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Information about market trends is absolutely necessary to invest in However, the experts and analysts have predicted that important areas like Sholinganallur, Avadi, Mannivakkam, and many others in the Southern Chennai are currently the most desirable locations to invest and buy property. the real estate. Vijayawada properties currently are at its highest best with average prices ranging from Rs. 41.2 Lakhs with almost 22 locations reflecting an upward trend since last 6 months. Ramakrishna Venuzia is one such high rise project offering 3 BHK apartments and Villas in Guntur, Andhra Pradesh.
After demonetization, real estate India market has increased the hopes of investors and buyers. Here are some of the best locations for booking, investing or buying a property in Vijayawada:
Gannavaram
The proposed plan for making the airport international in next three years, is going to increase the rates of the land along the NH 5 line to Vijayawada. Residential units in this areas have already witnessed a rise of almost 16% three years back. Since, then the residential housing segment has seen a considerable increase in providing quality and quantity, both. High quality flats for sale in Vijayawada are coming up in Vambay Colony with the Government’s plan of constructing 76000 more houses. The commercial property segment has also become prominent in with increased inflow of capital making it a seller’s market.
Benz Circle
Known as one of the busiest places in Vijayawada, the place has become a significant landmark due to the establishment of Benz Company. Connected along with two major highways, NH5 and NH9, the rates of properties in this place have increased immensely in the recent years. Retail markets in many areas have come up with malls and lifestyle stores by some of the big brands. Around 2 acres of land in close proximity to Vidhyadharapuram bypass is the latest project which has been funded for the construction of many commercial and residential properties.
Poranki
Situated at an equal distance from both Gannavaram and Vijayawada at 6 Kilometers, the place has become a home to many big residential projects. The main areas of Vijayawada real estate, grabbing the eyeballs of many people include Telaprolu, Sanath Nagar, Kanuru Road, and Konduru among others. The sudden increase in the prices has also led the government to take some initiatives such as banning the conversion of agricultural land for construction of Villas. Plots also have to be registered in advance. The steps taken have only benefitted the buyers making the place investable.
Amravati
Vijayawada real estate has rapidly emerged as one of the most organized and vibrant segments. It has left behind many other cities in terms of rise in appreciation and market values. The upwards trend of prices is estimated to rise more in the upcoming quarters. The infrastructure has been developing speedily with the launch of BRTS and Metro lanes covering a distance of 1692 kilometers. Around 3820 multistoried apartments are already undergoing construction and almost 194 bungalows would be ready in next 2 years.
Bajaj Finserv offers the investors all around the country to invest in some of the finest properties by providing them a complete guidance and assistance from selecting to finally signing up the deal which best suits them. Their home loans are easy and quick starting from Rs. 30 Lakhs to 10 Crore. Vijayawada has emerged as a buyer’s market by providing its customers with quality residential projects equipped with luxurious features. Customers lives are on their way towards a major transformation with big projects like Ramakrishna Venuzia offering 2 and 3 BHK apartments in affordable price ranges. All these things make Vijayawada a dream destination to invest in some good property to reap good benefits in the future.
Provident Park Square is a project of Provident housing, a subsidiary of Puravankara Limited.
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Updated on September 28, 2018
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