Overview of Renigunta, Chittoor

Location and Popularity

Renigunta sits in the city of Tirupati, within the Chittoor district in Andhra Pradesh. This place is noted for its strategic spot and is one of the popular areas in the city. It makes a good choice for both people buying and people renting.

Property Types

• Villas and Apartments: Renigunta features many kinds of properties, including villas, apartments, and standalone houses in various sizes and layouts.
• Land and Plots: There's also a sizable market for land and plots, making it a smart choice for those looking to make their own homes.

Price Trends

Land and Plots

• Land costs in Renigunta range from ₹1,350 to ₹3,050 per square foot.
• Land rates have gone up 7.1% over the past year and 25% in the past 10 years.

Built Properties

• Starting prices for properties here are around ₹1,111 per square foot, while the average price is ₹4,926 per square foot.
• Over the last year, property rates have dipped by 2.22%, showing some market correction.

Market Direction

• Though there’s been a minor downturn, it looks like Renigunta stays a strong choice for investment. The real estate market here is seen as profitable for both buying and selling now.

Amenities and Infrastructure

• Educational Institutions: Renigunta is near several schools, including the ZP Girls High School.
• Healthcare: The spot has the Railway Hospital Sub divisional hospital, right around the corner.
• Residential Comforts: Homes in Renigunta often have amenities like a steady water supply, good airflow, and areas free from noise and pollution.

Rental Market

• Those looking to rent have choices like semi-furnished flats and penthouses, such as a 3 BHK flat going for ₹8,800 in places like Lakshmi Nagar colony.

PropertyWala's Conclusion

Renigunta, Chittoor, has a well-rounded real estate scene that fits different needs and budgets. With a mix of villas, flats, and land, it's a hot spot for both investors and personal buyers. Though property rates have recently adjusted slightly, the long-term growth signs and solid infrastructure make it a good area to think about for buying or renting. Keeping tabs on price trends and market changes is always a smart move.