Vijayawada’s loss is turning out to be Hyderabad’s gain. At least that’s what the trend, currently prevailing in the real estate markets of the two states, suggests. Given the abnormally high rates being quoted by land owners in the major cities of Andhra Pradesh — Vijayawada and Guntur — developers are now turning to their old haunt: Hyderabad. These locations in AP shot to prominence on the real estate map, subsequent to N Chandrababu Naidu’s announcement about building the new capital somewhere in between the two cities.According to market sources , owners in AP, hoping to cash in on the ‘capital call’ , have been quoting atypical rates ranging from anywhere between a whopping Rs 60,000 and Rs 1.5 lakh ...

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