Tirupati Property

Funds from the non-residents, strong emigrant money inflow, and an emerging industrial boom have triggered the real estate explosion in the city in the topical years. The Tirupathi real estate market is treading gradually.

Property Prices in Tirupati

Properties in prime locations are awfully expensive, but if you reach out a little farther from the city, you may find lands and plots at dirt cheap prices. For instance, if you plan to buy an independent house in NGO colony or houses under TUDA control, the prices are pretty high as it costs around Rs. 75 lakhs to 1 Crore. You can hardly find a vacant plot in the heart of the city today. For the sake of the high volume of tourist influx, most of the residential plots have been converted into guest houses, hotels, and lodges to accommodate them.

If you reach the borders of the city, you can find plots measuring from 1200 sq.ft. to 2000 sq ft at a really affordable price of Rs. 250-300/sq-ft. The prices are expected to reach greater heights in a few months’ time as the demand is increasing at a rapid pace at the moment.

Central Govt of India has announced that the present airport will be upgraded to an International Airport very shortly. The upcoming International airport has really ignited the Tirupathi real estate industry. You can see lots of new projects being launched near the airport with every passing day as the rates are likely to go up by at least five to ten times over the next 1-2years.

Today, investors are more interested in empty plots in layouts beside Tirupati -Renigunta highway for its tremendous commercial value.

Realtor Developers in Tirupati

Padmavathi Developers is the leading real estate consultant in Tirupathi, and they have a lot of ventures, developed and developing, in Tirupathi and Mannavaram.

Suvarnabhoomi developers have developed Srivari Villas on the Bangalore by-pass road, which looks a great investment opportunity at the moment.

With the SEZ notification and IT park launch in the city,, Tirupathi real estate market is bound to set new standards in the next 10 years, and we bet you’ll never get to hear those modest prices of Rs. 300 per sq. ft. anymore.

Sri Venkateswara Swamy Real Estate, Janachaitanya Housing Private Limited, MG brothers, Asian Constructions, and KCR Homes Developers are few other well known real estate developers operating in Tirupathi and Chittoor Dt.

Why Invest in Tirupathi Property Market?

Tirupathi is the land of Gods, and pilgrims come to visit the Tirupathi temple not just from all parts of the country, but even from the other countries, quite consistently. Additionally, AP government & tourism authorities have planned to invest as much as 600 crores to set up a recreation zone and to develop the tourism industry.

With the launch of the New International Airport, the city will mark a heavy inflow of international tourists that will compliment boosting up of the economy, and a direct implication would be at least 10 times inflation in the Tirupathi property rates.

If you’ve got good money to invest in real estate, then, perhaps, a guest house would be the ideal investment as the continuous inflow of money with monthly revenues would ensure high profitability pretty quickly. On the other hand, if you are looking at a long term capital gain, you may think of investing in the upcoming apartments or villas in the vicinity of the airport, as the property rates are bound to go up manifolds in those areas soon after the inauguration of the International airport.

Furthermore, investing Rs. 3-6 lakhs on a simple 30x40 or 40x50sq-ft piece of land, today, can ensure a returns of at least 10-15 lakhs in the next 5 years; even if you keep the same money in equity, share markets or mutual funds, there are very feeble chances of getting such high returns; keep aside the thought of expecting such growth with hardly 9% per annum interest in fixed deposits.

However, it is equally crucial to be really careful in your property selection, since not the entire Tirupathi real estate market would witness uniform development. There would be areas where development will blossom, while there would be many more where you wouldn’t witness even significant development. Even though the prices have increased significantly, you must target the vicinity of airport, if you’re looking at guaranteed returns.