Ramoji Film City attracts plot buyers to Abdullahpurmet

Abdullahpurmet is a well-developed area along the Vijayawada-Hyderabad Highway. The biggest attraction of this area is the Ramoji Film City where both Indian and foreign tourists come to see film shootings and cultural programmes.

This area has its own market along the National Highway and there are many plot ventures being constructed.
The locality has a mix of low-rise independent houses and new plots available for sale. This area has general stores, medical stores, ATMs and other basic amenities for residents.

There are options for HMDA approved projects. The average price for plots ranges between Rs 10,000-25,000 per sq yard. The sizes of plots vary between 200-400 sq yards. However, you can also find bigger size plots in the outskirts of this locality.

There are more than 70 plots available for sale on Magicbricks in this locality. Plots constitute 93% of the supply on Magicbricks. Prices have risen from Rs 6,900-12,500 per sq yard in 2015 to Rs 8,300-16,000 per sq yard in 2019.

Some prominent plot layouts here are Asian Enclave, Metro Meadows, Sai Kamakshi Venture, ORR City Farms and Janaharsha Dream City 2.

Comments Section

  • - Mazhar Mohammad, Chartviewindia 04/01/2020Reply

    Intraday traders can look to go long if Nifty sustains above the 12,300 level for more than 30 minutes on Friday and look for a target of 12,390. Contrary to this, a strong close below 12,168 level may lead to weakness in Nifty

    • - Gaurav Ratnaparkhi, Sharekhan 04/01/2020Reply

      Nifty is now a stone’s throw away from its all-time high of 12,293. Structurally, it has climbed towards the upper end of the consolidation range i.e. 12,300. Once the 12,300 level taken out, it will march towards 12,350 and subsequently to 12,400, which is near the rising trendline and daily upper Bollinger Band. The 12,220-12,200 zone will act as immediate support

  • - Ashwin Patil, Senior Research Analyst 04/01/2020Reply

    Among two-wheelers, we prefer Hero MotoCorp as it is a proxy to the economy and rural growth, and an expected good Rabi crop output will drive sales in rural India (55% of volumes). We also like Bajaj Auto, which is now finding good traction in exports markets. On the PVs, we still like Maruti as it is a market leader in PV segment and has a wide array of models in all the segments. Its strength in the rural markets is also its positive. We also like M&M, as robust Rabi crop output and increased MSPs will trigger UVs as well as FES growth. Within the CV space we like Ashok Leyland which is away from any global headwinds. Any news on scrappage policy may lead to a sudden spur in CV stocks

    • - Chandan Taparia 04/01/2020Reply

      Nifty has been consolidating between 12,118 and 12,293 levels since last 11 sessions and now a decisive range breakout with followup action can drive the fresh leg of rally. The index has to continue to hold above 12,250 level to witness an up-move towards the 12,350-12,400 zone, while key support has shifted to 12,150 level

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