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Apartments For Sale in Vijayawada

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  • Published date: May 30, 2019
    • Amaravathi, Vijayawada, Andhra Pradesh, India [ Ads Views - 4 ]

Since the establishment of the new Telangana, the fate of Vijayawada has changed. Andhra Pradesh government announced that the new capital Hyderabad will be located near Vijayawada; this has led to a sharp increase in investment and a sharp rise in urban real estate prices.

An important reason for the price increase is the participation of non-resident Indians (NRIs), And a large investment from the rich local financiers and transport company owners, And some illegal activities of real estate companies operating under the jurisdiction of the Guntur-Vijayawada-Tenali-Mangalagiri Urban Development Authority. Due to the recent economic slowdown and high inflation, many real estate markets have become boring and investment has decreased. However, NRI investment in Apartments in Vijayawada real estate is on the rise, reaching Rs 125 crore per month. Although the investment in NRIs is gradually decreasing, it is still about 4 billion rupees per month. NRI is buying farmland and NRI has purchased nearly 600 acres of land near Vijayawada.

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