Telangana CM Revanth Comments on Amaravati
Revanth Reddy's remarks appeared to tarnish the image of Amaravati. During KCR's tenure as chief minister, real estate in telangana, particularly in hyderabad, saw tremendous growth. One acre in telangana would equate to purchasing ten acres in Andhra Pradesh. However, this scenario shifted when chandrababu naidu became the chief minister of Andhra Pradesh.
Under revanth Reddy's leadership, the real estate market in telangana experienced a significant decline. Conversely, after Chandrababu announced amaravati as the capital, there was a surge in land purchases in andhra pradesh, leading to a real estate boom in Amaravati. Meanwhile, hyderabad and the rest of telangana saw stagnant rates and a lack of active land buyers.
In this context, chief minister revanth reddy urged people to buy land in telangana instead of Amaravati. He recommended purchasing land in hyderabad, its surrounding areas, Warangal, Khammam, and Karimnagar, suggesting that these areas would see rapid increases in land value compared to Amaravati. revanth Reddy's comments have now become a hot topic of discussion.