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After Real Estate, AP beats Hyd in Rentals!
By: Tupaki Desk | 31 May 2017 3:55 PM GMT
Prior to bifurcation, People used to discuss a lot about rentals of 2 BHK and 3 BHK Flats in Hyderabad. The situation changed drastically after for division of United AP. While Rentals in Hyderabad remained mostly unchanged, Cities like Vijayawada and Vizag in AP have been setting new records with sky-high prices.
Rentals in Vijayawada kept increasing since CM Chandrababu Naidu laid foundation stone for new capital Amaravati. On few occasions, Chief Minister himself warned Owners not to be too greedy while reacting on the complaints from Employees over high rentals. However, The situation has only got worse day-by-day.
Middle Class People have been unable to bear the rentals as the prices were increased by at least 2-3 times. Rentals of 2BHK and 3BHK Flats where around Rs 30,000 and Rs 50,000 in most of the areas. Owners of Commercial Complexes have been charging not less than 50K per month for each outlet.
Rentals in Vijayawada kept increasing since CM Chandrababu Naidu laid foundation stone for new capital Amaravati. On few occasions, Chief Minister himself warned Owners not to be too greedy while reacting on the complaints from Employees over high rentals. However, The situation has only got worse day-by-day.
Middle Class People have been unable to bear the rentals as the prices were increased by at least 2-3 times. Rentals of 2BHK and 3BHK Flats where around Rs 30,000 and Rs 50,000 in most of the areas. Owners of Commercial Complexes have been charging not less than 50K per month for each outlet.
