Telangana: Land prices around Ramappa Temple up by 100% | Hyderabad News – Times of India

PALAMPET (MULUGU): The world heritage site tag for Ramappa Temple has come as a boon for landowners of Palampet — the small village in the Mulugu district of Telangana, that houses this 13th century structure. Within a week of this Unesco honour, agricultural land here has seen a 100% rise in rates, jumping from Rs 20 lakh to Rs 25 lakh an acre to Rs 40 lakh to Rs 45 lakh per acre. These prices, locals say, have been unheard of in that area.
Particularly in demand are land parcels dotting both sides of the six-km-stretch between Palampet and Venkatapur, say locals. And among those showing interest in investing here are retired government employees and non-locals, claimed Krishna Reddy a resident of Palampet village. In fact, several long-time residents of the area said that prospective buyers from cities across the state are approaching farmers there, hoping to strike a deal. “Needless to say, farmers are elated. They are also keen on selling their land, given the price being quote,” said a local trader.
“We are hoping that those who buy the land will develop commercial establishments like hotels and restaurants around the heritage site. That will not only add to the tourism value of the area but also create job opportunities for the local youth and, in the process, support livelihoods of people living here,” said Doli Rajitha, the sarpanch of Palampet. The sarpanch also hoped that a part of the earnings would be utilised for the development of the village.


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