Andhra Pradesh Real Estate Market Prepares for Land Value Revision
Andhra Pradesh is gearing up for a significant change in its real estate landscape as the state government prepares to revise land market values. This announcement has already started influencing buying and selling decisions, creating a unique dynamic in the market.
Landowners who were planning to sell their properties are now waiting, hoping for better returns once the new rates come into effect. Conversely, buyers are moving quickly to register their properties before the official price hike. This contrasting behavior has put the real estate market in a brief pause-and-rush mode.
The state government has made it clear that land values will be revised from February 1, following a memo issued by the Revenue Department. This will be the second such revision since the coalition government took office. Officials suggest that the increase may range from seven to eight percent, with the exact impact varying based on the location. With the announcement now official, uncertainty in the market has given way to calculated anticipation.
Comparisons are often drawn with high-value zones in neighboring Telangana, where land prices have reached record levels. There is a growing belief that Andhra Pradesh, with its development push and investment-friendly policies, should also see stronger land valuations. The government appears to agree, as it continues to promote investments while also focusing on welfare housing to avoid burdening low-income families. Plans are in place to launch large-scale housing construction around Ugadi, the Telugu New Year.
Questions are also being raised about the frequency of land value revisions. Officials explain that these updates are meant to correct long-standing imbalances by increasing undervalued land prices and rationalizing inflated ones. Last year’s revision led to higher stamp duty collections, boosting state revenue without dampening market sentiment.
Once February 1 arrives, land registrations are expected to pick up sharply, setting the stage for renewed momentum in Andhra Pradesh’s real estate sector. This move is seen as a positive step towards ensuring a more balanced and sustainable real estate market.
