Amaravathi, the new capital city of Andhra Pradesh is said to be in peaks with respect to the real estate happenings. It is known that the land rates are on peaks and the land transaction deals were going on in a very high rate. This is expected to raise the revenue for the state as land registration charges goes to the government.
But interestingly, Hyderabad recorded the best revenue in the recent times with respect to land deals. It is known that Telengana registered the best growth rate of 21%. Majority of this percentage is due to the land registration charges and the sales tax. In just six months, the state recorded a revenue of 22,500 Crores. Sales tax contributed to 16,400 Crores while the remaining amount is from the registrations.
The real estate pattern shows that the land registrations rate is raising in Hyderabad in equal to Amaravathi. With the recent new SEZ allocation in Adibatla and raising investments in the Pharma City, land rates are picking up in the surroundings of these regions. Good time to invest in the capital cities.