Few years ago Hyderabad was observed massive real estate boom and the poor farmers have turned rich all of a sudden with the influx of real boom. Now the same thing was happening in Vijayawada with the separate state formation.Land prices in and around the city have risen sharply especially since the state was bifurcated. In a radius of about 15 km from Vijayawada, it is hard to get an acre of land for anything less than Rs 10 crore today.
Here is the one example of real boom which completely changed the life of a security guard who worked for mere salary of seven thousand per month in a software firm.The security guard was working from few years in a s/w company and with state bifurcation his life changed completely.
He had an acre land surroundings of proposed AP Capital an he got it from his fatherHe has now sold that land and it fetched him whopping amount of Rs 4 crores.th security guard now decided to quit job and he moved to his hometown and started a super market there.
Though there is still no clarity about the exact place of capital city and when it would become a reality, the realtors have a reason to celebrate.That is the real boom around Vijayawada for you folks.