Amaravati: Former Congress leader Malladi Vishnu said that Real Estate sector had a blow because of the way Amaravati is being started and also developments later on. Speaking to a media interview he said that Amaravati turned into Bhramaravati.
When asked if Amaravati sentiment works in favour of TDP or not he said that there was nothing that happened in Amaravati for the last three and half years and added that AP government is failing to bring the same recognition to Vijayawada.
When asked how did land prices fell after Capital construction Vishnu said that since AP government initially had three four places in idea as capital it created a sort of confusion among reality sector people. Further since CM gave a target of 25 years for the capital there are doubts in investors and not many are coming forward to invest.
In fact recently Naidu told that because of the very high land prices investors are deterred to invest in AP.