Undavalli, Kunchanapalli Farmers Turn Agents – Earn Big Land Royalties

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The lands of Undavalli situated adjacent to the old Madras highway and those adjacent to Vijayawada-Chennai national highway between Vijayawada and Guntur are in high demand in view of the establishment of the new capital Amaravati . The landowners and farmers of these areas are going to benefit largely with the royalty which will give them extra income besides getting their fair share in the apartment deals.

A farmer from Kunchanapalli, V. Bhaskar Rao said that recently one of the farmer from their village was given 1.50 acre land for development, under which the developer was given Rs. 75 Lakh as royalty apart from 40 to 50 share ratio in the apartments. He added that this deal is very good for the landowners and farmers originating from the capital region. A retired employee, G. Yedukondalu of Undavalli said that previously there were only ordinary houses in Undavalli but now 25 apartments came into the village and several new apartments are currently under construction.

Besides this, realtors, builders and developers are offering 0.05 percent commission to the farmers who provide lands, operating as their agents. Big deals promise good income, with each deal of Rs. 50 lakh fetching Rs. 25,000 as a commission. Hence, several farmers are switching on to become the agents in Undavalli, Tadepalli, Kunchanapalli, Vaddeswaram, Kolanukonda, Vaddeswaram, Kaza, Mangalagiri, Peda Kakani and the remaining adjacent areas.



Article Categories:
Amaravathi · My City · News · Vijayawada
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