IT-driven growth and infrastructure turned Kokapet into a high-value land market
Amaravati farmers await the development that can translate promises into real demand
(By Our Special Correspondent)
Amaravathi, Feb 11: In Kokapet, Hyderabad, land prices have reportedly touched Rs.100 crores per acre—driven by a thriving IT ecosystem and the presence of nearly 8 lakh software professionals. This sharp rise in value is not accidental; it reflects years of steady infrastructure growth, corporate presence, and employment generation. In contrast, Amaravati farmers are still waiting. Years ago, they were advised not to sell their lands, with assurances that land values would rise dramatically in the future. Trusting these promises, many farmers parted with their lands for the capital project, expecting timely development and a prosperous future. However, the promised development of returnable plots and flats has been delayed, leaving many in uncertainty.
https://goodmorningandhraonline.com/amaravati-capital-development-update/
During his tenure as Leader of the Opposition, Y.S. Jagan Mohan Reddy supported Amaravati as the sole capital in the Assembly. But after becoming Chief Minister, the three-capital proposal changed the direction of the state’s administrative vision. Farmers who had sacrificed their lands felt betrayed and spent five years protesting against the policy. Now, with Chandrababu Naidu back as Chief Minister, Amaravati farmers once again look toward the government with renewed hope. Yet, as reports suggest that major software investments and institutional developments are being directed toward Visakhapatnam, doubts resurface in their minds.
They wonder when Amaravati will see the kind of ecosystem that can genuinely drive land value growth. Unlike Hyderabad, Amaravati currently lacks large-scale employment hubs, IT companies, and the economic activity necessary to create real demand for land. At present, even Rs.10 crores per acre struggles to attract buyers. Without strong economic drivers, expectations of Rs.100 crores per acre remain distant dreams rather than practical possibilities. The core question remains: land value does not rise on promises alone—it rises on development, employment, and real demand. Until such foundations are firmly established, Amaravati farmers may continue to wait, hoping that the future they were promised will one day become a reality.
Hanumantha Rao is the Editor of Good Morning Andhra English Daily with over 15 years of experience in journalism covering politics, public affairs, and regional news.
