Investments going back…all major infra projects on halt…Amaravati farmers protesting over capital issue…round it off, Andhra Pradesh which was already hit by the bifurcation is now doomed with uncertainty in all possible spectrums. While even the ruling ministers are all busy with mudslinging, the development of the state in no time stated plummeting, said a political analysts who have been observing the scenarios from the past six months. Adding fuel to the situations, the sand policy came as a hard hit to the construction segment. This new policy introduced by the government has not only hit the real estate business in Andhra Pradesh but has contributed to losing livelihood for crores of daily labours.
While Andhra Pradesh has been at doldrums, it has become a boon for the other Telugu state. With no near chances of blooming economy in AP, Telangana by default has become the nearest option for the investors and IT companies. Adding to this, the Telangana government has been announcing investment-friendly opportunities to the companies. Economist also has reportedly observed a boost in real estate business in Telangana from the past few months.
In a twist of events, Telangana State Finance Minister Harish Rao confirmed the same in a recent press meet. Harish Rao who attended as the guest at Credai Realty Awards for Telangana stated that the situations in Andhra Pradesh have discursively contributed to Hyderabad real-estate market. He, however, made these comments with his own sarcasm mark which triggered debates on AP political circles. While there was no denying in what Harish Rao said, we have to see how the YSRCP leaders would react to this.