Vijaywada better than Hyderabad in real estate?

Q: I hear that property prices in Vijaywada are higher than that of Hyderabad? Can I have more info on this as I am looking to invest in this region and i want to make the best decision. Because i feel both places have great potential. But I am unsure where to invest.

Raghav Karra, Hyderabad

11th September 2014

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Replies (9)

Right now situation might not be good in Vijaywada. But there are plans of developing 3 mega cities and 14 cities soon. When that happens, it will be best time for you to invest in Vijaywada. As of now, it is a little risky because I think there is too much supply of property but barely any demand for it. But still prices are very high.

Srinivasan Rao, Hyderabad

11th September 2014

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I suggest you don't invest in Vijaywada at the moment. Recently my relative bought a piece of land in Vijaywada and he made all the payments and everything. Then when he went back to the land owners to claim his property, they started demanding more money.

Ashok Sharma, Hyderabad

11th September 2014

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Realty prices are higher in Vijaywada than in Hyderabad as of now. Similar incident happened in Shamshabad. When new airport came up, many people had bought cheap land thinking it will be good for investment. But then prices appreciated only for a short while and again there was inactivity. So it wasn't feasable to do anything on that land. This was in 2007 - 2008.

Asif Khan, Hyderabad

11th September 2014

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But economically how does this land appreciation make sense? Because Vijaywada lacks social infrastructure. That's why companies, important businesses and shop keepers refuse to set up base here. Facilities are not there but still prices are so high. It's strange.

Medha Mammidipuddi, Hyderabad

11th September 2014

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The current prices are that high? Yeah I've heard land is now costing 4,500 per sq.ft in outskirts of Vijaywada. You can no longer sell land for 2500 per sq feet. But peoples purchasing power also is not so high to actually buy such expensive land.

Radha Reddy, Hyderabad

11th September 2014

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When it was estimated that the new capital will comu somewhere between Vijaywada and Guntur, many realtors, investors, developers bought cheap land in Vijaywada which cost about 5 to 10 lakh an acre in Vijaywada. But now you won't find anything below 5 crore.

Ashok Kolluru, Hyderabad

11th September 2014

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What? But that's so expensive! That's the same price as the posh locality of Banjara Hills! People definitely will not be able to afford property in Vjaywada then.

Shilpa Vydyula, Hyderabad

11th September 2014

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The rising prices in Vijaywada could also affect Naidu's plan of making the area around Vijaywada as state capital. See outskirts of Vijaywada prices for apartments are between 2500 to 3500 per square feet. Within Vijaywada, still there are not many high rise apartments, but nothing can be sold for less than 9000 per sq feet.

Apsara Ivaturi, Hyderabad

11th September 2014

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Hey yes. Real estate prices in Vijaywada have skyrocketed. Within a 15 km radius from the locality's centre, it is impossible to get land costing anything less than 10 crores. This is much higher than Hyderabad. And in the last 8 months, prices have doubled to 1.3 lakh per sq yard.

Siddarth Mamanthur, Hyderabad

11th September 2014

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