YS Jagan Mohan Reddy has been claiming Vishakapatnam as the capital ever since he came to power. But judicial problems are hindering the plan.
Since recent days, there have been rumors that the Prime Minister will build a camp in Vizag and the work will start from there in October.
Meanwhile, the YS family started a real estate business in Vishakapatnam.
Jagan’s uncle Ravindranth Reddy was one of the partners in this project. He is the last brother of YS Rajasekhara Reddy.
They formed a company called Augment Reality LLP for this project.
They are planning to build villas on eleven acres in Kapulapaadu.
Kapulapaadu is the place that is rumored to be the capital city from the beginning. Each villa in this project is expected to cost between 3 Crore and 6 Crore.
Sixty-two shops are coming up and each villa is 400 to 600 yards with 6,500 square feet of construction space. Construction will be completed in April 2024.
The opposition has started alleging that the YSR Congress and its leaders have amassed large tracts of land in Vishakapatnam and have declared the city as the capital in their favour. They say, this is proof of their accusations.
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