Pithapuram emerged as a prominent assembly constituency after Pawan Kalyan announced his candidacy there. Initially, there were doubts about his chances, but those were dispelled when he secured victory with a majority exceeding 70,000 votes.
Following his electoral success in Pithapuram, Pawan Kalyan purchased 3.5 acres of land near the Illindragada region. He intends to establish his camp office and residence there. Additionally, there are reports of his plans to acquire another 16 acres in the same area, with preliminary talks underway with local farmers.
Pawan's significant land acquisitions have sparked a boom in the local real estate market. His interest in large-scale land purchases, coupled with his plans to attract investments from his associates for setting up software firms and other ventures in Pithapuram, has further energized the area's economic prospects.
The demand for land, particularly near Pawan's newly acquired properties, has surged, with reports indicating prices as high as Rs 2 crore per acre for roadside plots. This unexpected growth in property values is seen as a positive outcome of Pawan Kalyan's electoral success and his development vision for Pithapuram.
As Pawan continues to encourage economic development in the region, including job creation initiatives through investments in various sectors, the local economy and real estate market are expected to continue thriving.