Realty buyers, who were planning to buy a house/plot/flat in and around proposed new capital Vijayawada, are shifting their focus from the city and looking at new options in Seemandhra like Kakinada, Rajahmundry, Visakhapatnam, Tirupati and Guntur.
Heavy rates turned out be dampener as buyers are unable shell out hefty amounts. Since the price reached saturation point amidst reports of naming it as capital and setting up government institutions, realty buyers as well as several realty firms are mulling over to bring lay outs near Kakinada, Rajahmundry as they’re catering to middle-class community.
Several middle-class buyers have apparently wiped out option of buying in Vijayawada due to sky-rocket prices. Rather than they’re keen on investing in other growing markets. Since they’re key for any market and play pivotal role as they’re in large numbers, firms too decided not to put all eggs in one basket and distributing. With this, Vijayawada seems no longer a realty hub.