Why Real Estate Is a Great investment in Kurnool
Real estate could be a great investment in Kurnool for several reasons. You can enjoy an outstanding rate of returns, amazing tax advantages and leverage land to make your wealth.
The top 3 areas to invest in Kurnool are:
- Kurnool – Nandyal Highway
- Kurnool – Bangalore Highway
- Kurnool – Nandikotkur Highway
The real estate business along the Kurnool-Nandyal Highway road has been witnessing a boom with the statement of the Orvakal Airport and which has started operations from a few months, Nandyal has been declared as a separate district, leading to heavy demand for plots within the Nandyal highway area.
Kurnool-Nandyal road area has been minting money for investors which has huge developments like Orvakal Airport and Educational Institutions.
Both realtors & investors expect an increase in the land prices as Kurnool is also likely to get a mini-secretariat in Kurnool-Nandyal road.
Mr. Malla Reddy, who has a Beautiful Housing venture spread over 50 acres along the Nandyal road in B.Thandrapadu, said that investors expect to make good money due to the increase in land rates. “The Investors are overemphasized to invest in the plots and are more likely to build their house in Pasupula and B.Thandrapadu because of the talks on judicial capital and other development projects,” he explained.
Mr. Rajesh, a Real estate – Agent-based in Kurnool, said that buyers have heavy demand, but property owners are not willing to sell.
They expect an increase in the land prices when the State High Court is moved to Kurnool. Orvakal Airport is predicted to commence its operations within the next couple of months, which can further increase the land prices in the area Kurnool-Nandyal road.