Overview of Jakkampudi, Vijayawada

Location and Development

Jakkampudi, located in Vijayawada’s Krishna district, draws attention due to recent government project proposals. It sits next to villages like Kothuru Tadepalli and near Mylavaram road, making it ideal for real estate ventures.

Market Trends

• Thanks to government plans, including an affordable housing scheme aiming to accommodate 80,000 people, land prices in Jakkampudi have skyrocketed. Consequently, there’s a spike in land demand and higher property values.
• Prices of land have soared; for one, plots once priced at Rs 2 crore per acre now reach up to Rs 5 crore per acre.

Types of Properties Available

• Residential Plots: Different sizes like 825 sq ft plots are available with cement roads and freehold.
• Builder Floor Apartments: Sale options include 2 BHK units about 450 sq ft.
• Flats: Rental and sale options for various flats, including 3 BHK units. For example, a 3 BHK flat is offered for rent at ₹17,000 monthly.

Pricing

• Land: Plots for sale range from Rs 9.0 lakhs, even for plots with 45.0 mt by 30.0 mt size, with an average sq ft price of Rs 666.
• Apartments: Prices vary based on size and features. Generally, prices for 2 BHK flats are within several lakhs of rupees.

Infrastructure and Amenities

• Road Connectivity: Well-developed roads, including cement pathways, link this area closely to major routes like Mylavaram road.
• Government Projects: Initiatives, like affordable housing projects, hint at future improvements in infrastructure and amenities.

Investor and Buyer Interest

• Increased interest comes from potential buyers, including those in Hyderabad. The government’s plans for land acquisition spark hopes for diverse development projects.

PropertyWala's Verdict

Jakkampudi in Vijayawada is ripe with potential for investors and buyers in real estate. The area's growth from government actions and enhanced infrastructure promises increased property worth. But, with rising land prices and high market demand, timely decision-making is key to taking advantage of these conditions. Those seeking housing options will find Jakkampudi offers a variety from plots to ready-to-occupy apartments, making it a noteworthy area within the Vijayawada real estate landscape.