December 1st, Author: Varma
Real estate in the new capital Amaravati of Andhra Pradesh is doing extremely well & is on the right track. There has been a very positive response to open plotting ventures in Amaravati. APCRDA project taken up by Andhra Pradesh Capital Region Development Authority is an eye opener generating an overwhelming response. Open plotting projects here are selling like hotcakes. Nevertheless, real estate developers should opt for the right configuration & pricing which will suit investors of their target audience.
Size of Real Estate Market in Capital Amaravati
Migration to Capital Amaravati has just begun. The Andhra Pradesh High Court has recently moved in here & it is not easy at this point of time to assess the exact market size. It may actually take a couple of years for a more realistic assessment. More and more people have started settling in Amaravati as the city is growing at a very fast pace, resulting in the expansion of its real estate market.
Amaravati Attracting Countrywide Investors
Yes, you got it right! Real estate in Amaravati is an alluring market for investors from all over India, especially Mumbai & New Delhi. People from Hyderabad are also investing in Amaravati & which is leading to a rise in land prices. This is one of the primary reasons as to why Amaravati is the perfect place to invest! It is quite sensible to invest in property for long-term benefits. People who are investing in the land(s) in Amaravati are getting ready for a huge return on investment in the near future.
Real Estate Markets Maturing in Amaravati
This is an ongoing process & such progress does not happen overnight. But Capital Amaravati is soon going to be the next metropolis. Investing in premium open plots in Amaravati will be a smart option as of now.
A major differentiating factor affecting growth is that the people in Amaravati do not have the habit of purchasing under-construction projects. Unlike Hyderabad, people here prefer to buy a property after completion of the project. But then things change fast. With RERA in place promising timely completion & delivery, it will not take long for real estate markets to mature in Amaravati.
For property developing enterprise, Amaravati is one giant of an opportunity.
Vertex Capital Vista West in Amaravati
Become a part of the growth story of Capital Amaravati, the centre of all development in the newly formed state of Andhra Pradesh. Vertex Capital Vista West is a premium plotting venture spread across 23 acres of land. Located in the centre of all development taking place in the region, Capital Vista West is just 1 km from Capital Amaravati. It is in close proximity to numerous infrastructural developments. Commercial & residential developments, industrial zones, sports facilities & educational institutions to name a few. Capital Vista West carries forward an affluent legacy of Capital Vista which successfully sold out 4 phases of plotting venture projects within a short period of 24 months & still continues to attract investors from all across the globe. Come join the success story of Capital Amaravati!