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Vijayawada Real Estate News

 
Property prices in Vijayawada have spiked nearly 20 per cent in one month as realtors have shifted their focus to the coastal city, anticipating that it would become the capital of Andhra Pradesh if a separate Telangana is carved out of the state. Although both Telangana and Samaikyandhra agitators are still fighting over the status of Hyderabad, many builders are showing a keen interest on "construction activity" in Vijayawada, said Giridhara Prasad Gupta, a real estate businessman.And this has led the prices of apartments and plots zooming northward in Vijayawada. Ramavarapadu and Gannavaram in the city are now the most sought after areas as the L&T IT Park construction is going on there.C. Sekhar Reddy, president, Andhra Pradesh Builders Forum, said real estate transactions in Hyderabad have come down recently. However, he said, this could not be attributed totally to the Telangana issue.

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