Real Estate in Anantapur

If you are looking to invest in real estate in India, then Anantapur is one of the best places. This is true about both commercial and residential properties. Over the years, investors realized that putting money in real estate is the best type of investment. Let’s find out why Anantapur is a great choice as far as real estate investment is concerned.

In Anantapur, the number of land registrations has doubled over the past few years. But the million dollar question is, what makes this city a great hub for this type of investment? In this article, we are going to answer this question.

The Advent of Kia Motors

Kia Motors is a South Korean automaker. The production unit of this company was established in Anantapur, Andhra Pradesh. The unit covers an area of 536 acres in Erramanchi village, and transforms the city into a real estate hub.

Earlier, the region suffered a lot of problems, such as drought because of the low rainfall. On the other hand, Kia has allowed the city to get fresh air once again. Kia is the 8th largest automaker in the world, and is all set to make 300,000 vehicles on an annual basis at the plant.

The company creates more than 3,000 direct and over 7,000 indirect posts for the needy people of Anantapur. This is one of the main reasons why this city has become an apple of eye of realtors. Also, many plots and gated communities have emerged in the city.

Strategic Location

Although Bangalore is the Silicon Valley of Bharat, the drought-like conditions in most of the city triggered a 5-year ban on construction of apartments. And this worried a lot of real estate builders.

Before opting for investment area, investors give a lot of importance to the location factor. Although Anantapur was not a very attractive location for investors, its closeness to Bangalore is a solid reason why more and more investors are thinking of Anantapur as a good alternative.

Access

The good thing about Anantapur is that it can be accessed through a road or rail from anywhere in India. And the good thing is that bus services are also available for people to reach the city. For public convenience, both public and private bus services are available.

Although Anantapur doesn’t enjoy any direct air access, it’s just 190 kilometers from Kempe Gowda International Airport, which is the closest airport that allows you to reach Anantapur from anywhere in India. This is another great reason why more and more investors are showing interest in building real estate in this city.

As a matter of fact, connectivity is one of the most important factors when it comes to choosing a place to put your hard-earned money in.

Long story short, these are some of the main reasons why Anantapur is a great city from the real estate investment point of view. If you are looking for a great city in India where you can buy an apartment or flat, we suggest that you try Anantapur. You won’t regret your choice.

4 Real Estate Components Which Will Be Impacted

As a Real Estate Licensed Salesperson, in the State of New York, for over 15 years, I have observed, several previous, various types of markets. While, we often, think of only, buyers, sellers, and/ or, a neutral market, the present – day, pandemic, and associated, health, and economic crisis, will, most likely, have, some longer – term impacts, and ramifications, which might, permanently, change this horizon. With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, 4 specific, real estate components, which, will probably undergo, game – changing, longer – term, changes, and ramifications.

1. Housing market, pricing, buyers, etc: Since, in many states, restrictions imposed, in the so – called, social distancing, requirements, housing sales, marketing, etc, have, for the time being, stopped, completely! When this crisis, eventually, ends, how might this market, be affected? While the combination of low – interest rates, and pent – up desire, by some, to participate in this essential part of the American Dream, might, to some degree, balance other factors, I believe, we will witness, overall, in most areas of the nation, reduced pricing, because, there will be fewer qualified, potential buyers. This is, largely, because, of the dramatic drop in stock market, etc, prices, and, thus, many will find, their personal asset value, greatly reduced. Perhaps, there may be some, government programs, to help, but, these, would have to be certain, we don’t witness another real estate bubble, caused by incoherent financing programs!

2. Storefronts/ retail: Because, many have had to develop, alternative, technology – based ways, to sell their goods, the current trend, which, already, was challenging, to the conventional retail market, become, even more stressed! In the foreseeable future, we will probably, not see, any significant improvement, and, thus, more vacancies. How might this impact, especially, those smaller, property owners, in terms of their ability to maintain, and afford, ownership? It is also, probable, many companies, will decide, they need less space, and, obviously, that will have considerable impacts!

3. Office space: This crisis has made it necessary, for many companies, to have employees, work remotely. The longer, this continues, many corporations, will probably, believe and realize, they do not need, nearly as much office space, and associated expense? How would that affect the number of vacancies, and lease pricing?

4. Rental apartments: Since, fewer people, will, probably, be able to own, their own homes, more will seek apartment rentals! However, since many will probably have, more of a post – Depression mentality, because of the economic, and fear aspects, of this crisis, it is probable, luxury apartments markets, will suffer!

The immediate ramifications of this crisis, from an economic perspective, are probably, significant, in the real estate industry, and associated markets! Be prepared!