VIJAYAWADA: The real estate market near Vijayawada’s West Bypass is experiencing a resurgence, fueled by reports of Amaravati’s capital construction gaining momentum. Localities such as Payakapuram, Jakkampudi, Patapadu, and Gunadala, which had slowed due to uncertainty about the capital’s location, are now emerging as prime investment destinations. Over ten new ventures are reportedly in the pipeline for this region.
The sector had faced stagnation during the previous government’s tenure, as speculations about relocating the capital to Visakhapatnam discouraged investors. Even after the NDA alliance took power in 2024, the market remained lackluster. However, the imminent completion of the Vijayawada West Bypass and Amaravati’s revival have sparked renewed interest.
The West Bypass, set to open in two months, is expected to enhance connectivity to Amaravati, reducing travel time to just 25 minutes. This improvement has made the area highly appealing to those seeking residential investment opportunities near the capital. The demand for plots along the Inner Ring Road has particularly increased, with buyers anticipating further value appreciation.
For developers, the revival has been transformative. “We launched a venture near the West Bypass three years ago, but it received little interest despite heavy promotion. Now, with Amaravati’s revival, buyers are showing remarkable enthusiasm for our projects,” said Chandana Udayabhaskar, a local realtor.
This surge in demand has caused a sharp rise in property prices. Land in the West Bypass area, which was priced between ₹14,000 and ₹16,000 per square yard a few months ago, now commands ₹30,000 per square yard. Despite the steep hike, investors remain eager to secure properties.
Developers have observed a growing preference for individual plots over apartments, with gated community projects gaining significant traction. In the meantime, Vijayawada Municipal Corporation (VMC) officials have advised buyers to ensure that projects are approved by the Andhra Pradesh Capital Region Development Authority (APCRDA) and VMC, cautioning against investing in unauthorized ventures that may carry risks.
