With the Andhra Pradesh CM Chandra Babu Naidu finally announcing the boundaries of the new capital, the real estate businessmen have got ample clarity.
The latest reports say that the real estate businessmen are now making plans for various villages, small towns and cities leaving out the villages included for land pooling.
It goes without saying that it would be risky to invest in villages which are being marked for land pooling. Since the government has already announced the borders, it might not touch the other villages and the capital zone will mostly have government buildings and offices of other related facilities.
It is being felt that the realty will pick up much quickly in the neighbouring areas than in the capital zone. Hence the real estate businessmen are now focusing on Mangalagiri, Tadikonda, Pedakakani and Guntur rural.
Accordingly, it is being estimated that the value of an acre of land even in remote villages might run into crores very soon. Already, the rates have gone sky high in villages like Kanteru and Laam which border the capital zone.
While those in villages falling under capital zone are worried about the compensation being offered by the government in lieu of their farm lands, those in the neighbouring villages and cities are excited about the impending real estate boom.
