Vijayawada becoming real estate destination
Following an unprecedented appreciation in real estate prices, investors seem to be flocking in to Vijayawada recently.
The sharp rise in prices of Vijayawada has much to do with the Telengana agitation and the resultant political uncertainty prevailing in Hyderabad.
While real estate prices in Hyderabad have recorded a modest increase of 5-10 per cent during the last one year, in Vijayawada property values are up over 70 per cent.
In this oxymoronical circumstance, when political instability have given rise to Vijayawada emerging as realty hub, people who hail from Vijayawada are now preferring to invest back home even if they have jobs in Hyderabad. Of late the development is spreading to city’s outskirts, too.
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