NRI Land Buyers In Amaravati Feel Cheated |

[bhaigan]

 

Whether anybody agrees or not, it is a fact that Amaravati, the hitherto capital region of Andhra Pradesh had virtually become a real estate venture during the Chandrababu Naidu regime.

Several farmers, who were allotted plots in lieu of their lands surrendered to the state government under land pooling scheme, had sold their plots for various needs.

Most of those who had bought their plots were Non-Resident Telugus, hoping that they would reap rich profits if the capital materialises.

In fact, some NRI has made this sale and purchase of plots a big business.

According to sources, a prominent Telugu NRI had bought a good number of plots at cheaper rates and sold them to his friends in the US at a rate three to four times of the original cost.

Some of the NRI who bought these plots also indulged in second-sales. But after the change of power in the state last year and the Jagan Mohan Reddy government dumped Amaravati, things changed drastically.

With Jagan deciding to shift the administrative capital to Visakhapatnam, the land rates in Amaravati have plummeted.

As a result, the Telugu NRIs who invested huge amounts in these plots business suffered huge losses. They are said to be questioning their friend who sold the plots to them as to why he had cheated.

Apparently, he tried to convince them that the capital would remain at Amaravati as TDP president N Chandrababu Naidu would go all out to stall the capital shift.

However, all their hopes are now shattered with the Jagan government reintroducing the three capitals bill in the state assembly last month. They have no option to silently suffer.

They can’t even complain to the police because it is a land business and price fluctuations are very common in real estate sector.

So, the Telugu NRIs have lost all their hard savings by betting on Amaravati real estate business. But they have none but to blame themselves!

[bhaigan]

ltt

[Assam_Bhayya]

Kaneesam aakada lands konna NRIs kosam ayina capital marchakunda archived graphics/ppts bayatiki thesi continue cheyalsindhi. . . . 

[kevinUsa]

@tacobell fan

[Ryzen_renoir]

Oka manchi administrative capital like Albany would have been completed by now . Edhi extremes ki pothey migiledhi boodidha .

Asalu world class city antey nalugu buildings and roads aney feeling povali , rule of law is most important . Vijaywada lo buildings choosthey oka dhaniki municipal code undadhu , amaravathi lo kooda same officials untey same fate .

[JambaKrantu]

Just complete the existing buildings and roads there and the prices will creep back quickly. Undavalli Penumaka Nawuluru no price change as of today.. Only interior villages saw a steep price drop..

[Sachin200]

22 minutes ago, Assam_Bhayya said:

Kaneesam aakada lands konna NRIs kosam ayina capital marchakunda archived graphics/ppts bayatiki thesi continue cheyalsindhi. . . . 

Singapore , london architecture also BoyaAnna innovative ideas Anni miss ayaru Telugu people 

 

[LadiesTailor]

Inthaki evvaru aa NRI ? 

[bhaigan]

Just now, LadiesTailor said:

Inthaki evvaru aa NRI ? 

chala mandi unnaru for example @tacobell fan

[LadiesTailor]

Just now, bhaigan said:

chala mandi unnaru for example @tacobell fan

Konna vallu kaadu Bro ammina NRI 

[bhaigan]

Just now, LadiesTailor said:

Konna vallu kaadu Bro ammina NRI 

vallu kuda bochedu unnaru I know some person dont want to reveal name here

[Vaampire]

Amaravathi real estate is like stock markey bubble. Correct time ki exit ayinavallu baney dabbulu venakesukunnaru. Hold chesina vallu c/o assam

[Assam_Bhayya]

mana pisco uncle kuda DB income motham Amaravati lo invest chesadu ani talk . . 

We can see him in this protest, grey shirt with yellow tag in neck . . . .

 

[LadiesTailor]

5 minutes ago, bhaigan said:

vallu kuda bochedu unnaru I know some person dont want to reveal name here

Oh okay... but end of the day everyone lost money on real estate in amaravathi...

infact initial rates were very high and middle class people couldn’t afford it 

[bhaigan]

14 minutes ago, LadiesTailor said:

Oh okay... but end of the day everyone lost money on real estate in amaravathi...

infact initial rates were very high and middle class people couldn’t afford it 

asalu common man's capital aa cheppu Amaravati