The real estate boom in Andhra Pradesh driven by the set up of capital and other industries and infrastructure related proposals is most likely to burst very soon. The nature of appreciation and growth of lands and property values could be difficult to sustain in the medium and long term.
It is reported that a team of experts from Singapore have visited the proposed area marked for the construction of capital in Guntur district and expressed reservations over the durability of skyscrapers with the given nature of the land and seismic studies.
More over the political circles and the common people will take their own time to realise that the Hyderabad like capital and growth for the Andhra Pradesh would be a distant reality.
The proposed land pooling, acquisition and launch of various projects may need 3-4 years to take a shape. There comes the election season and uncertainty. All these factors are likely to hit the bad realty boom which could be a healthy development.
The recommendations of Sri Krishna Committee in UPA regime and subsequently of Sri Sivaramakrishnan Committee under NDA Governance have been thrown in to dust bin, having spent several chores of people’s money, which eventually reflects utter disregard to the expertise gone in to the faithful survey and preparation of these reports. Will it not demoralize the experts who did a marvelous job? Sadly, both the reports have not been tabled in the parliament for perusal and discussion. What a democratic culture that is in practice in India?