Real eState
Jagan clears path for real estate boom in Amaravati!..
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If the Y S Jagan Mohan Reddy government in Andhra Pradesh has its way, Amaravati, the present capital region of the state which has been lying in a state of utter neglect, is set to witness a big boom in the real estate sector.
On Monday, the Jagan government issued an order removing a condition imposed by the previous Telugu Desam Party government on granting permission for layouts for construction of residential apartments within a distance of 500 metres from the existing villages.
Apparently, the condition was imposed as part of the masterplan of Amaravati capital region, in order to prevent haphazard construction of housing apartments and buildings so that more land would be available for the capital city.
Now that the Jagan government has decided against developing Amaravati as the only capital city of the state, there have been proposals from the AP Capital Region Development Authority (APCRDA) to do away with this 500 metres restrictions on constructions.
Even the real estate companies have been asking for the government to remove the condition so that they could develop the land for housing projects. After examining the proposals, special chief secretary (municipal administration) Y Srilakshmi issued orders to that effect.
Accordingly, the real estate projects can take up layouts even beyond 500 metres from the existing villages, so that more land would be available for real estate dealers for constructing high rise apartments and commercial buildings.
The officials are arguing that it would not only result in large scale development of Amaravati but also fetch huge revenues to the government in the form of layout fees, stamp duty and registration fees.
So, one can expect Amaravati turning into a huge real estate market soon!
Real eState
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Back in 2014, we featured 325 Perth Ave. as the house of the week, boasting how great of a catch it was with its open concept layout, basement apartment, and deep backyard.
Nine years later, it’s had a massive glow-up and is now better than ever.
Listed for $1,899,000, 325 Perth Ave. underwent the renovation of a lifetime back in 2021.
The living room with custom built-ins.
“The owners bought this house in 2014 against 32 other offers and for 133 per cent over asking price, and the media debated heavily at the time if it was a smart decision,” realtor Maggie Lind told blogTO.
But they really made the best of their decision and in 2020, they began a renovation to add a 16-foot addition, build a laneway suite and gut the main floor.
The primary bedroom ensuite bathroom.
But then the pandemic hit.
One of three bedrooms in the main house.
“Because of COVID the laneway house was completed first, and the owners, and their two boys (both under 6) moved into it, even though it was only 350 square feet. Each night they went back to the construction to sleep in the two bedrooms on the second floor,” added Lind.
The kitchen.
The sacrifice was worth it, though, as the renovated home is gorgeous.
The dining room.
The main floor, with an open-concept floor plan, wide plank white oak flooring, and custom built-ins, is beautiful.
The hidden powder room beside the dining room.
There’s also a cheeky hidden powder room on the main floor and the custom kitchen is sleek and modern with quartz counters.
The family room.
The 16-foot addition at the back of the house is now a cozy family room that walks to the back garden and is filled with natural light.
What was formerly the primary bedroom is now another bedroom upstairs.
Upstairs, there are three bedrooms, including a completely new primary suite.
The new primary bedroom.
It has soaring ceilings, double closets, and an ensuite bathroom with a deep soaker tub, walk-in shower, and double vanity.
The lower level unit.
The basement has a separate entrance and could be used as an income-generating space as it has a kitchen, bedroom and bathroom.
The bedroom in the basement.
And if one income-generating space wasn’t enough, there’s also the laneway house at the back of the property.
The laneway house with a garage.
The laneway home is similar in design to the main house – modern, bright, and airy.
The kitchen in the laneway house.
It’s a studio apartment with about 400 square feet of living space, as well as parking and a storage room. It also has its own laundry, making it ideal for tenants and guests alike.
The backyard with storage.
Currently, the laneway house is tenanted for $1,700 a month.
The back of the house with two decks.
This home really went from a snack to the full meal deal.
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