Amaravati Real Estate: Is Now the Right Time to Invest? Experts Weigh In
The future of Amaravati's real estate market has been a hot topic of discussion, especially after the recent political developments in Andhra Pradesh. With the state government announcing Amaravati as the capital once again, investors are cautiously optimistic about the potential for growth. However, experts warn that the market is still in its early stages, and significant infrastructure development is needed before substantial returns can be expected.
As of today, Amaravati is burdened with debts amounting to approximately ₹12 lakh crores, raising concerns about the feasibility of large-scale investments. Dr. Nandi Rameshwar Rao, a seasoned real estate expert with over 35 years of experience, suggests that while the long-term prospects are promising, investors should be prepared for a waiting period of at least 5 to 10 years before seeing significant appreciation in property values.
The current situation is further complicated by ongoing litigation over land ownership and the lack of clear infrastructure plans. Despite these challenges, the announcement of Amaravati as the capital has already led to a 25-30% increase in land prices in certain areas. However, Dr. Rao cautions that this spike may be artificial and driven by speculative buying rather than genuine demand.
For those considering investment, Dr. Rao advises focusing on areas with clear infrastructure development plans, such as the Seed Access Road and the proposed Outer Ring Road. He also emphasizes the importance of conducting thorough due diligence, especially when dealing with properties that may have legal disputes or unclear ownership histories.
In conclusion, while Amaravati presents a promising opportunity for long-term investors, the market is still in its infancy. Those willing to wait for infrastructure development and clear legal frameworks may find lucrative returns, but immediate gains are unlikely. As Dr. Rao puts it, 'Rome wasn't built in a day, and neither will Amaravati.'
