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Land prices soar after Naidu launches work in Amaravati
The Morning Standard
|October 26, 2024
A WEEK after Chief Minister N Chandrababu Naidu relaunched works in Amaravati, prices of land have shot up to record highs.
As per local realtors, land prices in the region have surged by 60-100% to ₹50,000-₹60,000 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.
Bu hikaye The Morning Standard dergisinin October 26, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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