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.

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