Planning to purchase an Apartment in Guntur? Go for it now!
Guntur has all of a sudden become the focus of attention following the decision by the Andhra government to declare Vijayawada as the capital of the State. Due to the large parcels of government land that Guntur has, it is expected to be chosen for developing important infrastructure facilities as well as government establishments. The realty sector of the city is also expected to benefit tremendously as a result. Buyers interested in investing in apartments in Guntur can avail of them at existing prices. CommonFloor has an array of listings for both First sale and Re-sale apartments.
Options Galore
The proportion of First sale and Re-sale apartments available in Guntur is almost similar, with First sale apartments being slightly ahead in number. You can find apartments in different BHK and size configurations ranging from 12 lakh to 1.2 crore. Prices of 1 BHK apartments between 400-600 sq. ft. ranges from Rs 15-30 lakh, even though they comprise only a minority of the total available apartments. Prices of 2 BHK apartments between 800-1500 sq. ft. which constitute more than half the number of apartments available here ranges between Rs 30-70 lakh. Prices for 3 BHK apartments between 1500-2000 sq. ft. ranges between Rs 50 lakh to 1.2 crore.
Popular Areas
Some of the areas across the city where you can find First sale apartments in large number s as per CommonFloor listing data are Nallapadu, Bapatla, Brodipet, Arundelpet, Vidhyanagar, Shyamala Nagar, Venugopal Nagar and Mangalgiri, among others. Areas with the availability of large number of Re-sale apartments are Nallapadu, Tadepalli, Brodipet, Navabharat Nagar, Amaravathi Road, AT Agraharam, Arundelpet and Pattabhipuram, among others. Developers for completed apartment projects include Raintree Park Dwaraka Krishna, along NH-5, developed by IJM India Infrastructure, and Hiway Towers (Tadepalli) developed by Vishnu Builders, among others.
Future Prospects
Given the realty prospects expected in the city in the near future, it would make an ideal investment decision to invest in apartments in an area where major infrastructure projects are expected. Both end-users as well as investors stand to gain from such an investment. While end-users can enjoy an abundance of infrastructure facilities, investors can expect healthy returns on their investments. Investors can expect high appreciation for rental and sale property in the near future. Developers can also expect good margins for projects developed here. Hence, investing in apartments in the area presents a win-win proposition for all concerned. With a host of apartment options available on CommonFloor.com, buyers can expect find a good deal.
