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Anantapur, Andhra Pradesh Property Guide
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Advertise property FREEAnantapur, Andhra Pradesh Real Estate
Anantapur, situated in the Anantapur district of Andhra Pradesh, is becoming a prominent residential and investment hub steadily.
Location and Connectivity
- Located on National Highway 44, one of India's longest highways, Anantapur connects well to major states such as Bangalore, Maharashtra, Punjab, Haryana, MP, Rajasthan, and others.
- The city benefits from the Guntakal railway division within the South Central Railway zone and buses from the Andhra Pradesh State Road Transport Corporation for reliable transportation.
Climate and Livability
- With a semi-arid climate, Anantapur is comfortable for living.
- Besides being near prestigious educational institutions, the city provides attractive sports facilities, enhancing its livability.
Population and Growth
- Census data from 2011 shows Anantapur has a population of 359,000, showing a rising demand for residential areas.
- The city is growing due to its connection to Bangalore, the "Silver Valley of India," and the presence of industrial hubs such as Kia Motors.
Real Estate Market
Property Prices
- Anantapur has affordable real estate prices, ranging from ₹2,125 to ₹13,333 per square foot. The average price hovers around ₹4,714 per square foot.
- Housing.com reports the starting price at ₹2,576 per square foot, an average of ₹5,107 per square foot, and the top-end price at ₹9,316 per square foot.
Popular Residential Areas
- Best residential spots in Anantapur include:
- Puttaparthi
- Tadipatri
- Palasamudram
- Chinmaya Nagar
- Syndicate Nagar
- Srinagar Colony
- Lakshmi Nagar
- Penukonda
Types of Properties
- You can find:
- Apartments
- Independent houses
- Villas
- Residential plots
Rental Market
- Rental properties in Anantapur start around ₹1,000 per month, with a range of options of different sizes and locations.
- Generally, rental prices range from ₹5,000 to ₹13,000 per month for 1-3 bedroom apartments and houses.
Investment Potential
Industrial and Employment Opportunities
- Anantapur is emerging as an industrial hub due to the presence of Kia Motors.
- Its proximity to Bangalore and good highway connectivity makes it appealing for working individuals.
Market Trends
- Real estate in Andhra Pradesh is growing, with a new property registration increase by 35% according to AP RERA.
- Government efforts to provide affordable housing for poor families boost demand for residential properties in Anantapur.
PropertyWala's Conclusion
Anantapur offers a compelling option for investors and those seeking to buy or rent properties. The city’s affordable real estate prices, better connectivity, and an expanding industrial sector make it an attractive destination. With various residential options and strong government infrastructure initiatives, Anantapur ensures continued growth in the real estate market. Therefore, it’s a suitable and profitable location for your real estate investments or residential needs.