In a complete contrast to the current trend, the new state of Andhra Pradesh is opening doors for reports, headlines "black money" even indirectly. At one point, the whole nation is crying foul on the black money unaccounted possessed as prime minister Narendra Modi-government and the Supreme Court made it clear that they are strongly committed to bringing the holders of "black money" under Book the truncated state is proving to be the new destination for the "investment" of the holders of black money. This is not all. The important note that needs immediate consideration is that several owners of black money have a "great" opportunity to convert their "black money" in white. Confused ??
Well, we'll tell you how. While the cost of the land around proposed AP capital, according to government records, is around Rs 4 lakh Rs 12 lakh per acre, the market rate of the land is reportedly between a whopping Rs 80 Lakh to Rs 1 crore thus resulting in pumping Rs 90 Lakh black money eventually becomes "white". Buyers are said to be flocking to buy land around the capital of AP so they could have a land and also convert their unaccounted money into white. "It's like shooting two birds with one stone," said a market analyst in the current edition. Moreover, buyers are very interested in the lands that are sought by the PA government landpooling as buyers want to get their share of the 1,000 square meters of urban land.
This is said to be a mad rush to buy the land requested for the sharing by the government of Andhra Pradesh. Investors are queuing up to Tullur and Mangalgiri to buy land from farmers and then give it to the state government. Revenue Officials also predict the same and according to records, local records have increased abnormally. Especially people of Hyderabad, Telangana and other parts of Andhra Pradesh are running after the farmer who owns land within the perimeter AP capital. The trend AP government increased dramatically announced shortly after the borders of the capital. This is certainly ironic and difficult situation as all three - farmers, buyers and the government of AP is benefiting visibly out of this in one way or the other. But towards the end, it's all black money being pumped greatly and change hands in a big way.
