real estate news

Amaravati's Revival: N Chandrababu Naidu's Return Sparks New Hope for Andhra Pradesh's Capital

By GeoSquare News Desk · Published 2024-06-15

Since the return of N Chandrababu Naidu as the Chief Minister of Andhra Pradesh, Amaravati, the proposed capital city, is witnessing a surge in land prices and renewed interest from investors. Real estate agent Mehboob Khan has been inundated with over hundred 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. The revival of Amaravati is a top priority for the new TDP government, which has identified unfinished projects for early completion. The city, which was abandoned after the previous government halted the project, is now seeing bulldozers clearing bushes and people crowding to buy land. Experts suggest that Naidu is poised for success this time, with his party's victory ensuring stability for the state government and the support of his 16 MPs crucial for the survival of Modi's third term.