Srikakulam, Andhra Pradesh Property Guide
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Srikakulam, Andhra Pradesh Real Estate News
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Overview of Srikakulam
Location and Connectivity
Srikakulam is in Andhra Pradesh, India. The city has good connections by highways, including National Highway 16, part of the golden triangle, linking it to other cities and states. Plus, APSRTC runs an effective bus system, and there’s a major railway station in Amadalavalasa, adding to national connections.
Economy and Employment
Srikakulam’s economy is diverse with key industries like pharmaceuticals and manufacturing of things like jute, iron, nuts, jaggery, and textiles. Companies like Reddy's Labs in Pydibhimavaram are here and there are many jobs, making it a good spot for new residents.
Culture and Tourism
Srikakulam has a vibrant culture and is famous for crafting things like khadi weaving and Budithi Bell and Brass. The city showcases historical and tourist sites including the Arasavalli Surya Narayana temple, Sri Kurmanadha Temple, Salihundam, Kalingapatnam beach, and the Telineelapuram bird nesting area. These sites make the city interesting for locals and visitors.
Education and Healthcare
The city has good education and healthcare facilities. There’s Dr. B.R. Ambedkar University, the only university in the district. Also, the Rajiv Gandhi Institute of Medical Sciences is the lone medical college in Srikakulam. GEMS-Great Eastern Medical Specialty and Hospital in Ragolu is one of the largest hospitals too. These are essential for families looking to settle in Srikakulam.
Property Market
Price Trends
- Property prices in Srikakulam differ based on location and type.
- Properties start at Rs. 1,222 per sqft, with an average at Rs. 5,052 per sqft. Top prices can go up to ₹18,000 per sqft.
- Balaga's average price is Rs. 9,090 per sqft, noticing a 19.88% drop in rates from last year.
Types of Properties
- There are many types of properties for selling or renting:
- Apartments: Projects such as Avm Towers include 2BHK and 3BHK with amenities like car parking, automatic lifts, fire and safety, power backup, water supply, and intercom.
- Independent Houses: Several houses and villas available in different parts.
- Plots: Available near important spots like national highways and major junctions.
Real Estate Companies
- Several top companies are active in Srikakulam:
- Honeyy Group: Known for many projects and great customer service.
- Prakruti Avenues: Aims at innovative townships and timely finishes.
- BEN Constructions: Specialize in quality living and commercial projects.
- Harika Constructions & Consultants: Renowned for high-quality buildings and strong customer ties.
- Satkar Builders: Stands for honesty and good project quality.
PropertyWala's Conclusion
Srikakulam offers a strong choice for property investors and buyers. It balances economic chances, cultural experiences, and growing infrastructure. With a mix of property prices, from cheap to fancy, it fits many budgets. Good connections, good schools and hospitals, plus good real estate firms, make Srikakulam suitable for investors and new residents. Still, monitoring price trends and the local market is key to making the right call.