As per local realtors, land prices in the region have surged by 60-100% to â¹50,000-â¹60,000 per sq. yard. The boom in land prices has triggered a debate on whether it is artificial or if it will sustain in the long run.
Over the past 10 years, Amaravati has seen a V-shaped recovery in the real estate segment. Following the bifurcation of Andhra Pradesh in 2014, Naidu, the then Chief Minister, had announced Amaravati as the capital of the state, triggering a surge in land prices. As a result, real estate in the city, spanning 217 square km, became a subject of debate and speculation.
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WHY FOREIGN INVESTORS ARE EXITING INDIA
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Judicial sparring oven a missing phrase in final judgment
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NorthEast edge Punjab FC in ISL
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High-flying Chelsea see off Leicester
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China Masters: Sat-Chi go down fighting in semis
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Netherlands reach first Davis Cup final
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Challenger & king set for game of thrones
The beginning of the city-state's wet season couldn't have been more pronounced.
Gajewski the 2nd with multiple roles
Challenger & king set for game of thrones
Perth-certificate: India make opening statement
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Never signed pact to operate airport in Kenya: Adani
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