If you are looking to invest in real estate in India, Anantapur is one of the best places. This applies to both commercial and residential properties. Over the years, investors realized that investing money in real estate is the best type of investment. Let’s find out why Anantapur is a great option when it comes to real estate investment.
In Anantapur, the number of land registrations has doubled in recent 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 the town of Erramanchi and transforms the city into a real estate hub.
Previously, the region suffered many problems, such as drought due to low rainfall. On the other hand, Kia has allowed the city to get fresh air again. Kia is the eighth largest automaker in the world and is set to make 300,000 vehicles a year at the plant.
The company creates more than 3,000 direct jobs and more than 7,000 indirect jobs for people in need in Anantapur. This is one of the main reasons why this city has become an apple of the real estate agents’ eyes. In addition, many closed parcels and communities have sprung up in the city.
Although Bangalore is the Silicon Valley of Bharat, drought conditions in most of the city prompted a 5-year ban on apartment building. And this worried many real estate developers.
Before opting for the investment area, investors attach great importance to the location factor. Although Anantapur was not a very attractive place for investors, its proximity to Bangalore is a solid reason why more and more investors are thinking of Anantapur as a good alternative.
The good thing about Anantapur is that it can be accessed via road or rail from anywhere in India. And the good thing is that bus services are also available for people to get to the city. For the convenience of the public, public and private bus services are available.
Although Anantapur does not enjoy any direct air access, it is only 190 kilometers from Kempe Gowda International Airport, which is the closest airport allowing 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.
In fact, connectivity is one of the most important factors when choosing a place to invest your hard-earned money.
Simply put, these are some of the main reasons why Anantapur is a great city from a real estate investment point of view. If you are looking for a big city in India where you can buy an apartment or flat, we suggest you give Anantapur a try. You will not regret your choice.