Andhra Pradesh real estate agent torn between Vizag and Amaravati, eagerly awaiting election results

Real estate agents and real estate investors in Andhra Pradesh are eagerly awaiting the election results, which are expected to be announced on June 4.

Experts say real estate agents, be it near Visakhapatnam or Amaravati, are waiting for the election results and based on that they can take final decisions regarding business activities. They added that demand in the residential, commercial, retail and office space markets will increase significantly once the new government begins functioning.

Experts also predict that real estate in Visakhapatnam is likely to boom. They say real estate will be the first sector to benefit once Visakhapatnam officially becomes the administrative capital of Andhra Pradesh.

Meanwhile, party leaders are making pre-election announcements. While YSRCP leaders say that if YSRCP wins this election, party president YS Jagan Mohan Reddy will focus on Visakhapatnam, TDP-JSP-BJP combine leaders say that TDP president Amaravati will be developed as the state capital if the alliance is led by the state. N. Chandrababu Naidu comes to power.

A. Ashok Kumar, vice-chairman, Confederation of Real Estate Developers Associations of India (CREDAI), said: We are looking forward to the development of Visakhapatnam after this election. Both Jagan and Chandrababu Naidu have their own strategies to develop the doomed city. Following the election results, positive growth in the city is expected. Along with IT, the city is expected to develop in the fields of defence, seafood export, food processing industry, tourism, hospitality and medical tourism. ”

Real estate investors are also expected to be waiting for the election results to invest in real estate.

P. Madan, a software engineer from Hyderabad, said: However, we haven't decided on a location yet. I am interested in investing in Visakhapatnam as it has future potential. If YS Jagan becomes chief minister again, there is no doubt that this city will compete with other metropolises. ”

Says S. Kiran, a Bengaluru-based marketing expert from Visakhapatnam. But I already have my own property and new land in Visakhapatnam. Therefore, we are currently planning to invest in areas around Amaravati. ”

Realtors say the proposed Bhogapuram-Vishakhapatnam expressway, which will connect the Visakhapatnam-Bhimnipatnam coastal corridor with Bhogapuram International Airport, is poised to be rapidly developed over the next five years. I hope so.

Meanwhile, YSRCP supporters in the city are speculating that Jagan Mohan Reddy will win the elections again. YSRCP also announced that the oath-taking program of Jagan Mohan Reddy as Chief Minister will be held in Visakhapatnam on June 9.

“Even during the election campaign, Mr. Jagan said that if he wins the election, he will take oath as the chief minister of the state. In an interaction with the I-PAC team in Vijayawada after the elections, Mr. It surprised everyone by expressing confidence that it would win with a majority,” said Prasad Reddy, a YSRCP supporter.

Meanwhile, the TDP leader said that the people were dissatisfied with the YSRCP's rule in the past and this time the allied party would form the government at any cost.