Top

Realtors descend on temple town

Realtors descend on temple town
x
Highlights

Sources said agricultural lands in and around the holy town of Yadagirigutta are in great demand as realtors from across Telangana, particularly Hyderabad, are scouting for big chunks of lands, anticipating that the demand for residential and commercial space would go up in the coming months.

ADVERTISEMENT

Hyderabad: Sources said agricultural lands in and around the holy town of Yadagirigutta are in great demand as realtors from across Telangana, particularly Hyderabad, are scouting for big chunks of lands, anticipating that the demand for residential and commercial space would go up in the coming months.

A realtor, V Narayana Rao, who owns five acres on the outskirts of the town, said that the realty business has been on the rise for the last two months. Investors from both Telangana and AP are showing keenness to acquire agricultural lands. However, the realtors have not yet started plotting the lands.

At the moment, they are busy identifying potential lands and are buying them cheap. The state government proposes to the establish Nrusimha Abhayaranyam in 1500 acres of land down the hill shrine with an investment of Rs 250 crore. It will house a deer park in 400 acres.Other proposals like raising the height of Gopuram, widening the area of Artha Mandapam and Maha Mandapam and the construction of a new Kalyana mandapam on the lines of the TTD have also given a big fillip to the property business.

By: Patan Afzal Babu

Show Full Article
Print Article
Subscribed Failed...
Subscribed Successfully...
Next Story
More Stories