With the state government exploring its option of setting up an executive capital in the city, demand for real estate is likely to go up. In the last one and half decade, roughly 35,000 acre arable land in the outskirts of the city was turned into housing plots. But a host of issues, including agitation for the bifurcation of the state, had dampened the demand. According to sources, these layouts and plots are now coming under the real estate radar. With the capital proposal, another 20,000-acre farmland would be converted into layouts very soon, said S Naidu, a man dealing in real estate.
“It is inevitable since the capital would give a boost to business. The sales would be on Vizianagaram and Srikakulam routes from Ananadapuram. There were layouts in a few areas on those stretches up to Poosapatirega, Bhogapuram, and Ranastalam,” he pointed out.
In the last 15 years, 13 mandals surrounding the city and a few close to the seashore in the district have lost more than 60,000 acre farmland to real estate and industries from Atyutapuram, Anakapalli to Anandapuram, Pendurthi, Sabbavaram and other areas.
85% of cultivable lands at Parawada, Sabbavaram, Vepagunta, Pendurthi, Purushottampuram, Chinnamushidiwada, Madhurawada, Kommadi, Paradesipalem, Tagarpuvalasa, Anandapuram, Padmanabham and Bheemili were converted into layouts, and apartments. New colonies, too, have come up in these locations on the outskirts of the city.
The city is expanding towards Vizianagaram and Srikakulam route.
(Source: Times of India)
