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Real Estate Forum on Real estate News in Visakhapatnam

Real Estate Property Discussion Forum and Guide to Real Estate Queries in Visakhapatnam

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Q: Subhagruha is facing many issues while getting VUDA approval for Sukruthi Sampath layout at Sontyam

Latest Answer: Hi, I don't know from where you get this information, But when I call the builder, he said that there is no issue with the approval of this project. VUDA approval is already getting from this project. If anyone have more information, please share.
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Q: The NDA Government is planning to introduce a extensive real estate regulation bill to protect the interests of the buyers as well as to regulate the industry
Latest Answer: But decision is yet to come Subramanya sir.....and waiting for the finger crossed... Now, housing projects on more than 500 sq-mt would have to register with the proposed real estate regulator as opposed to the threshold at 1000 sq-mt that was fixed earlier. Also, the interest rate payable by the promoter or allottee in case of any default by either would be the same now.
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Q: Hi, what is the impact of the new budget on this corridor??
Latest Answer: Hi, I just want to update on Vizag-Chennai industrial belt gets Rs 15,000 crore ADB aid in the form of financial assistance to develop the Visakhapatnam-Chennai industrial corridor proposed by the NDA government in the Union budget.
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Q: Madhurwada, one of the major suburbs of Visakhapatnam city. Heard that many offers for home buyers are going on ?
Latest Answer: Hello Verma, The locality is a residential area witness more end-users in comparison to the investors. Middle-class and upper middle class people prefer to buy 2 and 3 BHK apartments, businessmen, senior executives in private companies, NRIs and other high class people prefer to buy villas. :)
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Q: Hi I heard that Visakhapatnam Urban Development Authority is coming up with new housing schemes?
Latest Answer: Hi Every one we have wonderful plots available very near to highway at vizag.
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Q: What would be the next Andhra Pradesh capital?? Is it Vijayawada or Vizag or Tirupati ?
Latest Answer: Hey Kunal Vijaywada is the third largest city of Andhra Pradesh , I think the city has all that a resident needs to live a good life. Also From road and rail connectivity to infrastructure, such as schools, colleges and hospitals, Vijaywada has everything that a developed city needs. Its domestic airport is also planned to be upgraded as an international airport. :) I think Vijaywada can also be good option.
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Q: What would be the impact on Visakhapatnam real estate ?
Latest Answer: Heard that the market will go up immediately. In six to eight months the realty market here will be in full swing. It may take some time for the people to the new arrangements but once its all set......sales will take off very soon.
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Q: We all know Vizag as a tourist place. How good is the place to live in? What are the opportunities available in Vizag?
Latest Answer: Vizag is going to be a good place to live in. The investments of petro chemical industry increases the opportunity of different business units to extend their service in the area. The good weather condition and cost effective land attracts lot of investors in the area. You can find more details on http://www.commonfloor.com/stories/real-estate-expecting-a-growth-in-vizag-15048
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