vijayawada real estate industry which was on ventilator ever since the outbreak of covid19 pandemic has suddenly been revived with the middle income group mig layouts proposed by the government real estate sector in and around krishna district faced severe crisis with uncertainty over capital around 6500 open plots in approved layouts were left unsold and many promoters sold plots for half the price to minimise losses during the pandemic major developers stalled works in their sites fearing losses as soon as the andhra pradesh capital region development authority took up the proposal for mig townships land value increased all of a sudden at gannavaram budhavaram mustabada vijayawada rural mandal kothuru tadepalli nunna and pathapadu as the government is offering 15 times the price of land many promoters started preliminary works to develop ventures near mig colonies a few top promoters are offering three times the actual land value to attract farmers many realtors are approaching us and offering up to 24 crore per acre though market value is just 90 lakh per acre kodali rambabu a resident of ajjampudi near gannavaram told toi