Real estate boom promoted by TV9

[Sravanlokesh]

TV9 has become the first ever real estate channel in AP by promoting real estate in state through their stories on South Andhra cities in the wake of separatist movements. The TV9 probable list of Capital city for Andhra is Guntur - Vijayawada and Ongloe. The story looks like a paid story by the realtors for those regions. They forget the fact that real estate boom will be created by flow of investments and entrepreneurs in the region not by division of state. These cities are on National Highway and known as business capital and commodities market in India. Ongole has potential to attract industries which are export oriented even in the United AP due to the VANPIC project and availability of land for industries. Guntur being promoted as the Cotton capital as Textile minister Panabaka Laxmi representing from Bapatla in Guntur Dist. Being a hub for North and South India, these coastal districts doesn’t need state capital status for development. A little effort by government in terms of investment summit in major cities of India and Foreign counties promoting Vijayawada, Guntur and Ongole for their competitiveness and infrastructure facilities around them.

 

Even for investment in these cities needs huge tracts of money and funding, which is presently locked in Hyderabad real estate as Andhra entrepreneurs are mostly concentrated their assets in Hyderabad. Without this capital flow from these new age entrepreneurs any real-estate boom will bite the bust. Probably, the next story from TV9 is real estate boom in Warangal, Karimnagar and even Mahboob Nagar. Even it can go to the extent of promoting 23 states formation from United AP for creating real estate boom.

[Mahesh Tummala]

[balu666]

[Simha Marni]