Why Vijayawada Real Estate Still Rising- IJM

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Why Vijayawada Real Estate Still Rising

• www.IJMProp.com

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Introduction

• Real estate agents and construction companies on
  the Vijayawada-Amaravati-Guntur stretch are
  pinning their hopes on the works of the capital,
  after declaring Amaravati as Capital of AP real
  estate boosted in Vijayawada and Amaravati.
• But in the middle it was goes down from last year
  oct to this year march. However, Real estate is
  such a thing their values will not decrease as
  per time but it will always increase.
• So the price of the apartment buildings and lands
  are now still in high demand. As because it is
  already declared as Capital City, its a common
  sense that it will surely develop rapidly with
  more organized and planned manner. So more no of
  business start-up is coming up very soon.
• Most of the Investors, entrepreneurs are already
  invested and some are eagerly waiting to invest
  in these cities.

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Some Important Info. Regarding Real Estate

• According to the main global financial services,
  in the future, sales of residential properties
  will recover gradually in the medium term.
• "We believe that India's residential real estate
  sector is on the cusp of a gradual reactivation
  of demand helped by affordability at the best
  levels of 15 years, high expectations of property
  price increases in the next one or three years,
  Reasonable comfort in personal finances and the
  implementation of new regulations aimed at
  regaining buyer confidence, "the report said.
• In addition, the improvement in current growth
  prospects for weak job creation / income could
  lead to even faster growth, he said.
• "We expect 5-7 percent growth in the rental of
  office assets in technology cities between fiscal
  year 2016 and fiscal year 20, aided by
  pre-compromised demand amid limited supply," the
  report said.

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Continue..

• After the implementation of the Real Estate
  Regulation and Development Law (RERA), although
  the impact of demand is being delayed, the impact
  on supply is already visible.
• RERA was introduced in 2017 to improve consumer
  confidence in the purchase of properties,
  especially in the purchase of units under
  construction.
• "The implementation of RERA has been slow and the
  knowledge is much lower than we expected, which
  may mean that demand takes longer to recover, but
  the favorable dynamics of the offer is already
  visible," UBS said in a statement. investigation.
• The report also adds that the high levels of
  inventory in the sector have also receded. Our
  latest survey of urban consumers also suggests
  high expectations of property price increases.

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Government discusses ways to boost real estate
sector with stakeholders 

• The reduction of GST, some tax concessions and
  the increase of investment were some of the main
  demands raised by real estate developers in a
  meeting with the government in the recent period,
  according to the industry players.
• The meeting was more about the impediments in the
  real estate sectors, said the president and
  general manager of NBCC, Anoop Kumar Mittal,
  after the meeting.
• "The developers raised some problems, including
  taxes," he said after the meeting.
• Although the meeting was convened by Finance
  Minister Piyush Goyal, he could not attend due to
  a compromise in Parliament.

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Continue

• After the meeting, Dr. Nirajan Hiranandani of the
  Hiranandani Group said there were suggestions for
  reducing the goods and services tax (GST) from 18
  percent to 12 percent.
• In addition, there was a discussion on how to
  make the Real Estate Law (Regulation and
  Development) more effective and complete the
  unfinished projects that languish due to the
  scarcity of funds.
• The meeting also deliberated on promoting
  affordable housing and the National Mission for
  Urban Housing, which seeks to provide housing for
  all by 2022.
• This meeting, said Mittal, was basically to
  understand the problems in the real estate sector
  and to listen to the industry about what central
  and state governments could do to improve the
  ease of doing business.
• Sources Times of India -26 July 2018

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About Vijayawada

• Any city would need Land, Water, Air, Road and
  Rail connectivity for it to build up as a World
  class city.
• Vijayawada has all these
• Land  National highways 5 and 9, Inner and Outer
  ring roads. Bridges and flyovers connecting CRDA
  region (Vijayawada, Guntur, Tenali, Mangalagiri,
  Amaravathi).
• Air  Gannavaram International airport
• Water  Machilipatnam port and Buckingham canal
  development.
• Road  One of the Biggest Bus station among Asia
• Rail  Biggest Railway junction classified as A1
  status.

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Now National highways gives boost to real sector
in capital region

• Now real estate is getting boost because of the
  new expansion of NH-65 works. The fast pace of
  works also gave confidence to the realtors  and
  they immediately founded their projects depending
  on the demand of highway facing sites.
• Many commercial companies were connected to land
  along the highway and satellite villages such as
  Kanuru, Poranki, Tadigadapa, Penamaluru,
  Kankipadu witnessed large investments by real
  estate agents.
• As commercial companies began to enter, the
  demand for residential companies began to grow in
  these areas.

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Infrastructure for MICE to be developed in
Amaravati

• With an objective to promote Amaravati as a
  preferred destination for Meetings, Incentives,
  Conferences and Exhibitions (MICE) in Asia
  Pacific region, the AP Capital Region Development
  Authority (APCRDA) is taking steps for the
  development of necessary infrastructure in the
  capital region.
• Facilities such as a mega convention centre, an
  exhibition centre, a five-star hotel and allied
  services would be developed on the 42 growing
  acres of the Central Business District proposed
  in the capital.
• In August of last year, the CRDA had invited
  Request for Quotation (RFQ) to private players of
  national and international renown for the
  creation of the MICE infrastructure, but recently
  cancelled it.
• The sources said that the authority decided to
  cancel the RFQ requests after finding that only
  one applicant was eligible for the next round of
  selection. "When we invited RFQ, we received four
  applications, of which only one was eligible, and
  since we could not award the project without any
  competition, we cancelled it on July 4 of this
  year, and we will now invite the Request for
  Proposal on August 1." said an official to TNIE.

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Continue

• Given that many of the Public Private Partnership
  (PPP) projects receive a lukewarm response from
  investors, the CRDA, which has partnered with IL
  FS Urban Infrastructure as a consultant for
  that project, has decided to encourage private
  participation by allocating 20 of the 42 acres
  for commercial development.
• "For the project to be financially viable, we
  have decided to give 20 acres of land where the
  investor can develop commercial and residential
  components," he said.
• "However, the land will be granted only after the
  developer creates the minimum infrastructure
  required by the CRDA. The MICE facilities will be
  developed on the other 22 hectares, which will be
  leased with a 66-year concession period. "added
  the official. The estimated cost of a project is
  around 300 crores.
• Officials hope to conclude the bidding process by
  the end of September.
• However, it depends on the participation of
  private players. "Once the developer is
  identified, we expect the MICE infrastructure to
  be developed in two years," the official observed.

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Conclusion

• As the above all the results become increasing
  the Real estate demands and now it is going to be
  stable as because development work is started
  people are mostly searching for Residential
  Apartments for sale near Vijayawada to buy their
  flats and apartments to live or to give in
  rentals.
• With that most of the business already setup
  there. It is soon going to be the most populated
  city in India in the very near future.
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Contact Us

• Address
• Properties DivisionRaintree Park Dwaraka
  Krishna IJM Lingamaneni Township Private
  limitedOpp Nagarjuna UniversityNH-5,
  Vijayawada-Guntur Highway
• Telephone [phone] Telephone
  91-7702200333 / 123
• Email rtpdk_at_ijm.com