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Overview of East Godavari Real Estate

Average Property Prices

• Properties in East Godavari District average about Rs. 6,650 per square foot, though prices widely fluctuate depending on location and property type.
• In certain areas, the price goes higher. For example, prices can hit Rs. 7,251 per square foot.

Price Range

• The lowest price starts at Rs. 71 per square foot, while the high-end reaches up to Rs. 70,416 per square foot.
• In East Godavari, typical prices range from Rs. 4,333 to Rs. 10,169 per square foot.

Types of Properties

• Residential:
  • Apartments: Available in sizes like 2 BHK, 3 BHK, priced from Rs. 45 Lac to Rs. 53.63 Lac in areas such as Ramachandrapuram, Amalapuram, and Rajanagaram.
  • Independent Houses: Plots and houses in areas like Amalapuram, Rajanagaram, and Dowleswaram, with prices varying by size and location.
  • Villas and Builder Floors: Available for different family sizes and lifestyles.

Rental Properties

• Renting houses and apartments in East Godavari District starts at around Rs. 2,800 per month. You'll find:
  • 1 BHK to 3 BHK apartments and houses
  • Near landmarks like Aditya College, Mandapeta, and the GAIL office
• Rental prices:
  • 1 BHK: Rs. 3,500 to Rs. 9,999 per month
  • 2 BHK: Rs. 4,500 to ₹15,000 per month
  • 3 BHK: ₹10,000 to ₹20,000 per month

Key Locations

• Rajahmundry: Main city with notable residential and commercial zones.
• Amalapuram: Famous for residential plots and houses.
• Rajanagaram: Offers numerous residential properties including apartments and houses.
• Ramachandrapuram: Features ready-to-move flats and houses.

Market Trends

• The property market in East Godavari District has mixed trends. Some areas show a -10.21% decrease year-over-year, while other areas experience a +52.52% growth in East Godavari.

Factors to Consider

• Location: Check proximity to schools, workplaces, and amenities.
• Neighborhood Safety: Look for safe and secure areas.
• Rental Price and Lease Terms: Aim to find the best terms fitting your budget.
• Property Condition: Make sure the property has no major maintenance issues and all amenities are in good shape.

PropertyWala's Conclusion

Buying or renting in East Godavari? You need good insights into market trends, average prices, and property types. This region provides a wide range of options, from budget apartments to luxury homes. By evaluating location, price trends, and property conditions, investors and renters can make decisions based on their needs and finances. Watch for year-over-year price shifts to make an optimal buy or rent decision.