Complex sentence: Due to the recent boom in real estate and government development projects, the farm lands in the 2km stretch between the village and Ongole have been converted to housing, which has helped many families of the village to raise their economic status.
Split into simpler sentences: Due to the recent boom in the real estate and government housing schemes, the farm lands in the 2 km stretch between the village and Ongole have been converted to housing plots. The real estate boom has helped many families of the village to raise their economic status.