Renting a house in Amaravati, city, in view of State government employees shifting next month to the interim Secretariat, has become a tough task though a number of ready-to-occupy properties are available. The abnormal increase in rent will make the ‘‘newcomers” end up paying literally through their nose.
Notwithstanding the repeated requests of Chief Minister N. Chandrababu Naidu that high rental values which may hamper city’s development, property owners continue to do so in the absence of implementation of the Andhra Pradesh Buildings (Lease, Rent and Eviction) Control Act, 2005.
“Many owners have renovated their properties and are anticipating a heavy rush of tenants. This re-modelling of properties has picked up ever since the Chief Minister announced the shifting of the Secretariat employees,” said K. Pavan Kumar, a rental agent at Mogalrajapuram.
Rs. 10,000 a month
Now, one has to pay at least Rs. 10,000 to rent a decent two-bed room house in city and the price is more than Rs. 15,000 in the case of a three bedroom facility with car parking. Expansion and beautifying of roads by the civic authorities have tempted the owners to take the rent to a new level. “A rent of Rs. 25,000 is being demanded for a 3-BHK flat,” says businessman K Teja.
“The government should check this undesirable trend,” says R. Hari, an analyst in a finance firm, who is in search of a house.
In the areas such as Krishna Lanka, Satyanarayanapuram, Yanamalakuduru, Christurajpuram, and Mogalrajapuram, rents are exorbitant. Consequently, properties in the suburbs have turned out to be the preferred choice.
Meanwhile, the number of houses and ventures coming up in the city is on the rise.
As on date, the Town Planning Department of the VMC has received 1,112 applications for approval of plans of individual houses, gated communities, and apartments, according to City Planner P. Pradeep Kumar.
