Overview Of The Residential Property Segment And Rent Prices In Vijayawada

Andhra Pradesh is a sparkling case of the IT upheaval clearing India. Blessed by the gods with mineral and horticultural riches, AP left on a change transform in the 1990’s to make Information innovation, cowhide products, mass medications and pharmaceuticals, designing, agro handling, materials, pearls and gems the foundation of its economy. Commercial and private property in Andhra Pradesh has received a push from the few Industrial Parks which incorporate the Apparel Export Park, Export Promotion Industrial Park, Vishakhapatnam Export Processing Zone, Bobbilli, Growth Center, and Hardware Park close to Hyderabad.

About Real Estate Vijayawada

Vijayawada is known as “The City of Victory” which lays around 257 kms from Hyderabad on the banks of River Krishna. The city is seeing high development in its business and modern perspective. Both commercial and residential properties are coming up rapidly from the major real estate developers. There is a massive scope of real estate in the city of Vijayawada.

Residential property segment

The residential property fragment in Vijayawada is becoming both subjective and quantitative. The rate of development in Vijayawada is evidence which is ascribed to the accentuation laid on infrastructure and real estate development. The city is quickly grasping the new ideas in land, for example, Residential Townships.

New houses promising most noteworthy quality development are to come up at Vambay Colony, as the present houses have been discovered to be of lower quality. The Vijayawada Guntur Tenali Mangalagiri Development Authority (VGTM-UDA) is planning to construct more than 76,000 houses in Vijayawada and Tenali under Rajiv Swagruha plan. The authority has recognized 600 acres of land ashore in Nunna, Kesarapalli, Kotturu Tadepalli and Nidamanuru zones on edges of the city.

Township:-

A striking project coming here among the upcoming ones is an elite Township to be developed under the joint venture between Vijayawada Guntur Tenali Mangalagiri Urban Development Authority (VGTM-UDA) and Arihant Foundations and Housing Ltd including a venture of Rs 650 crore, the Township will incorporate more or less 4.6 million sq ft. private and business complex. It has been planned to come up on the Guntur Road, 12 km from Vijayawada.

Residential Property Price Trends in Vijayawada

1. Benz Circle, Vijayawada
     Comparatives – Apr-Jun 2015
Highest Locality Price: Rs 5,963 per Sq-Yrd (25% Trends Down)
Average Locality Price: Rs 4,677 per Sq-Yrd (17% Trends Down)
Lowest Locality Price: Rs 3,392 per Sq-Yrd (3% Trends Down)

2. Gannavaram, Vijayawada
     Comparatives – Apr-Jun 2015
Highest Locality Price: Rs 11,666 per Sq-Yrd (6% Trends Down)
Average Locality Price: Rs 9,744 per Sq-Yrd (4% Trends Down)
Lowest Locality Price: Rs 7,822 per Sq-Yrd (1% Trends Down)

3. Kanchikacherla, Vijayawada
     Comparatives – Apr-Jun 2015
Highest Locality Price: Rs 9,935 per Sq-Yrd
Average Locality Price: Rs 8,355 per Sq-Yrd
Lowest Locality Price: Rs 6,776 per Sq-Yrd

A family or individual house for rent in Vijayawada is easily available in areas like Kesarapalle, Ramavarapadu Ring, Patamata, Radham, Kankipadu, Poranki, Machavaram, Kanuru, Kabela and many more.

An overview of the rent prices

  • A 2BHK individual house measuring 1450 sq.ft for rent at Kesarapalle will cost Rs 8,000.
  • A 1BHK individual house measuring 750 sq.ft for rent at Kanur will cost Rs 5,500.
  • A single room measuring 200 sq.ft for rent at Bharati Nagar will cost Rs 4,500.
  • A 2BHK house measuring 900 sq.ft for rent at Ramavarapadu Ring will cost Rs 8,000.
  • A 2BHK individual house measuring 1000 sq.ft for rent at Patamata will cost Rs 8,500.

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