Vijayawada: Amaravati, the new capital city of Andhra Pradesh (AP), will be a happening zone in the country, according to a forecast by an independent global property consultancy Knight Frank LLP. In its latest report, Knight Frank said that Amaravati is poised to become an influence zone in the near future. More particularly, Vijayawada and Guntur will emerge as major sources of contributing talent pool to the Amaravati.

Knight Frank has further stated that Vijayawada will emerge as commercial capital of AP, while GuntureGunture will be a hub of knowledge. The strategic location makes Amaravati an unavoidable place for the country. The proposed world class infrastructure development in Amaravati will attract global investments as well.

Well supported by world-class infrastructure, Amaravati will attract global and domestic companies to shift operations to AP. Though AP has rural infrastructure, it would emerge as a major competitor in the country for business investments.

Well supported by world-class infrastructure, Amaravati will attract global and domestic companies to shift operations to AP. Though AP has rural infrastructure, it would emerge as a major competitor in the country for business investments.

According to the report, real estate prices in Vuyyur, Autonagar and Poranki are in the range of Rs. 1,800 – Rs. 7,000 per sq.ft. Other areas such as Undavalli, Mangalagiri and Gorantla, the prices are ranging between Rs 2,200 and Rs 4,500 per sqft.

Already core industrial sectors such as retail, energy, education and hospital, medical institutions have been attracting huge investments from domestic and international corporate firms. This will further boost the real estate sector in Amaravati capital region.

Already core industrial sectors such as retail, energy, education and hospital, medical institutions have been attracting huge investments from domestic and international corporate firms. This will further boost the real estate sector in Amaravati capital region.

Once the proposed high speed rail corridor with Hyderabad, Chennai and Bengaluru becomes operational, it will further add value to the capital city region. The metro rail project is also poised to take off soon.