Kurnool, Andhra Pradesh Property Guide
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Overview of Kurnool
Kurnool, part of Andhra Pradesh, holds a huge historical and cultural significance. Let’s examine Kurnool from a real estate view:
Location and Infrastructure
- Kurnool lies beside the Tungabhadra River and it's a major center for business and trade.
- The city connects through several modes—rail, road, and air. Kurnool airport, railway station, and NH 44 highway facilitate this.
Economic and Developmental Aspects
- Kurnool’s primary role is in trade and transport, employing nearly 56.56%.
- It boasts a strong farming sector aided by government plans like RKVY and MIDH.
- The city is rich in mines like lime, yellow and white shale, gold, and diamond.
- Major projects include the biggest solar power park in a single spot (1,000 MW) and the Renewable Energy Storage Project (IRESP).
Real Estate Market
Residential Real Estate
- Demand and Growth: More people seek homes in Kurnool due to education and medic services. More students and jobs attract many here.
- Top Localities:
- Nandikottur Road: Known for great schools, clinics, bus stops, and local services like banks. From ₹5,417 per square foot.
- Madhavi Nagar: Close by airport and with a Kendriya Vidyalaya, it’s family-friendly. Prices up to ₹7,000 per square foot.
Commercial Real Estate
- Tourist Spots: Kurnool's stunning architecture draws visitors. Building hotels, restaurants benefits.
- Focus on Farming and Mining: Horticulturist and mine-related projects bring good returns here.
- Key Zones:
- Venkata Ramana Colony: Close to railway station, schools, colleges, eateries. Around ₹3 L
- Srisailam: Famous for temple and dam. Prices ₹12.8 L - ₹80 L.
Property Prices
- From ₹600 to ₹18,750 per square foot in Kurnool District.
Tips for Investors
Due Diligence
- Check Real Estate: Ensure registration under RERA.
- Service Check: Look for schools, hospitals, and transport access.
Investment Steps
- Choose Properties: Make lists, visit spots, and consult experts.
- Documents: Collect sales deed, encumbrance proof; pay stamp duties, etc.
PropertyWala's Conclusion
Kurnool’s location and development projects make it great for real estate. With strong demand and growth, it's ideal for both housing and business. Study carefully and check all legal details to make smart real estate moves.