Insight into Markapur, Prakasam

Position

Markapur is a community in the Prakasam district of Andhra Pradesh, India.

Costs for Property

• The usual price per square foot in Markapur is Rs. 3,560.
• That's relatively cheaper compared to the Prakasam district average, Rs 4,724 per square foot.

Kinds of Properties

• Living Spaces: Options consist of houses, apartments, and flats. For example, renters can find houses with layouts such as 2 bedrooms and 2-3 bathrooms, and varying square footages.
• Land: Some available plots, like freehold properties with 1800 square feet, cost about Rs 14 lacs.

Rent Choices

• Rental prices for 2-bedroom houses in Rural Markapur range from ₹ 7,000 to ₹ 8,000 per month.

Property Market Trends

• Market prices in Markapur and Prakasam have fallen by 6.05% annually based on the square footage. Yet, buying now may be profitable due to stable and affordable prices.

Community and Growth

• Property value and infrastructure enhancements are part of ongoing development. Active local developers boost locality amenities and value.

Services and Lifestyle

• Details on local amenities are limited, but generally, areas with lower property prices show promise for future infrastructure improvements.

PropertyWala's Finding

When you think of buying or renting in Markapur, Prakasam, it’s a good place due to its low costs versus the district average. This low cost per square meter makes it a favorable choice for both investors and property buyers. Yet, it’s essential to understand market trends and future growth potential. With ongoing development, Markapur is seen to have promising long-term investment prospects and a mixture of affordability with potential future value increases.