TeluguPeople
  are the trend-setters


News: Headline News

Land transactions stand still in Vijayawada, Guntur


 
VIJAYAWADA: Land transactions got almost halted in Krishna and Guntur districts for the last few months as the farmers and realtors are not willing to sell their lands with hope of getting higher prices after bifurcation of the state.

The land prices are already very high in these two districts and are expected to rise further after bifurcation of the state. Yet, the process for bifurcation of state and proposals for construction of a new capital for Seemandhra state has no great impact in Krishna and Guntur districts.

People are still confused about the division of the state and the Vijayawada-Guntur region becoming the new capital. The land prices are already very high in these two districts and realtors are not able to purchase lands at exorbitant prices.

Another important reason for the stalemate in land transactions is that the Union government has not announced that Vijyayawada-Guntur region will become the capital of the residuary state of Andhra Pradesh.

Moreover, the leaders of Krishna and Guntur districts have not started lobbying for the new capital as is being done by leaders of some other districts in Seemandhra.

These leaders have already voiced their demand for making Kurnool, Vizag, Ongole and Tirupati the new capital of the truncated state.

In Krishna district, an acre of land abutting highways and main roads costs anywhere between Rs 1 crore and Rs 3 crore. The situation is similar in Guntur district.

So far, thousands of acres of land in Gannavaram, Gollapudi, Kanuru, Nunna, Enikepadu and Ramavappadu areas surrounding Vijayawada have been converted into real estate ventures.

Realtors are unable to sell the plots for more than four years due to the economic slump and other reasons. Neither the Vijayawada Municipal Corporation nor the Vijayawada, Guntur, tenali and Mangalagiri Urban Development Authority (VGTMUDA) received a single application in 2012 for construction of a new apartment.

This is because the land prices are very high and construction costs too are increasing every year. Keeping in view these reasons, realtors are not investing huge amounts of money either for construction or creation of new ventures.

S Chakrapani, city planner, said the applications received by the VMC is for construction of new apartments and multi storied buildings are declining due to high cost of land and less demand for apartments.

Another important reason for the downfall of realty business is the declining remittances from NRIs in the two districts situated on either side of Krishna river.

Due to meltdown and global recession, the income levels of Telugu-speaking people in the US, UK, Ireland and other countries have gone down. Consequently, the NRIs from Krishna district settled in these countries are not able to send money back to their homes.

The slump in the software sector too has contributed the sluggishness in realty business in Krishna and Guntur districts. Software engineers were the major buyers of new flats after businessmen and government employees in this region.

Gadde Rajling, president of the Greater Vijayawada Builders Association, said land prices were already very high in Krishna and Guntur districts and would increase further with bifurcation of the state.

Realtors have already purchased vast tracts of lands around Vijayawada predicting that the city would become Greater Vijayawada. Same is the case with Guntur city which will be expanded to become Greater Guntur with the merger of ten villages with the city.

It is estimated that 2,000 acres of government land is available between Krishna and Guntur districts for building a new capital.

Dhanekula Sivam of Dharani Real estate at Gollapudi, one of the biggest real estate consultants in the city, said land transactions stagnated for the last few years as farmers and others have stopped selling their lands hoping to get higher prices in the event of the state getting divided.

District registrar (western Krishna) G Balakrishna said both government and market value of land is very high and there is less possibility of the prices rising further.

Md Ameer Jani, a realtor at Mangalagiri, said Mangalagiri town, which stands midway between Guntur and Vijayawada, can be developed into a new model township if the drinking water problem is solved.

He said several hundreds of acres land is still available in some areas at reasonable rates. He said the government has to give incentives and concessions to the middle-class people to develop new colonies on the outskirts of the town.

Jani said the land prices in the town had already skyrocketed due to the realty boom witnessed six years ago. But now, with the uncertainty over the state's division, transactions have declined over the years.



 
News Posted: 25 November, 2013
 
Be first to comment on this News / Article!


 

Headline News
Take suggestions from the pilgrims in on-line booking
CM condoles passing of Sivaramakrishnan
AP CM condoles passing of Sivaramakrishnan
AP plans to increase flower cultivation
World Bank Coordinator visited AP Nodal Agency
Heat wave claims 64 more lives in TS, AP
BJP MLA demands special payment
OUCET- 2014 to be held from June 8
TET-cum-TRT 2014 final key released
GHMC special arrangements for T-Formation day
TDP reiterates demand for 'Bharat Ratna'
Telangana EAMCET results declared
Naidu holds emergency meeting
KCR will rule for next 30 years: KTR
Five persons commit suicide
More Headline News...
Entertainment
First Look: 'Srimanthudu' comes with Bicycle
Star Hero goes to Ashram
Producer molests heroine friend at guest house
Star Hero Just need 10 crores
Do you know how much 'Srimanthudu' satellite rights fetched?
Director shocked with Porn film rumours
Pic Talk: Varun's soldier getup in Kanche
Baahubali event cancelled; Rajamouli apologies
First Look: Lokesh & Brahmini with Son 'Devaansh '
Lip lock girl clears Class 12 Exams
More Entertainment...
Crime News
Rejection of marriage proposal drives youth to suicide
RPF personnel apprehend two thieves
Nuzividu VRO in ACB Net
Jeelugumilli Tahsildar in ACB Net
Assistant Registrar of Warangal in ACB Net
Bid to catch running train proves fatal
SIT begins investigation in encounter case
Four killed in road accidents
Cyberabad Police book 290 cases of drunken driving
261 booked for traffic violations on ORR
More Crime News...
Special Stories
Hyderabad Water Sports Regatta from 4th
Hyderabad Jewellery and Gem Fair from 5th
Dy CM inaugurates 4 centres of Rs 5 meal scheme
Reduce human element in cleaning: HMWSSB Chief
SCR conducts massive ticket checking drive
Swachh Bharat Abhiyaan at Sri City
Misuse of National Flag Punishable Offence
Pocharam launches "Mana Telangana Mana Vyavasayam"
UNESCO Chair at UoH to work in Africa
TFAS 30th Anniversary to be held on July 11th
More Special Stories...
 
Business
KTR Meets Microsoft CEO Satya Nadella
Setting Up of MSME Centre of Excellence by SIDBI
NASSCOM demands 100% FDI in E-Comm
CII for adoption of AFR Utilization in Cement Industry
SAP Appoints New Managing Director
CloudFX announced Cloud Brokerage platform
Scotland Delegation met Jupally
Palle met Sony, NTT, Toshiba Officials
Silicon Valley folks to help T-Hub: KTR
AP CM Inaugurated 'Amara Raja Growth Corridor'at Chittoor
More Business...
Sports
Pratyusha crowned with International Title
First match: Reigning Champs KKR to face Mumbai
Kishan Reddy congratulates Saina
India cruise into Semis: beats Bangladesh
Line-up confirmed: India to face Bangladesh
100/100 for Team India
Chris Gayle blasts his way to records, scores WC's 1st 200
India beats South Africa first ever in WC
West Indies make an impressive comeback by beating Pak in WC
Harithon - The Green Run -2K15 in Hyd
More Sports...
Devotion
Hassle free Darshan to Piligrim with team work
TTD Forest maistry bags Bio-Diversity Award
Mahasamprokshanam concludes in Narayanavanam Temple
"Top Priority are common piligrims": TTD EO
"Annamaiah Paata Maata" launched
Hassle Free Darshan, Accommodation, Prasadams: TTD EO
Sri Govindraja Swamy Brahmotsavam from May 25th
'Annamaiah Paata-Maata' Across the Globe : TTD EO
Lucky dip booking of Arjitha Sevas commences
Annual Teppotsavams in Tiruchanoor from May 29
More Devotion...
Hyderabad
Police intercepts 282 ramblers
'Swachh Hyderabad' will be a continuous programme: GHMC chief
Metro Rail works to slowdown traffic
Regional Work Shop held on National Scholorship
Review Meeting held on AP Pollution Control Board
More Hyderabad News...
Visakhapatnam
T-decision soon, says Mallu Ravi
Kiran lays stones for hospital, sub-station
Fishermen vent ire on officials
Five picnickers meet watery grave
Minister admits encroachment of Vizag Wakf land
More Visakhapatnam News...
Vijayawada
Amaravati Raja Gopuram to be demolished
Three arrested in MJM hostel sex scandal
CM reviews Vijayawada civic issues with Minister and MLAs
'Bhanu is in AP, will be arrested soon'
Shilparamam in Vijayawada soon
More Vijayawada News...
Tirupati
Sravanam Project will be enhanced further: TTD EO
TTD Asthana Panchanga expert expires
Footover bridge and Subway inaugurated in Tirupati
Woman dies in car mishap (3 comments)
Muniyappa promises to develop Tirupati Rly Station
More Tirupati News...
Anantapur
National kabadi player attempts suicide
Congress to field Patil and Ananta for by-polls
Eight killed in two mishaps
Oil Mill owner of Dhrmavaram kidnapped
Four killed in car-auto collision near Puttaprthi
More Anantapur News...
Kadapa
Five-year-old girl raped by relative
Three killed, five injured in road accident
Three killed, six injured in road mishap
TDP MLC calls off fast
Woman gets stuck between boulders
More Kadapa News...
 
Guntur
Techie kills girlfriend, himself (1 comment)
Makineni Pedarathaiah quits YSR Congress
Guntur tops the list of HIV patients (1 comment)
RTC to operate 750 buses for Maha Sivaratri
Intruder attacks inmates of girls' hostel in Tenali
More Guntur News...
Karimnagar
TRS demands committee to study weavers' problems (1 comment)
Narayana denies making objectionable remarks
Deputy speaker's relative commits suicide
Money-lenders lock up family of debtor
TDP leader Muddasani passes away
More Karimnagar News...
Kurnool
Vote for Jagan leads to bifurcation of State: TG
CEO wants strong policing in faction-hit areas for by-polls
Lovers die in suicide pact
Four of a family murdered near Allagadda
Srisailam bracing up for Maha Sivaratri
More Kurnool News...
Nellore
Ragpicker gangraped, killed in Nellore
No hunger strike in Nellore Jail: Superintendant
Bapuji calls for unity among pro-bifurcation groups (1 comment)
Heavy rains disrupt life in Nellore
Depressed over poor marks, student ends life
More Nellore News...
Nizamabad
Two killed, 14 injured in lorry-auto collision
20 injured as bus overturns
30 injured as RTC bus overturns
Pocharam held for disrupting Rajiv statue's unveiling
1.3 kg gold, Rs 4.6 lakh stolen from Andhra bank
More Nizamabad News...
Prakasam
BIE action against Sri Prathibha Junior College, Ongole
DGP inaugurates I-CLIK in Ongole
TDP committed to poll promises: Minister Ravela
Prakasam District Collector met Minister Ravela
Terminated contract Housing employees skirmish with police
More Prakasam News...
Warangal
TDP MLAs held in Warangal for protest
TDP T Forum opposed to Rayala Telangana
Warangal police seize 1400 kg ganja
Woman, son pushed to death from train
Celebrations to mark 800 years of Ramappa temple
More Warangal News...
Eluru
Congress election office set up in a lodge
Man dies in police station, relatives allege custodial death
TDP MLA launches fast for short supply of jute bags
Property disputes lead man to burn brother alive
Sleepy goldsmith robbed of 1.6 kg gold, Rs 13 lakh cash
More Eluru News...
Rajahmundry
Have evidence to prove Ambati's hand in Emmar scam
SHRC seeks report on death of girl due to dog bite
Six held for pushing women into prostitution
Jagan supporters disrupt Rachabanda
3 die as lorry plunges into Godavari
More Rajahmundry News...
Kakinada
Two-day Passport Seva Camp in Karimnagar
Spurned lover stabs girl in E.Godavari district
Lorry driver abducts pregnant woman
Liquor kingpin Balu surrenders
Youngster slits lover's throat
More Kakinada News...
NRI News
Youth Symposium held in White House
NATS youth symposium in White House
Dhim TANA held grandly in Boston
NATA opens Head Quarters in New Jersey
DATA meet and greet with KTR
More NRI News News...



 
Advertisements
Advertisements
Advertisements
Get the best Results!
Reach potential customers thru TeluguPeople.com, advertise with us!!
Beauty and Skin Care
For all your favorite branded products of Beauty, Skin Care, Perfumes, Makeup and more!
College Admissions in USA
Guaranteed Admissions or Processing Fee will be refunded. At USAdmissions.com
EducationAndhra.com
One-stop Destination for Information on Educational Resources related to Andhra Pradesh
Regional News
Anantapur
Eluru
Guntur
Hyderabad
Kadapa
Kakinada
Karimnagar
Kurnool
 
Nellore
Ongole
Nizamabad
Rajahmundry
Tirupati
Visakhapatnam
Vijayawada
Warangal
Photos
News Gallery
Cinema Gallery
Beauty Gallery
Fashion Gallery
Sports Gallery
Travel Gallery
Devotion
Articles
All Articles
Poetry
Short Stories
Blogs
My Blogs
Popular
Active Blogs
Recently Created
Classifieds
Jobs
Real Estate
Automobile
Personals
Networking
My Friends
New Members
Invite a Friend
 
Discussion
Poetry
Govt and Politics
Offbeat and Jokes
Videos
Top in Views
Top by Rank

(C) 2000-2015 TeluguPeople.com, All Rights Reserved.