Its either good news or bad news depending on which way you look at it. However, Andhra Pradesh Chief Minister, Mr ChandraBabu Naidu has decided to built a temporary capital in Mangalgiri, near Guntur. The current common capital Hyderabad is turning out to be an operational nightmare. Chandrababu also wants to make sure he is closer to his current state and Magalgiri as a temporary capital solves this problem for him. Real estate prices became sky-high from the past 3 months and most of the companies are looking forward to setup their primary branch of Andhra Pradesh close to this area. Many companies have already expressed their interest to shift their base from Hyderabad to Andhra Pradesh.