GUNTUR: Land prices in Brodipeta and Arundalpeta areas of Guntur city now range between Rs 1.05 lakh to Rs 2 lakh per square yard in the two regions, beating even those at prime localities in the metropolis of Hyderabad.
Following the announcement of the capital, a similar pricing situation prevails in Nuzvid and in and around Vijayawada. All kinds of shops and star hotels are situated in these two regions. Offices of Telugu Desam and YSR Congress are also in Arundalpeta, while several multiplexes and movie theatres are in Brodipeta.
A developer, K. Kishore said that there is no vacant land in the two regions. Guntur is topping the land rate chart because people assume that there will be no land available on the riverbank as the capital will be a riverfront capital. Hence, everyone is eyeing Guntur land.
The Guntur district administration has reported availability of 21,595 acres of lands in Amaravathi, Guntur, Tadepalli, Tadikonda, Tulluru, Vatticherukuru, Yadlapadu, Prattipadu, Phirangipuram, Sattenapalli, Medikonduru, Mangalagiri and Pedakakani mandals.
D. Govindu, manager of S.R. Constructions, however said that this Guntur will continue to be a favourite among people as it is the nearest to the new capital.
Developers selling plots on unapproved layout:
Stating that some people were selling plots in layouts that lacked approval, VGTM-UDA officials on Wednesday cautioned buyers not to invest in plots in illegal layouts. UDA vice-chairperson P. Usha Kumari said that only 319 layouts had received approval from the UDA.
“Permission for layouts planned in places brought under the UDA’s jurisdiction must also be taken before the plots are sold,” she said, asking buyers to verify the layout approval number and plan with the UDA officials before finalising the purchase.
Bhoomi Siva Reddy, a real estate agent, agreed that some developers were selling plots in layouts that do not have UDA approval. “All ventures do not have approval. But, developers have applied for approval. They will get all the required approvals before handing over the plots,” he said. However, Ms Kumari advised buyers not to believe in such statements.