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NRIPage | Articles | Amaravati Sees Revival in Property Demand as TDP+ Government Promotes Capital Development | Get Entertainment News. Ultimate Source of Fun and Leisure around the world - NRI Page
Over the past five years, Amaravati's property market suffered significantly due to the YCP government's neglect of the capital region. Commercial and residential establishments saw a dramatic decline in value and market demand. However, with the return of the TDP+ government, signs of recovery are becoming apparent. Recent reports indicate a noticeable increase in demand for commercial spaces, as tech giants and other corporations begin to show interest in investing in Amaravati once more.
Small-scale commercial establishments, once considered nearly worthless during the previous administration, are also experiencing a resurgence. Single-room establishments in Amaravati, which had minimal prospects before, are now commanding rental prices of Rs 10,000 to Rs 15,000. This upward trend in the rental market often signals broader economic improvement, suggesting a positive shift in the region’s commercial real estate landscape.
The TDP+ government’s announcement to commence capital development works in December is expected to further accelerate this recovery. As the infrastructure development progresses, demand for both corporate spaces and industrial plots in Amaravati is projected to rise sharply, marking a significant turnaround for the city’s real estate market.
