With Andhra Pradesh inching closer to Amravati as its new capital, there is no dearth of speculators in the market. And why should we expect otherwise? Real estate, like politics becomes everybody’s cup of tea, like it or not! When Vijaywada was doing the rounds for being one of the contenders in the race to being the capital, seismologists warned about the area’s susceptibility to earthquakes which would prevent housing with G+3 storeys from coming up. Over the months, we have Amravati back in the limelight. What real estate can we find here?
Almost 30 km away from the core capital, this location is of historical importance mapping back to the Satavahana kingdom. But for modern home buyers and investors who are seeking more than an epitome of cultural rootedness, it would be a good news- the area boasts ample water supply. Besides, Narayan Rao, a local consultant points out, “Amravati is in between two hotspots- Vijaywada and Guntur and although Amravati today is known for its tourism potential, there is no reason why it wouldn’t be exploited for the excellent connectivity it boasts.”