Amaravathi emerges an ideal investment destination
According to Knight Frank India, the leading global property consultants has recently released a detailed report on the twin state capitals, Amaravathi and Naya Raipur, are emerging as world class cities in Andhra Pradesh. These green field capital cities will have the ripple effect on the real estate development in their surrounding areas. In fact, the strategic location of Amaravathi and the proposed infrastructure developments will ensure that Amaravathi becomes a world class city and influence zone as the international consultants are involved in developing the capital city. Moreover, the proximity to urban centres like Vijayawada and Guntur will ensure that the broader capital will provide a large talent pool and that necessary infrastructure will provide a good option for companies to move into Andhra Pradesh, which is largely rural in character. The proposed physical infrastructure like metro rail and an international airport in Mangalagiri will boost the attractiveness of Amaravathi in general and the broader capital region in particular and also the upcoming and proposed high speed rail corridor with Chennai, Bengaluru and Hyderabad will improve connectivity to Amaravathi. In addition, road, rail network, and BRTS a special 3 km long underwater tunnel in the River Krishna will connect Amaravathi to Vijayawada. Capital values, in emerging micro markets, of Vijayawada are in the range of Rs. 1,800-7,000 per sq ft and that score of these micro markets are Vuyyuru, Auto Nagar, Kannuru and Poranki. In the upcoming micro markets of Guntur like Undavalli, Manglagiri and Gorantala capital values are between Rs. 2,200-4,500 per sq ft., the report added.
📅Published on:
27 August 2016
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