States

Land prices skyrocket in Kurnool, Nandyal

Express News Service

KURNOOL: Orvakal airport and the judicial capital proposal have triggered a realty growth in the district. The greenfield airport at Orvakal on the outskirts of Kurnool metropolis is about to start operations subsequent month. As a part of the three-capital plan of the State authorities, the High Court is prone to come up on Kurnool-Nandyal Road. Hence, the land prices in Kurnool and Nandyal have skyrocketed. 

The industrial hall and the outer ring highway have additionally resulted in the spurt in the true property exercise on Bengaluru freeway (Kurnool – Anantapur Road). Apart from Kurnool-Nandyal Road, fast improvement can also be being witnessed on Kurnool-Bellary Road with the proposal to assemble a six-lane freeway connecting Pune. Agriculture lands situated adjoining to the principle roads on the outskirts of Kurnool are being bought at Rs 4 crore per acre now. 

“Several real estate ventures are coming up on the outskirts of Kurnool. The cost of house sites range from Rs 5 lakh to Rs 15 lakh per cent. Newly constructed houses are priced in the range of Rs 50 lakh to Rs 1 crore. Flats in the newly built apartments cost Rs 2,000 to Rs 4,000 per square feet,” stated G Nagaraju Yadav, a realtor. 

Prices of flats and home websites have gone past the attain of center class and salaried folks in Kurnool and its suburbs with the true property growth. The realty exercise is extra inside 25 km radius of Kurnool metropolis.
Flats in actual property ventures developing on Nandyal Road, Anantapur Road, Nandikotkur Road and Bellary Road are considerably inexpensive, stated M Nagendra, a non-public worker. 

KJ Reddy, managing director of Raaga Mayuri Builders, has a phrase of warning for the possible patrons of home websites and flats. He suggested them to confirm the layouts and constructing plans earlier than shopping for a plot or a flat as a number of ventures would not have requisite permissions from the city planning division.

The registration of land has slowly picked up in the district after the Covid-induced lockdown, Registrar E Naga Bhushanam advised TNIE. “In the last two months, we have crossed the monthly registration target. Kurnool revenue division is expected to realise the registration target of Rs 265 crore for the current fiscal with the realty boom in recent months,” he stated.

Hectic actual property exercise

B Tandrapadu, Nannur, Sakunala, Gani, Thippayapalli, Guttapadu, Pasupula, Rudravaram, Hussainapuram, Kalvabugga and Orvakal situated on the outskirts of Kurnool metropolis, villages adjoining to Kurnool-Nandyal Road, Amaravati Road, Bengaluru Highway and Bellary Road have been witnessing hectic actual property exercise for the previous few months with a number of new ventures 

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