West Godavari, Andhra Pradesh Property Guide
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Overview of West Godavari
West Godavari is positioned in Andhra Pradesh, delivering a blend of urban and rural experiences. This makes it appealing to both potential buyers and renters.
Property Prices
- The average cost of property per square foot in West Godavari is Rs. 7,815.
- Prices range from Rs. 2,884 to Rs. 33,333 per square foot, fluctuating based on location and type.
Key Localities
- Balusumoodi: Known for expensive homes priced between Rs. 5,333 and Rs. 13,333 per square foot.
- Palakollu: Sees properties priced consistently at Rs. 6,000 per square foot.
- Bank Colony: Offers homes around Rs. 6,122 per square foot.
- Tanuku: Popular locale with new projects and good road and highway accessibility.
Types of Properties Available
- Apartments: Found in Bhimavaram and Kovvur, featuring modern amenities and central locations.
- Independent Houses/Villas: Like Orange County in Kalaparru and Kogantis Brindaavanam in Tanuku, offering spacious 2 and 3 BHK villas.
- Residential Plots: Available in top spots such as Dharmaji Gudem and Tanuku, with good road and highway access.
Featured Projects
- Orange County: Features 2 BHK villas in Kalaparru on 19 acres with 289 units.
- MGB Shanta Ram Nagar: Residential project in Dharmaji Gudem, ready for occupancy, featuring water storage and security.
- Kogantis Brindaavanam: 3 BHK villas in Tanuku with 2 key towers ready since August 2017.
- SMR Green City: Residential project in Denduluru with water storage, security, and more.
Amenities and Infrastructure
- Connectivity: Excellent connections to roads, highways, and railway stations for easy commuting.
- Amenities: Include water storage, security, and sometimes unique features like dedicated workspaces.
Rental Options
- Vacation Rentals: Available via Airbnb, starting nightly at $10 before taxes and fees. Options range from apartments to unique stays, many being family and pet friendly.
Market Trends
- The real estate market in West Godavari has seen a yearly price drop of 14.89%. This could mean good buying opportunities now, for investors and buyers alike.
- The trend shows potential profit in both buying and selling, suggesting a solid market environment.
PropertyWala's Conclusion
West Godavari provides many real estate choices, from budget plots to luxury villas and houses. Its expanding infrastructure, good connections, and varying prices make it attractive for investors and end users. Understanding these local market trends and prices helps inform decisions on buying or renting. Given current conditions, now could be the perfect time to invest in West Godavari, with potential for future growth and various property types on the market.