Visakhapatnam turning out to be the real estate hotspot
Following the announcement of CM YS Jagan Mohan Reddy choosing Visakhapatnam as the probable executive capital and the recommendation of the GN Reddy committee on the same aspect has made the Visakha city turning out to be the real estate hotspot. According to the reports, the realtors have hiked the price of the plots coming under the various ventures by a minimum of 30%. The price of agricultural land has also increased. At the same time, the state government has focussed on the development of the Bhogapuram airport. There is a proposal for launching Metro services from Ankapalli to the airport.