The real estate sector appears to be picking up in the capital Amaravati area, Vijayawada and its suburbs if the increase in enquiries were any indication. Realtors, though not jumping in joy, see a ray of hope with the general elections slated to be held on May 13. The people, who are looking for investments, and the realtors, feel that a ‘change in the guard’ would revive the real estate sector in the region.
Pointing out there were enquiries till recently, the realtors stress that the enquiries have picked up. The builders and real estate firms are getting 10 to 15 enquiries a day. The increase in enquiries is a direct fallout speculation, nevertheless, it is encouraging. The enquiries have picked up significantly, even though deals were not getting closed, says National Real Estate Development Council (NAREDCO) Honorary Chairman Gadde Rajling.
K. Siva Reddy, who was chairman of CREDAI, says that the enquiries have gone up in the recent past. The construction activity also picked up. During he one week, seven to eight new ventures have also come up. The new ventures include apartments and villas. The people who used to be wary of investing and waiting for a trigger, are now looking for investment opportunities. In the near future, the sales would also pick up, opines Mr. Siva Reddy, who is presently convener of Amaravati JAC.
