Archive · 23 Jan 2026
Realtors Welcome Land Value Revision
The government in Andhra Pradesh has decided to change the official prices of land in cities.
This change will make the official prices more like the real prices people are paying.
The real estate people are happy because it shows the city is growing and people are interested in buying land.
But they are also worried because this change might make it more expensive to buy land, especially for people who are buying a home for the first time.
A lawyer said the government should not change the prices too much because it should be based on what people are really paying in the market.
The AP government revised land market values in urban areas from February 1 to align with prevailing rates.
The Confederation of Real Estate Developers Association (CREDAI) welcomed the move but cautioned about potential increases in registration costs.
The proposed 10 to 15 percent increase could dampen buyer sentiment and add financial pressure on small and medium builders.
CREDAI noted that the revision reflects improving growth outlook and investor confidence in urban centers like Visakhapatnam.
Higher market values could translate into higher transaction costs, influencing purchase decisions, particularly among first-time and middle-income homebuyers.
- Who
- Confederation of Real Estate Developers Association (CREDAI) and the AP government
- What
- Revision of land market values in urban areas
- When
- Effective from February 1
- Where
- Visakhapatnam, Andhra Pradesh
- Why
- To align official valuations with prevailing market rates and augment state revenues
- Location
- Visakhapatnam, Andhra Pradesh
- Organization
- Confederation of Real Estate Developers Association (CREDAI)
- Revision Date
- February 1
- Proposed Increase
- 10 to 15 percent
- Impact
- Potential rise in registration costs and buyer sentiment