Metro to help realty boom

 

Government’s recent plan to link the metro rail to Amaravati capital city can also provide a fillip to the realty business in Penamaluru and Nidamanuru. The two regions might see a boom in infrastructure business, observed city-based builders. 

 

As per plans, it should take 30 minutes from capital Amaravati to the two areas of Penamaluru and Nidamanuru.  Many more residential apartments, gated community colonies will come up along the metro rail corridors.

 

Going by the developments, investors and builders have pinned huge hopes on the Metro Rail project. Bandar road up to Penamaluru is a prime area for the realty sector. Construction activity is active and real estate may see a surge in demand.

 

A. Sivarami Reddy, managing director of Divya Prabhas builders, said that the project would definitely boost the infrastructure operations in Vijayawada city. “The realty and construction sector is not so good but metro rail project would bring new developments,” he added.

 

V. Ramu, a software professional in Hyderabad, who invested in realty sector in Bandar road, predicted that Penamaluru, Nidamanuru and other nearer surrounding areas would see rapid growth as a result of metro rail. He said that employees and officials might also choose other areas in the metro corridors as the journey time from Amaravati to the two locations is only 30 minutes. He also revealed his wish to have a house on the metro rail corridor area in the future.