New Capital Buzzmakes Mangalagiri Hotspot
Friday 22 April 2016
Amaravathi Capital buzz makes Mangalagiri hot spot
Even as look for a brand new capital for the residuary State of Andhra Pradesh has not nonetheless begun, Mangalagiri in Guntur district has currently become a hub for many real-estate businessmen across the State.
As speculation is rife over creating Mangalagiri capital for
the residuary State, businessmen and industrialists, particularly from
Hyderabad, area unit thronging the realm to enquire regarding availableness of
land beside its price. several businessmen from Hyderabad area unit driving all
the way down to this space on Sundays to check out business prospects.
On a median, near fifty individuals from Hyderabad,
Vijayawada, Visakhapatnam, Guntur, and Warangal, among others areas, area unit
visiting Mangalagiri to measure the heart beat. Some area unit inquiring for
the land conterminous the National road (NH)-5 connecting Vijayawada and
metropolis et al. area unit evincing interest to shop for agricultural land
many kilometers far from the NH-5.
“At gift, major land transactions aren't happening here.
individuals area unit solely coming back to check the land and verify the
value,” says a real-estate agent Mr. Srinivas Rao from Prime Galaxy Mangalagiri.
He explains that the value of associate degree acre is
currently starting from Rs.1.3 large integer to Rs.3 large integer on the
margin as against Rs.60 large integer to Rs.1 large integer 3 months agone. the
value of a area unit is currently Rs.12,000 as against Rs.8,000 in Gregorian
calendar month 2013, he says.
Another reason for increasing land value is that Mangalagiri is a component of Vijayawada urban agglomeration and s situated between
Vijayawada and Guntur on NH-5 going towards metropolis, says Mr. Srinivas Rao. It’s
hardly 20 kilometer drive from Vijayawada.
When contacted, Confederation of assets Developers’
Association of Asian country (CREDAI) president says, “It’s
too early to take a position once the govt has not set regarding the new
capital for Seemandhra. individuals ought to use caution whereas investment.”
Sources say names of Mangalagiri, Ongole, Vijayawada,
Visakhapatnam, and Tirupati areas do the rounds to develop them as capital.
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