The Hindu reports that ” Property registrations in Srikakulam and Vizianagaram districts have dipped significantly with the fizzling out of the realty bubble. There are hundreds of layouts on Visakhapatnam-Srikakulam and Visakhapatnam-Vizianagaram routes. Realtors had created a hype that certain government departments and universities would come up on those stretches. However, the euphoria was short-lived, with the government indicating that the Guntur-Vijayawada stretch would be developed as the capital, as the area offered connectivity to all districts.”

Read The Hindu Report HERE.