A look at some of Andhra’s top realty hubs

Andhra Pradesh is one of the leading states in the country in terms of job opportunities and providing a great quality of life. Here is a look at some of the cities in state and their real estate scenarios.

Tirupati

While most know Tirupati as the temple city that draws lakhs of pilgrims every years, not many would know that it is also a major educational hub with several universities and colleges including state government and Tirumala Tirupati Devasthanam sponsored medical, pharmacy, agricultural and engineering colleges in the city.

Tirupati’s road and rail connectivity coupled with its accessibility to Chennai, Bangalore and other nearby districts. It is being groomed as one of the commercial hubs of the state with an Information Technology Investment Region (ITIR) being planned in the city.

Real Estate Scenario

According to sources, with the government announcing an IIT, IISER (Indian Institute of Science Education and Research) and a Central University for Tirupati, real estate prices are expected to rise by 10 per cent over the next few months.

Visakhapatnam

Vishakapatnam, also known as Vizag has all the qualities to become the financial capital, IT hub, cinema center and tourism center of Andhra Pradesh.  Besides Hyderabad, it is the only city with two ports, an international airport as well as good railway connectivity. Over the past few years, Vizag has already established itself as a strong IT hub with the government planning an IT incubation center, and an ITIR spread over 12,000 acres. Besides this Vizag is also considered a hub for education with many state-run schools, private institutions, missionary schools and colleges.  Plans are further afoot to set up an IIM and an IIT in the city. With a well-developed retail and hospitality sector, Vizag is witnessing unprecedented growth. The city has a good cosmopolitan crowd, with a mix of all communities and hence is considered a good option by the migrant community as well.

Real Estate Scenario

Real estate prices in this port city have been zooming northward with prices increasing by 10 to 15% during the last couple of months. Properties are becoming popular here by the day.

Vijayawada

Known as the ‘commercial capital’ and also ‘political capital’ Vijayawada is also has great economic prospects and is famous for agro products processing, automobile body building, hardware, textile, consumer goods and small scale industries.

With good quality schools and colleges, Vijayawada is also an educational hub. The city is well-connected by railways and is the vital south-north link. It is the only city in residuary Andhra Pradesh state with rail, road, air and water links with the rest of the state and country. Trains connecting all metros in India pass through.

Real Estate Scenario

This with developed infrastructure and superior connectivity, Vijayawada has everything that a developed city needs. However the real estate sector in the city is reaching a saturation point with skyrocketing prices making buying properties here unaffordable for the common man. According to the Greater Vijayawada Builder’s Association, the quoted price of a square yard of land in in Vijayawada city limits used to be Rs. 15,000 to Rs. 18,000 has grown to a staggering Rs. 1 lakh.

Advertisements