Hyderabad: The investment boom in real estate in residual AP soon after the announcement on bifurcation was with the hope that the new government would take up development works.
“Unlike in Telangana where the political mandate was not clear before elections, in Seemandhra it was obvious among the people that either of the parties would form the government and take up development work. Hence, the buyers have been investing money from much before the elections,” said G. Yoganand, CEO, Manjeera Construction Group and former president of The Confederation of Real Estate Developers’ Associations of India.
A fair number of buyers in Seemandhra could be settlers from Hyderabad and other parts of Telangana preferring to invest in their hometown.
Real estate bigwigs say the clarity on the capital in the region, which is expected within a month, would only increase the realty demand in the region.
Ganesh Vasudevan, CEO, Indiaproperty.com said, “With Seemandhra having the biggest advantage i.e. its proximity to the coastal corridor, the region will only move upwards in terms of its realty demand. Being an investors’ market, once clarity regarding the capital of the Seemandhra comes in, many new projects will be announced that will target residents and NRIs.”
