High land values in Amaravati a bane for investors

AP CM Chandrababu said that exorbitant prices of land in capital region will cause flight of investments to the next destination Rayalaseema and other states. Doing business in Singapore appears to be cost-effective than in Vijayawada and Guntur due to the land value inflation. In the 5th anniversary celebrations of L.V. Prasad Eye Institute (LVPEI) Chandrababu who has attended as chief guest said that people had jacked up land prices and also rents but were not selling them with an intention to commercialize the properties. Amaravati is poised to become one of the world’s best cities. Entrepreneurs from the region no longer need to look beyond the emerging capital city. However, the land issue has to be sorted out to enable them to play a catalytic role in development. And Chief Minister said land values had become a problem for me too as I look to develop Amaravati into a world-class city.