Real Estate Sector Thrives Under NDA Rule: MP Kesineni Sivanath

VIJAYAWADA: Vijayawada MP Kesineni Sivanath (Chinni) stated that the real estate sector is experiencing a significant revival thanks to the construction-friendly measures implemented by the coalition government. He inaugurated the 11th CREDAI Vijayawada Property Show on Friday at A Convention Centre, Vijayawada, as the chief guest and addressed the gathering.

He announced special offers for visitors to the CREDAI Property Show, being held for three days on January 9, 10, and 11. Visitors will receive coupons, and a daily lucky draw will award an attractive prize worth Rs1 lakh to the winner.

Additionally, those who book a property at the expo will get free registration, which he described as a bumper bonanza ahead of the festive season.

He further said the coalition government is extending full cooperation and necessary incentives to restore the real estate sector to its former glory. He alleged that during the previous government, attempts to change Amaravati capital severely affected the real estate sector.

He criticised former Chief Minister YS Jagan Mohan Reddy, stating that people no longer believe his false statements. He clarified that Amaravati is already located close to Vijayawada and Guntur and advised people to understand the facts.

The MP said Chief Minister Nara Chandrababu Naidu is taking steps to develop a mega city by integrating Mangalagiri, Vijayawada, and Guntur, and recalled that the CM has a proven history of building three major cities.

He expressed confidence that the NDA government will remain in power for the next 25 years and will develop Amaravati, Visakhapatnam, and Rayalaseema, leading to growth in the construction sector across all regions. Vijayawada East MLA Gadde Ramamohan said that while the period from 2014 to 2019 was a golden era for real estate, the sector witnessed extreme distress between 2019 and 2024. He said the sector has started recovering from 2024 and is expected to grow rapidly in the coming years.

Penamaluru MLA Bode Prasad stated that when real estate performs well, all businesses including roadside vendors benefit.

CREDAI General Secretary Dasari Rambabu, Vijayawada Chairman Satish Babu, President GSR Mohan Rao, and other dignitaries were present.