Property In Gannavaram A Good Investment Proposition

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.

Investing In Flats In Benz Circle A Good Investment

Many investors are keen to invest in Vijayawada properties as they have given a good rate of appreciation in the past. One of the best areas of investment is Benz Circle. The area got its name as previously there was a Benz Company located near the junction. Later Benz Company was relocated but still people prefer to call this junction as Benz circle. Benz Circle is one of the busiest junctions in Vijayawada as a result the demand for property in Benz Circle is always high. Among all the Vijayawada properties the property in Benz Circle is the most sought after proposition.

As two national highways the NH5 and the NH9 intersect at Benz Circle, one sees a lot of activity in the region. This is the reason why investors show a lot of interest in flats in Benz Circle. Infact in the recent times property in Benz Circle had been in news as property prices of the area have seen a drastic hike. Some people were comparing rates of flats in Benz Circle with well-known localities of Hyderabad. The prices of properties in Vijayawada have always given a good appreciation and the same trend was seen for flats in Benz Circle.

Properties in Vijayawada have rarely seen a correction in property prices. The properties are termed as a good investment as they also earn a good rental income. Some localities of the city have given a better rate of appreciation that offered by cities like Hyderabad. Investing in Vijayawada properties can give better ROI and this is the reason why investors are looking towards the region. Apart from Benz Circle one can also look to invest in other localities of Vijayawada. To know more information one can visit Price trends on Makaan.com to gain an insight on properties in Vijayawada.