WHAT GOES ON AT VIJAYAWADA TODAY GREATER VIJAYAWADA ON CARDS?

 Prices of properties in all locations of Vijayawada, Guntur, Tenali are starting to go up due to the confusing picture about the future of Hyderabad. Investors should now decide to invest now or later. Later might be too late.
BUT TAKE YOUR DECISION CAUTIOUSLY AND GO AHEAD. VGT HOLDS GREAT FUTURE AND JUDGED BY MANY AS THE NEXT HUB OF GROWTH . Advantages in Real estate investment, particularly in Vijayawada!

As you might be well aware that real estate is the booming investment sector in the world today, it makes good investment sense whether your real estate purchase is for the long term or short term. Historically, Real Estate property has shown consistent growth in value, even when some other investment choices were less stable. In addition to that, now with all eyes on the booming technology sector in India, and AP in particular, AP is the best choice to invest in Real estate.The values are being doubled in years if not in months.
While there are other places where real estate seems more lucrative than Vijayawada, these places are more often shadowed with a lining of insecurity and the possibility of loosing the whole invesment. On the contrary, Vijayawada is a good and safe bet being a rich place with highly educated population and a city that is in the limelight at all times. With so many upcoming projects coming its way, Vijaywada is the place for best returns on your investment. Although, it's not dependent on any separation, critics predict, sky is the limit for Vijayawada development if at all Telengana forms.

Economy

The region around the city has fertile soil and irrigation is supported by the river Krishna and its canals. Major crops include sugarcane, Rice and Mango. Vijayawada is famous for automobile body building, garment, iron and hardware small scale industries. Small scale automotive industries 'Jawahar Autonagar', was the largest automobile township in Asia for sometime. The main markets are situated in the old city (formerly called One Town) and near Besant Road. It is estimated that nearly INR 10 crores of garment business takes place in the Vastralatha building alone in the One Town on a daily basis. Garments are mainly sold in Besant Road and Governor Pet, but now this activity is also happening in the malls that have come up in Labbipet and M.G. Road areas.Some of the famous shopping malls established on M.G.Road include, Kalanikethan Shopping mall, Chandana Grand, R.S.Brothers, Kalanjali, Chermas and M&M. The city has many wholesale businesses. They include garments, iron market, pulses, cereals, and other edible products, fancy markets, fertilizers, mango exports, pharmacy, metal and so on. The city is one of the busiest and crowded places due to its strong commercial hold in the entire state. Vijayawada is called the 'Commerce Hub' of the Andhra state, for it provides the right environ for all the agricultural and industrial goods to be transported in/out and traded in one single place.

Vijayawada is the busiest railway junction in South India, and is second biggest junction in India and only railway station to have escalators after New Delhi. The fact that Vijayawada is well connected through railways keeps it the main hub of commercial activities.

Information technology

The city has a strong educational infrastructure but the IT industry is yet to grow. There are about 32 IT firms in Vijayawada, which generated revenues of approximately Rs.56 crores (Rs 56,00,00,000) in 2007-2008 fiscal year. Some of the IT companies here are Efftronics[2], PB Systems[3] and The UX Group[4]. The APIIC is setting up an IT park/SEZ at Gannavaram, 20km from the city, next to the airport, to facilitate the growth of the IT industry in this region. The construction firm, L&T, was awarded the contract for developing this IT park with a budget of Rs 300 crores. The IT park can facilitate employment of up to 10,000 IT professionals. Another IT park with an area of 40 acres (160,000 m2) is being set up by VGTM-UDA in Mangalagiri.