Real estate transactions in Rayalaseema and coastal Andhra regions, which had been slow for the past year, have picked up since March 2014, after the AP Reorganisation Bill was passed in Parliament.
In the Telangana region, where the business has been moderate for the past 18 months, it has begun to speed up in Hyderabad, Nizamabad and Ranga Reddy districts.
As per the figures from the Seemandhra stamps and registrations department which indicate that the highest number of real estate and property transactions was registered in Guntur and Vijayawada, where there is talk of the new capital being situated.
According to growth in the stamps and registration figures, then Guntur was highest, at 118.78 per cent, with total revenue of Rs 1,818.74 lakh in April 2014, against Rs 831.32 lakh in April 2013.
In Telangana, even though the growth rate was just above moderate, investments were higher. Overall investment in April 2014 in Telangana was Rs 2,828.46 lakh (58.48 per cent growth); whereas in Seemandhra investment was Rs 2,007.84 lakh with 41.52 per cent growth.
The highest revenue for the stamps and registration department in the undivided state came from Hyderabad (south) and Ranga Reddy districts at Rs 2,574.91 lakh and Rs 5,827.34 lakh respectively.
Ganesh Vasudevan, CEO, of the website Indiaproperty.com said, “Despite political clarity, investors and potential buyers are focusing more on Hyderabad for the reason that the city is in the phase where it’s gradually developing. With major players entering the market, infrastructure in these regions has seen considerable change and similar attention would be given to its other districts as well”.