December 1st, Author: Varma
If you are eyeing healthy returns on investment, there is no better option for NRIs looking forward to investing in property near the newly developing Capital Amaravati of Andhra Pradesh (AP). However, to be on the safe side, it is advisable to invest in open plots which are approved by the AP Capital Region Development Authority (CRDA).
AP CRDA Approved Plotting Ventures Come with Infra Development
Investments in AP CRDA approved plotting ventures are advantageous as they come with guaranteed infrastructure development. Property developer of these open plots is required to provide amenities like internal roads, electrification, a drainage system & a proper water supply system. Moreover, these are usually gated communities which also provide for street lighting, landscaped gardens & avenue plantation along the roads.
Property Developer is obliged to Follow Rules & Regulations
The developer of AP CRDA approved plotting ventures are obliged to follow rules & regulations laid by the authorities. They will thus have to complete all development work which is required. The open plot is only released by the authority only when development work has been completed & approved.
Surplus Demand Causes Limited Availability
Surplus demand of premium plotting ventures like these causes availability crunch. This is more so when capital appreciation is considered to be the governing factor which controls return on investment in the realty market around the new Capital Amaravati. AP CRDA approved plotting ventures essentially approve on this count. Prospective investors can be assured of sustained & healthy appreciation on these plots, given the fact that development is guaranteed. Another aspect is that demand for such premium plots is much higher than supply & therefore puts buyers in a conundrum. It is imperative that buyers will have to pay more money to acquire these premium plots due to limited availability. But then they will definitely benefit in the long run since considerable appreciation of these plots over time will definitely garner more wealth.
Bank Finances are Available for AP CRDA Approved Projects
Obtaining finance from banks for AP CRDA approved premium plotting ventures in Capital Amaravati & around Vijayawada is not a cause for worry. Most of the banks in the region will be more than willing to extend finance if you are interested in buying these government approved premium open plots. Apart from gaining healthy returns on your investment in such plotting ventures, you would also be helping overall development & be a part of the growth story of the new capital city. Local authorities on their part will ensure that all necessary steps have been taken for developing a well-planned project site since it will indirectly benefit the city infrastructure.
Vijayawada Amaravati International Airport
Also known as Vijayawada Airport, Gannavaram International Airport is situated 18 kilometers from the city & effectively serves the Andhra Pradesh Capital Region. Located along the NH 16 connecting Chennai to Kolkata, it is operated by the Airports Authority of India. It is in the process of undergoing massive developments & is expected to be renamed Vijayawada Amaravati Airport.
Vertex Gardenia near Gannavaram Airport
Located in close proximity to Gannavaram International Airport & APIIC industrial corridor, Vertex Gardenia features availability of premium plots for sale in Capital Amaravati region. Industrial majors like HCL will also be shortly setting up its project at Gannavaram. It is generally considered that cost of property near the airport is bound to appreciate irrespective of the concerned cities across the world. Vertex Gardenia is one such venture which is offering premium plots for sale in Gannavaram, Vijayawada where you can invest & hope to gain the best ROI. Come, become a part of the Andhra Pradesh growth story!