Naidu's Victory Sparks Amaravati Real Estate Boom: 50-100% Surge, Influence on Hyderabad

N. Chandrababu Naidu's recent win has caused a big surge in Amaravati's real estate market, with property prices skyrocketing by 50-100%. The alliance victory of TDP, Jana Sena, and BJP has cleared up doubts about the capital, sparking renewed interest from buyers.

It's not just Naidu's win that's driving this excitement. People are optimistic about Amaravati's future now that Naidu is back. Investors and builders see many opportunities there. Prashant Thakur, Regional Director and Head of Research at ANAROCK Group, noted, "The previous government put this dream project on hold, but now there are clear signs of its revival."

From 2014 to 2019, Naidu served as the first Chief Minister of the newly split state and proposed Amaravati as the capital. This ambitious project aimed to create a sustainable, greenfield capital between Vijayawada and Guntur, covering 29 villages. Prime Minister Narendra Modi even participated in the foundation-laying ceremony, showing strong support.

However, building a new capital and its infrastructure is a huge task. This will take a lot of time and potential.

Hyderabad’s Real Estate Trends: Analyzing the Number

The boom in Amaravati's real estate is also making people consider what might happen in Hyderabad, the capital of Telangana. Investors could shift their focus to Amaravati, potentially causing a 10-15% drop in Hyderabad's real estate prices and impacting its commercial sector. According to Anarock Research, average property prices in Hyderabad rose by 45% from 2021 to Q1 2024, with 218,800 new homes launched and 154,300 sold. The residential market in Hyderabad grew significantly, especially in 2023, with 76,300 units launched and 61,700 sold, marking a 48% and 143% increase respectively compared to 2021.

Image Source:- https://www.ubm-development.com/magazin/en/the-beautiful-heart-of-amaravati/