Andhra Pradesh is witnessing a sudden hike in the prices of land whenever a new project gets announced. After the announcement of Capital Amaravati, the land price in Guntur and Vijayawada and its surroundings has increased by several times.
Recently, CM Jagan announced that a steel factory will be set up in Kadapa. The Central government has also agreed on this steel plant.
With the project getting official approvement, the land prices in Jammalamadugu has increased largely.
According to the official reports, before the project announcement, the land cost ranged between Rs 7 lakhs to Rs 10 lakhs. Now, the cost range went to Rs 50 lakhs reportedly.
With only two months left for the CM to lay the foundation stone for the steel plant, discussions on the steel plant started in the district. The prices increased to a level that, the normal public is not able to buy at least one cent of the land. Reportedly, Muddanuru Road, where Gali Janadthan Reddy's Brahmani steels exist has the highest rate for land. During the time of bifurcation, the Central government has promised a steel plant in Kadapa which offers almost 1.25 lakh jobs.
According to the reports, the previous TDP government has allotted 2,000 acres of land. Plenty of water, electricity is available here. The project got halted due to the alleged differences between TDP and BJP.