December 1st, Author: Varma
Buying open plots in Capital Amaravati for investment is considered to be a major move financially & emotionally, in the new designated capital city of Andhra Pradesh. However, watch your step before you invest a huge chunk of your savings in a project which looks attractive to you. Do not go with a developer offering pre-launch schemes where land has still not been cleared as Non-Agricultural (NA) land. This will save you a lot of headache in the future. You must also understand your rights on the delay of delivery & development before you buy the chosen open plot.
Make Sure that the Project is not being built on Reserved Land
Don’t be under the impression that developers will not do this & don’t be surprised if the government comes knocking on your door. It would be sensible that you find out that the land is AP CRDA approved & the license number. Make sure that the proposed project land is clear of all reservations.
Check the Operating History of Project Developer
Don’t rush to buy land in a project just because the developer has thrown up some grand visuals of the area. Cross check the operating history of your chosen developer. Find out how many projects they have successfully completed in the past. Have they stuck to promises of providing facilities in their open plotting ventures? There are several documents developers need to ensure are cleared & being maintained in files. The list of documents is long so to make sure to take the correct legal advice on the entire gamut of approved documents that are required for the project. It is critical that you safeguard your interests with the kind of controversies the real estate sector has been plagued in the past. However, with the RERA Bill, many hurdles are now cleared & the future is safer.
Amaravati is the Capital City of the Sunrise State
Amaravati is fast developing as the new capital city of the ‘Sunrise State’ of Andhra Pradesh. Work has started & designs for Assembly, High Court & other important government buildings are in place. Capital Amaravati is spread across 1350 acres & construction of most major government complexes is expected to be completed this year. Ascendas Sembcorp Singbridge, a Singapore based consortium has been appointed as master developer. This is why timely completion is more or less assured.
Massive Network of Capital Amaravati
There is rapid progress in the development of a massive road network of Capital Amaravati. This includes BRTS, Metro Lines & others which span over 1692 km. The impressive seed access road is almost complete & quite a few major road network grids are now visible on Google Maps.
Moreover, Andhra Pradesh now is a zero power deficit state & so effectively maintains the 24X7 supply of power throughout. It is also one of the largest producers of solar energy in the country. By further expediting energy efficiency, Andhra Pradesh is determined to gain global recognition in near future.
Vertex Capital Vista West in Capital Amaravati
This is a premium plotting venture spread across 23 acres of land. Located in the center of all developments in the area, it is just 1 km from Capital Amaravati. Several infrastructural developments including industrial zones, commercial & residential projects, sports facilities & educational institutions are located in close vicinity of Capital Vista West.
With a rich legacy of Capital Vista that has successfully sold out 4 phases within a short span of 24 months, it still woos investors from all around the world. With premium features & facilities, Capital Vista West is situated in an unbeatable location which is bound to prove as the best investment option in Capital Amaravati.