Vijayawada: The Amaravati Outer Ring Road (ORR) project has triggered a massive real estate boom across regions surrounding the capital. With land acquisition gaining pace and gazette notifications underway, property prices near the proposed alignment have skyrocketed, marking one of the
sharpest surges in recent years.
The rise is particularly steep in areas such as Kanchikacherla (NTR district), Agiripalli-Pottipadu (Eluru and Krishna districts), and localities around Kankipadu, where real estate firms are aggressively scouting for ventures. Locals say land values in several pockets have shot up by nearly 35% within weeks.
Residents attribute the escalation to confirmation that the ORR will pass close to their villages. “Big companies are showing interest in setting up ventures. We hope the ORR will bring development to our area,” said N. Ramana of Gopalapuram village in Agiripalli mandal. Farmers, who earlier struggled with pest attacks on mango orchards, are now entering agreements with realtors, expecting better returns than agriculture.
