R
eal estate traders in Andhra Pradesh are struggling despite the change in government. Many had expected a boost under the new TDP-led alliance, but past policies implemented by YSRCP, such as a mandatory five percent cut for the government, had already frustrated traders.

    Local YSRCP representatives allegedly demanded hefty sums from realtors, making business operations even more difficult. Delays in sand supply further slowed down apartment construction, leaving builders struggling to complete projects. Traders hoped for better conditions under the new alliance but saw no improvements.

    Land prices have plummeted, particularly in Kadapa, where a cent of land that once sold for ₹5 lakh now costs ₹1-2 lakh. Builders are also struggling as apartment plots remain unsold. The new government has eased construction regulations, but traders still face issues with local representatives' greed.

    Officials allegedly demand bribes before approving new ventures, discouraging realtors from investing further. Many traders question the viability of staying in business if they must constantly satisfy political leaders. Tirupati is an exception, where the market remains somewhat stable due to unique economic conditions, but growth has been minimal.

    The statewide real estate slump shows that political change alone does not guarantee economic progress, leaving traders frustrated and uncertain about their future.