Realtors keep cards close to their chests, awaiting the blueprint for the Capital. Sources indicate that a 16-floor residential building is coming up in the heart of the city. Realtors are on an acquisition spree in and around the city wherever more than two acres of land is available.
The city’s skyline is all set to get more crowded in the coming few years as numerous more concrete structures are either at a stage of being proposed, approved or some even under construction.
Strategically located and equipped with unmatched infrastructure facilities for a new State to start off on a high note, Vijayawada region stands in the limelight attracting the attention of all.Deals on
The excitement-driven frenzy is palpable in all segments. Numerous fresh transactions are on in the real estate sector but most of them are being carried out in a hush-hush manner. “Many big players are acquiring vast stretches of lands, especially in the suburbs. But, they are not willing to disclose their cards until the government comes up with a blue print for the Capital,” says senior builder Gadde Rajaling.
“The city will witness a surge in demand for high-end residential accommodations ,” says Mr. Rajaling, informing that a few builders have grounded foundations for plush villas in the areas bordering the city.
Sources indicate that a 16-floor residential building is coming up in the heart of the city. Realtors are on an acquisition spree in and around the city wherever more than two acres of land are available. “I introduced high-end apartment culture here through my company Landmark Infra Developers. There are many eager to take cue,” claims Ravindranath Valluru, CEO of the company. His venture is ready, with each apartment unit costing Rs. 2.5 crore.Concerns
The development talk has raised many concerns too, especially among the old-timers closely associated with the city. “Vijayawada didn’t look as it does now a few decades ago. We must all be wary of what happened when the government kept high percentage of its eggs in one basket,” says M. Satyanarayan, an octogenarian. “New facilities should be designed in a sensible way, integrating them with the locals, leaving wide scope for optimal green spaces. There should also be deference to the culture, history and character of Vijayawada. The sudden bursts of concrete buildings may turn Vijayawada into a soulless city,” he says.