Commercial space rates shoot up in Vijayawada

by Paul Joseph on August 15, 2013 · 0 comments

HYDERABAD: Around 270 km east of Hyderabad, the city of Vijayawada on Wednesday witnessed an immediate ripple effect of Congress’ ‘Jai Telangana’ call. Owners of commercial spaces in the ‘land of victory’ were found quoting as much as Rs 50 per square feet (sft) for properties which, until a few days ago, were up for grabs at a meagreRs 15 per sft. Reason? The intense speculation about the city emerging as the largest business hub, if not capital, of the new Andhra Pradesh state. Residential projects, which are currently hovering around Rs 4,500-Rs 5,000 per sft, are also likely to increase in the next few weeks, market insiders said. The

[via India Properties – Real Estate India – Indian Property News Site]

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