Property prices in Hyderabad may have increased by 45% in 2021 and Q1 2024 but with renewed focus on Amaravati, prices may witness a temporary correction

With Chandrababu Naidu taking over as the chief minister of Andhra Pradesh for the fourth term, there is expected to be greater emphasis on infrastructure and pro-business policies in both Telugu states, especially in the capital city Hyderabad. However, real estate experts say that given the resurgence of Amaravati, there may be some out-migration of businesses and residents to Andhra Pradesh, which could result in a temporary correction in Hyderabad’s real estate prices.

Property prices in Hyderabad may have increased by 45% in 2021 and Q1 2024 but with renewed focus on Amaravati, prices may witness a temporary correction (File)
A day before he was set to be sworn in as Andhra Pradesh Chief Minister, Telugu Desam Party chief N Chandrababu Naidu had said that Amaravati would be the state capital.