Office space rates increase in Vijaywada?

Q: Hey can someone tell me about the commercial property prices in Vijaywada? Why has it increased of late? Is this a good for its real estate sector?

Shiva Kumar, Hyderabad

5th September 2014

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Replies (7)

Lot of good infrastructure facilities are there in Vijaywada like educational institutions, 3 major power stations, automobile and tobacco manufacturing units and so on. That is why this area is gaining lot of prominence. Investing here is definitely worth considering.

Kamala Reddy, Hyderabad

5th September 2014

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Yeah the developers in Andhra are looking forward to growth and development of Vijaywada- Guntur stretch as this is emerging as the next big 'hot' real estate corridor.

Govind Naidu, Hyderabad

5th September 2014

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It is mainly because of the region's geographical status that it is considered for bing the new capital. Other places like Vishakapatnam, Tirupati and Ongole no longer are in the running for this status.

Krishna Rao, Hyderabad

5th September 2014

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I think main reason why demand is increasing so much for property in Vijaywada is because it is strategically located, in the centre, and is close to all important places. Also lots of infra projects are being undertaken in this region.

Ramesh Gullapalli, Hyderabad

5th September 2014

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Property rates are already pretty expensive. Apartments costs between Rs 5000 to 5500 per square feet. Pretty soon this will appreciate further.

Lata Rao, Hyderabad

5th September 2014

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Even residential property prices have increased since August of last year. Corporate housing developers in Hyderabad are intersted with investing and developing properties in Vijaywada now because it has a lot of potential and may be the next big business hub of the state.

Lokesh Gowda, Hyderabad

5th September 2014

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Hey since Vijaywada is the potential capital of Seemandra, property prices are bound to rise. Until June last year, commercial property could be procured at Rs 15 per square feet. Now that some property will cost you Rs 50 per square feet.

Sriram Gowda, Hyderabad

5th September 2014

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