March 5, 2025 - 11:23
Real estate traders in Andhra Pradesh are encountering significant difficulties as the new government implements its policies. Many in the sector had anticipated a boom following the political alliance's rise to power, especially among supporters of the YSR Congress Party (YSRCP). However, the reality has turned out to be quite different.
The government's recent regulations and changes in land acquisition processes have created uncertainty, leaving real estate agents struggling to navigate the new landscape. Investors, who once viewed Andhra Pradesh as a burgeoning market, are now hesitant, causing a slowdown in transactions and a decline in property values.
Moreover, the increased scrutiny on property dealings has made it challenging for agents to operate effectively. As a result, many are facing financial strain, with some even considering leaving the industry altogether. The situation calls for immediate attention and strategic measures to revive confidence in the real estate sector, which plays a crucial role in the state's economy.
