The third largest city in Andhra Pradesh, Vijaywada offers great connectivity and houses an industrial area that is growing at a tremendous rate. Parallel to the growth in the IT sector, the Vijayawada real estate industry is also picking up, offering you a profitable investment opportunity.
There are several infrastructure projects that are in progress, offering lucrative amenities at affordable prices developing in conjunction with the infrastructural progress. For instance, the Gundugolanu village is now developed and is attracting investors because of the six-lane highway linking Vijayawada to NH-5 that passes through it.
So, if you’re looking to invest in Vijaywada, consider both top localities as well as top builders. For help when it comes to finding the right property in India and financing it with maximum convenience, approach Bajaj Finserv Homes and Loans. With a loan amount up to Rs.10 crore and assistance in finding the right home and getting the documents ready, you can complete your journey to become a homeowner easily and quickly.
To narrow down your options, look at this list of the top 5 localities that can qualify as the best bet for your money.
- Benz Circle
One of the most prominent landmarks on Bandar Road in Vijayawada, this locality is known to be one of the busiest places in the city. It gets its name from the office of the Benz company (a joint venture between Mercedes Benz and Tata Motors) which was located here. When the State government announced capital around and in this region, it became the richest place in Andhra Pradesh with land prices rising to Rs. 1.2 lakh per square yard.
It is likely this region will rise in pricing even further, making an investment in real estate here more profitable. Benz Circle is also located the intersection of two national highways the NH5 and NH9. It is witnessing a 20% increase in value of real estate with the average price per sq. ft. of Rs. 6,381.
Located around 20 km away from Vijayawada along the NH 5, Gannavaram offers a range of residential plots for investing in. Its large infrastructure developments like the IT Park in Kesarapalli, the inner ring road, and the outer ring road are also driving up prices of real estate. The average cost of an apartment here is Rs. 16,779 per sq. ft. while that of a plot is Rs. 3,686 per sq. ft.
- G Konduru
A village in the Krishna district, G Konduru is well connected to nearby cities and towns such as Mangalagiri, Nuzvid, Hanuman Junction with road and rail. It is developing at a rapid pace, which has resulted in the increase of market prices of land with an average price of Rs. 2,522 per sq. ft. It also has efficient road connectivity with the four national highways. The Vijayawada airport is also easily accessible and is only 32 km away from G Konduru. Social infrastructure here includes government schools, private schools, health care facilities and banks, making investment in a home a family-friendly decision.
- Kanuru Road
This is a busy neighbourhood of Vijayawada like Tagidappa, another populous neighbourhood, and is known to be a centre of education. The average literacy rate here is 85.07%. The nearest railway stations to Kanuru are Nidamanuru and Uppalur while the Vijaywada junction station is less than 15 km away. The average price for plots here are Rs. 3000 per sq. ft., which are sure to appreciate in value over the next decade.
Sanathnagar is a locality in Vijayawada that is located near Ashok Nagar, Kanuru, Ramalingeswara Nagar, and Guru Nanak Colony. It is known for its industries, especially SMEs that deal in sectors including chemical, electrical and mechanical works as well as its pharma companies and automotive servicing centres. It also has a TSRTC bus terminal and an MMTS station for traveling convenience. You can invest in a wide range of residential projects here at around Rs. 2000 to Rs. 6000 per sq. ft.
Now that you have an idea about the prices of Vijayawada real estate, it is time to invest in the best localities and make the most of your money. You can consider investing in properties developed by Ramakrishna Venuzia, KMV Group, Manjeera Monarch, and Aruna Developers for the best returns.