in AP, the capital of the state, Amaravati has been in shatters. But things are starting to change with the coming AP polls virtually months from now.
In this context, there is already some positive movement in the Amaravati real estate market as there is an increased demand for commercial and residential plots here.
There is an emerging trend that it is for certain that TDP-JSP will form the government in AP next. Once TDP is back in power, Amaravati will regain lost glory and naturally, the real estate will boom again. In anticipation of this, realtors are said to be busily acquiring real estate in the capital region, according to reports.
Residential plot prices have increased by Rs 5000 per Gajam while commercial plots have hiked by nearly 10,000 per Gajam to reach Rs 35,000 – 40,000 in value.
There is an increased anticipation that TDP will regain power and that is said to be the reason behind Amaravati real estate picking up again.
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