
Mangalagiri, Vijayawada
- Property Types
- Warehouses / Godowns, Residential Lands
About
Insight into Mangalagiri, Vijayawada
Situated close to Vijayawada in Andhra Pradesh, Mangalagiri is an emerging hub for real estate investments and residential living.
Property Values
- Residential Estates:
- Properties here average Rs. 4,900 per sqft, starting from Rs. 918 per sqft.
- Flats are priced from Rs. 3,050 to Rs. 4,650 per sqft.
- Land Values:
- Land costs range between Rs. 2,050 to Rs. 4,700 per sqft.
Market Tendencies
- Value Changes:
- Real estate prices dropped by 18.59% in Mangalagiri over the past year, indicating a likely buyer-favorable climate.
- Surrounding areas like Vijayawada and Guntur saw major increases in prices due to Andhra Pradesh’s new Capital development.
- Annual Growth:
- Land values rose by 59.5% over the past year, driven by the area’s increasing demand.
Infrastructure and Ties
- Strategic Position:
- Mangalagiri has easy access to key transport routes, such as National Highway 16 and the Vijayawada-Mangalagiri-Guntur highway.
- Proximity to Hotspots:
- It’s near major centers like the Amaravati core capital, AIIMS, VIT, SRM, and the AP state police headquarters.
Developments and Extras
- Housing Projects:
- Many budget to luxury housing projects offer options like SLV Amaravati Pride, Prime Grandeur, Manjeera Monarch.
- Extras:
- Typical amenities include kids' play areas, power backup, gyms, clubhouses, and secure systems.
Rental Market
- Lease Rates:
- Apartment rents vary from ₹19,000 for a 2 BHK to ₹50,000 for a 3 BHK, depending on area and features.
- Standalone Homes:
- Standalone houses also available, starting from ₹27,000 per month, often with gardens and modern amenities.
Investment Opportunity
- Global and Local Investments:
- There’s strong interest from NRIs and local investors in premium open plots and luxury projects.
- Government Support:
- Andhra Pradesh’s state initiatives to expand the capital region have significantly boosted property investments in Mangalagiri, making it attractive for buyers and investors alike.
PropertyWala Assessment
Mangalagiri, Vijayawada, offers a strong chance for property investment and living. Its strategic location, bettering infrastructure, and a mix of budget and luxury properties make it balanced for growth potential against current affordability. Nonetheless, anyone considering a purchase should know about recent price shifts and regional market trends for better choices. Mangalagiri balances comfort, convenience, and investment worth well.
Reviews
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Warehouses / Godowns for sale in Mangalagiri, Vijayawada
* Disclaimer: Data may be approximate.
Residential Lands for sale in Mangalagiri, Vijayawada
* Disclaimer: Data may be approximate.
- Locality ID
- A597711135
- PinCode
- 520012