Overview of Nehru Nagar, Guntur

Property Prices

• Starting and average prices for properties in Nehru Nagar, Guntur are Rs. 4,100 per square foot.
• Property rates have dropped by 22.05% over the past year, indicating a downward pricing trend.

Types of Properties Available

• Apartments and Flats: Options available include 2 BHK flats and different setups.
• Independent Houses: Choices vary, featuring 2 BHK and other configurations.
• Residential Land: Plots like an 8.5 cents size are sold for eighty lakh rupees.

Rental Options

• Houses and villas can be rented out, such as a 2 BHK house spanning 1800 sqft for ₹13,000 monthly.

Price Range for Different Configurations

• 1 Bedroom House: Costs around ₹18 Lac, with ₹2,778 per square foot.
• 2 Bedroom House: Priced about ₹75 Lac, at ₹8,333 per square foot.
• 4 BHK Independent Builder Floor: Priced about ₹1.4 Cr, calculated with specific square footage.

Market Trends

• The current market seems profitable for buying and selling properties in Nehru Nagar, thanks to the recent price drop.

Amenities and Location

• Exact amenities details are unclear, but the location in Guntur suggests access to city services.
• Properties spread out in neighborhoods like Chuttugunta and Agrabaharam, offering varied local settings.

PropertyWala's Conclusion

Nehru Nagar in Guntur offers a blend of options for buyers and renters. With a notable decrease in property rates last year, it presents an attractive buying opportunity, though a careful evaluation of the area's long-term outlook is essential. With various property types like apartments, independent houses, and land, options fit different budgets and preferences. Yet, conducting in-depth research and assessing local amenities and future development plans are crucial before making any decision.