Last Updated:
Amaravati (49.10% YoY), Guntur (38.27% YoY) and Vijayawada (31.95% YoY) took pleasure in boosted searches (need) in 2024.
Due to require and provide inequality, property costs boosted considerably in these markets. (Representative Photo)
Amaravati, Guntur and Vijayawada are becoming the brand-new property favourites in South India in 2024, according to the current record by realty website Magicbricks.
“Based on the choices of over 2 crore clients on the system, Amaravati (49.10% YoY), Guntur (38.27% YoY) and Vijayawada (31.95% YoY) took pleasure in boosted searches (need). At the very same time, because of high uptick, property supply (listings) in Guntur (-22.57% YoY), Amaravati (-6.7% YoY) and Vijayawada (-18.46% YoY) lowered,” Magicbricks said in its report.
Due to demand and supply mismatch, residential prices increased substantially in these markets. Average residential prices in Vijayawada increased 20.06 per cent YoY to reach Rs 5,759 psf in Q3 (Jul-Sep 2024). Average residential prices in Guntur increased 3.27 per cent YoY to Rs 4,962 psf and in Amaravati, it increased 3.29 per cent YoY to Rs 4,470 psf shared the portal, it added.
