Vijayawada real estate market has become one of the most attractive investment destinations in Tier-II cities in India. Investors have a strong understanding of Vijayawada becoming a capital city in the next few years.
Because the government has relaxed the foreign direct investment guidelines for the Indian real estate market, SEBI has approved the real estate mutual fund, The Vijayawada real estate market has a lot of stability. With the free flow of large investments, the Vijayawada real estate industry has basically become a seller's market, leading to unprecedented prices. Vijayawada has seen an increase of about 30% in the past two years and may increase by at least 40-60% in the next year and a half.
Properties for Sale in Vijayawada are growing both in quality and quantity. The speed of development of Vijayawada indicates the focus of real estate construction and infrastructure. The city is rapidly embracing new concepts in the real estate industry, such as residential communities.
Due to the current poor quality of the home, Vambay Colony will present new homes that promise the highest quality buildings. Vijayawada, Guntur Development Authority plans to build more than 76,000 houses in Vijayawada and Tenali under the Rajiv Swagruha plan. The authorities have identified 600 acres of land in the Vijayawada, Apartments for Sale in Guntur on the outskirts of the city.
UDA will also promote the development of the Information Technology Special Economic Zone (SEZ). The project will cover 40 acres in the town of Amaravati near Mangalagiri.
Therefore, the Vijayawada retail market is growing at the speed of snails, but it can be seen that with the expectation of brands such as Shoppers Stop and Big Bazar entering the big brands in the mall, the future will catch up. In order to start the retail business of real estate in Vijayawada, the city's municipal company proposed a two-acre site near the Vidyadharapuram bypass.
The project is envisaged as a hospitality and entertainment centre, implemented in a public-private partnership. The company is likely to receive 25% of the funds from the center to implement the proposed centre’s plan, which will involve an investment of Rs 4 billion. Big Bazar has rented an open space and started construction on Bandar Road. Shoppers Stop and Lifestyle are looking for the right space along Ring Road.
The upcoming shopping mall will definitely enhance Vijayawada's overall retail image and help make it a modern city.
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