Gannavaram is one of the prominent areas is real estate in Vijayawada that has attracted a lot of interest. Recently a huge hike was seen in property in Gannavaram as the government announced that the airport will be connected with the upcoming metro. As metro will connect the area to the important locations of the city flats in Gannavaram have started commanded high rentals. Many builders looking at the growing demand for flats in Gannavaram have started building and launching projects. Many affordable projects are coming up in this part of Vijayawada real estate. Speculation and investor activity has also boosted this area in real estate in Vijayawada.
Overall the land prices in Vijayawada real estate have been increasing and the same trend was seen for property in Gannavaram. As the Gannavaram airport is set to become international the prices for flats in Gannavaram have started to increase. The government has planned to expand the airport and therefore the government will have to acquire an additional land. Around 470 acres of land will be required for the expansion of the airport. A huge price appreciation is being witnessed in the area; the rentals have also seen a rise.
The prices of property in Gannavaram have appreciated by an average of 20%. Currently one can buy residential plots at around Rs. 2000 to Rs. 1500 per square feet. Apart from investing in property in Gannavaram one can also invest in other localities of the city. Real estate experts believe that the prices of flats in Gannavaram will start to increase rapidly once the Metro is functional. Other localities of real estate in Vijayawada their appreciation trends can be tracked online on price trends on Maaan.com Vijayawada real estate and their ongoing price trends can be seen online on property sites like Makaan.com.
Overall the land prices in Vijayawada real estate have been increasing and the same trend was seen for property in Gannavaram. As the Gannavaram airport is set to become international the prices for flats in Gannavaram have started to increase. The government has planned to expand the airport and therefore the government will have to acquire an additional land. Around 470 acres of land will be required for the expansion of the airport. A huge price appreciation is being witnessed in the area; the rentals have also seen a rise.
The prices of property in Gannavaram have appreciated by an average of 20%. Currently one can buy residential plots at around Rs. 2000 to Rs. 1500 per square feet. Apart from investing in property in Gannavaram one can also invest in other localities of the city. Real estate experts believe that the prices of flats in Gannavaram will start to increase rapidly once the Metro is functional. Other localities of real estate in Vijayawada their appreciation trends can be tracked online on price trends on Maaan.com Vijayawada real estate and their ongoing price trends can be seen online on property sites like Makaan.com.
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