Overview of Renigunta Road Area, Chittoor

Location and Accessibility

The Renigunta Road area, near Tirupati in Chittoor, boasts excellent connectivity to major cities and local amenities. It's just a stone's throw away from Tirupati International Airport and is easily accessible via the national highway, making it an appealing spot for residents and investors alike.

Property Types and Availability

There's a wide variety of property types in the area, catering to all budgets and needs:

• Apartments: Prices range from 23 lac to 1 crore, with over 57 flats available in different budgets and sizes.
• Plots: Ranging from 10 lac to 67.5 lac for resale, these are perfect for those wanting to build a property.
• Independent Houses/Villas: These include 3 BHK villas with built-up areas about 2750 sqft, priced at around Rs. 1.51 crore. They come as part of projects like Lotus Serene Villas.
• Commercial Properties: Available commercial lands and office spaces in IT/SEZ areas, priced between 39.66 lac to 55 lac.

Price Trends

Property prices in Renigunta start at Rs. 1,111 per sqft, averaging Rs. 4,926 per sqft. That's a stable market, perfect for investment. There’s been a 2.22% drop in property rates compared to last year, which could be a good chance to buy when prices are lower.

Amenities and Facilities

Properties in this area frequently come with a variety of amenities:

• Residential Amenities: Popular features include swimming pools, gyms, clubs, secure parking, and security 24/7.
• Interior Amenities: Many properties have semi-furnished interiors with design shelves, TV cabinets, attached bathrooms, and high-quality tiles and fittings.
• Infrastructure: Many projects have TUDA and RERA approvals, ensuring regulatory compliance. Extra features often include generator/power backup, CCTV cameras, and fire safety measures.

Investment Potential

Due to its prime location and numerous amenities, the area is seen as profitable for buying and selling properties. The price trends suggest a good time to invest. The market is steady, and buying at reduced prices presents an opportunity compared to last year.

PropertyWala's Conclusion

The Renigunta Road area in Chittoor, near Tirupati, has a thriving real estate market with both affordable and luxury properties. Its strategic location, diversity in property options, and robust amenities make it a great choice for both residents and investors. Although there’s been a minor dip in property rates recently, the overall stability and growth potential of this area suggest it's a solid option for long-term investment.