Vijayawada: The proposed Amaravati outer ring road (ORR) project triggered a real estate boom in suburban areas within a 25-km radius of Vijayawada. With land prices surging, villages along the ORR corridor in NTR, Krishna, and Eluru districts are witnessing increased investment activity as landowners and realtors are anticipating significant infrastructure-driven growth.
The govt prioritised this massive infrastructure project with a vision to develop Amaravati as a world-class capital. About 190 km-long ORR, which will pass through 121 villages across five districts, is expected to ease traffic congestion and enhance connectivity.
Officials have already been appointed for land acquisition as state govt works to finalise modifications to the National Highways Authority of India (NHAI) alignment. The project is expected to boost economic activity, particularly in real estate, as land values along the proposed route continue to rise.
Real estate activity surged in areas like Ponnavaram, Thimmapuram, Gannavaram, Kanchikacharla, Mylavaram, Agiripalli, and Atkuru. Investors and realtors anticipate that these locations will mirror the development witnessed around Hyderabad’s ORR.
