2 BHK Apartments more in vogue in Guntur
Guntur has been in the limelight of late, following the decision by the Andhra Pradesh government announcing Vijayawada as the new capital of the bifurcated State. The government is in favour of developing the new capital in Guntur due to the availability of large parcels of government land in and around the city. Besides, its proximity to Vijayawada and the proposed Ring Road connecting Vijayawada with Guntur have acted in its favour. They panned out as clinching factors for the government to take a strong decision in favouring Guntur to develop major infrastructure facilities and government offices of the new capital.
Guntur has been exalted to such a high pedestal that the city stands to benefit immensely in realty terms. Prices of land have already risen by several notches compared to what it was a few months back. Upcoming apartment projects are also following suit. Even though these are speculative prices, there are many takers for many of these projects, especially among investors. Even at existing prices they can expect healthy returns in the long run considering that prices are expected to go uphill within the next year or so. There are various Completed and Upcoming apartment projects that are listed with CommonFloor.
2 BHK Apartments Dominate
A major proportion of these are2 BHK apartments. They constitute about 57 per cent of the total listings for apartments available for sale in Guntur as per CommonFloor listing data. This includes both First Sale as well asRe-sale apartments. For First Sale apartments, 2 BHK units constitute about 40per cent of the total units listed while forRe-sale apartments, it is a whopping 76 per cent. Prices of 2 BHK apartments between 800-1500sq. ft. ranges from Rs 25-50 lakh, with exceptions included. Some of the prominent Upcoming 2 BHK apartment projects in Guntur are Sreemitra Heights in Chilakaluripeta by Sreemitra Township Pvt Ltd, Kondapaneni Towers along NH-5 by Vishnu Builders, Sri Chakra Residency in Tadepalli by Live Well Constructions, NCC Park Square in Uma Maheshwari Colony by NCC Urban Infrastructure, Sitaram Township along NRT Road by Sitaram Constructions and Lakshmi Nilayam in Devapuram by Lakshmi Priya Constructions, among others.
Future Prospects
The future of Guntur as a realty destination holds great promise. To cater to this rising demand for residential property, many developers are coming up with prestigious apartment projects across the city. Considering that the dust and din with regards to speculative pricing has sort of settled down, buyers can expect to buy residential projects at more stable prices in 2015 compared to 2014. With 2 BHK apartments offering all the required features to buyers at relatively affordable rates compared to higher configuration units, it would be a wise decision to invest in a 2 BHK apartment in Guntur. While end-users can expect world-class facilities in future, investors can get healthy returns. You can check out the listings for 2 BHK apartments in Guntur at the CommonFloor site.
