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The demand for commercial and residential property and real-estate in Andhra Pradesh has increased significantly in the last decade because of several measures taken by the Andhra Pradesh government. This included setting up of several Industrial Parks which include the Export Promotion Industrial Park, Information Technology Parks, Apparel Export Park, etc. The Total area of the state is about 275,068 square kilometers. Andhra Pradesh has been promoted successfully to the multinational companies, especially IT companies. As more and more professionals and NRI started arriving in the state, the prices of real estate and property increased. With so much real-estate activity and opportunity available, investors found Andhra Pradesh a good investment opportunity. Property developers are working on housing projects in Hyderabad, Anantapur, Vishakapatnam and Vijaywada. Several new real-estate projects are being proposed to further
develop the infrastructure of the state. The Andhra Pradesh Housing Board has approved the construction of several thousand more housing units to accommodate the growing urban population of the state. -- Recent News -- A multi-product SEZ (Special Economic Zone) covering an area of about 5000 acres is to be developed on the National Highway-5 in Nellore district of Andhra Pradesh.
More facts about Andhra Pradesh Andhra Pradesh is the 4th largest state in India by area and population. It has the longest coastline in India of 970 kilometers. Telugu is the regional and official language of the state. The largest and the capital city of Andhra Pradesh is Hyderabad. It is bordered by Maharashtra, Chhattisgarh and Orissa in the north, the Bay of Bengal in the East, Tamil Nadu to the south and Karnataka to the west. Andhra Pradesh is the largest producer of rice in India, which is why it is sometimes referred to as the "rice bowl of India" It is also a leading producer of cash crops like Jute, Tobacco, Groundnut, Turmeric, Chillies, Oilseeds, Cotton, and Sugar. Guntur is well known for its tobacco, chilli and cotton industries. About 70% of the workforce in the state is dependent on agriculture. The mineral wealth of Andhra Pradesh consists mainly of asbestos, barites, coal, chromites, iron ore, kainite, mica and china clay. It ranks second in India in terms of mineral wealth. |
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