Why have Amaravati's real estate prices surged up to 100% after election results?

The real estate prices in Andhra Pradesh's Amaravati have seen a surge of 50-100% following Lok Sabha poll results. The sudden spike is attributed to the growing anticipation surrounding the city's potential designation as Andhra Pradesh's capital. During his previous tenure as CM, Chandrababu Naidu had planned to build Amaravati as a greenfield capital with an investment exceeding ₹50,000 crore.