Amaravati Revival: N Chandrababu Naidu's Return Brings New Hope to Andhra Pradesh's Capital

Read More on Amaravati, N Chandrababu Naidu, land parcels, real estate, TDP, Andhra Pradesh, investment

AmaravatiN Chandrababu NaiduReal EstateTdpAndhra PradeshInvestmentReal Estate NewsJun 15, 2024

Amaravati Revival: N Chandrababu Naidu's Return Brings New Hope to Andhra Pradesh's Capital
Real Estate News:The return of N Chandrababu Naidu as Chief Minister of Andhra Pradesh has brought new hope to the state's capital, Amaravati. The city, which was once a ghost town, is now witnessing a land-buying frenzy. Real estate agent Mehboob Khan has been receiving over 100 WhatsApp messages daily, with prices skyrocketing from Rs 10,000-12,000 to Rs 35,000-40,000 per square yard in just a week.

Reviving Amaravati is a top priority for the new TDP government. The city, which was envisioned as a wealth creator like Hyderabad, has been in shambles since 2019. Under-construction buildings stand like forgotten dreams, covered in dense thickets. However, with Naidu's return, bulldozers are already clearing bushes and people are crowding to buy land.

The Andhra Pradesh Capital Region Development Authority (APCRDA) has identified some unfinished projects for early completion. The secretariat and high courts are operational, but they are slated to be relocated to new buildings. The city, which was projected to cost Rs 51,000 crore, with some estimates soaring to over Rs 1 lakh crore, is set to receive a new lease of life.

Naidu's administration is poised for success this time, with the support of his 16 MPs crucial for the survival of Modi's third term. Experts believe that Naidu will receive substantial support for his dream capital project, making Amaravati the capital of Andhra Pradesh a reality.

Frequently Asked Questions

What is the current state of Amaravati?

Amaravati is currently in a state of revival, with bulldozers clearing bushes and people crowding to buy land.

Who is the chief minister of Andhra Pradesh?

N Chandrababu Naidu is the Chief Minister of Andhra Pradesh.

What was the original vision for Amaravati?

Amaravati was envisioned as a wealth creator like Hyderabad, with a projected cost of Rs 51,000 crore.

What is the current status of the Amaravati project?

The project is currently in a shambles, with under-construction buildings standing like forgotten dreams.

What is the expected outcome of Naidu's return to power?

Naidu's return to power is expected to bring new hope to Amaravati, with the city set to receive a new lease of life.

Related News Articles

Cricketer Yuvraj Singh's Battle with Delhi-based Real Estate Firm: A Tale of Delay and Deception
real estate news

Cricketer Yuvraj Singh's Battle with Delhi-based Real Estate Firm: A Tale of Delay and Deception

Yuvraj Singh moves Delhi High Court against real estate firm, alleges delay and poor quality materials

July 9, 2024
Read Article
5 Essential Checks to Ensure You Choose the Right Real Estate Agent in Maharashtra
Real Estate Maharashtra

5 Essential Checks to Ensure You Choose the Right Real Estate Agent in Maharashtra

From verifying MahaRERA registration to checking online reviews, here are the crucial checks to make before selecting a real estate agent in Maharashtra.

August 17, 2024
Read Article
Small Cities, Big Opportunities: How Tier-2 and Tier-3 Cities are Revolutionizing the Real Estate Market
real estate news

Small Cities, Big Opportunities: How Tier-2 and Tier-3 Cities are Revolutionizing the Real Estate Market

Mid-tier cities like Faridabad, Lucknow, Vrindavan, Ludhiana, Chandigarh, Indore, Dehradun, and Jaipur are becoming hotspots in the real estate market, offering a low-cost, peaceful life and high returns on investment.

September 21, 2024
Read Article
RBI Cuts Repo Rate to 6.25%, Boosting Real Estate and Homebuyer Sentiment
real estate news

RBI Cuts Repo Rate to 6.25%, Boosting Real Estate and Homebuyer Sentiment

The real estate sector has welcomed the Reserve Bank of India's (RBI) decision to cut the repo rate by 25 basis points to 6.25%. This move is expected to enhance homebuyer sentiment and make housing more affordable.

February 7, 2025
Read Article
Blackstone to Expand Credit and Infrastructure Businesses in India
Real Estate

Blackstone to Expand Credit and Infrastructure Businesses in India

Blackstone Group Inc, the US-based investment firm, is set to expand its credit and infrastructure verticals in India, complementing its existing private equity and real estate businesses.

March 13, 2025
Read Article
Pune: PMC's Merged Areas Pay Rs 449 Crore in Taxes Despite State Stay Order
Real Estate Pune

Pune: PMC's Merged Areas Pay Rs 449 Crore in Taxes Despite State Stay Order

Despite a state stay order, property owners in 34 recently merged areas of Pune have paid Rs 449 crore in property taxes to the Pune Municipal Corporation (PMC). This article explores the implications and challenges faced by these areas.

March 27, 2025
Read Article