The two factors which has helped Vijayawada emerge as a booming location for real-estate investment are: (1) the proximity of the city with Hyderabad - a major economic hub of Telangana and a popular tourist destination, (2) the recent introductions and amendments in the existing policies regarding real estate such as RERA Act, the launch of PMAY subsidy under the ‘Housing for All by 2022’ campaign by the central government, and the addition of new tax deduction provision for first-time buyers. Bajaj Finserv’s Homes and Loans here you can get a home loan which makes your investment in real estate easily.
Summing up, if you are searching for best real-estate investment prospects, your quest ends at Vijayawada. Take a look at a few factors on why Vijayawada can be the next big thing in the real estate industry.
Increased investment by NRIs.
As per the recent reports, the current NRI investments in Vijayawada is as high as Rs. 125 crore a month. Adding further to it, today, approximately 600 acres real-estate property in Vijayawada is owned by NRIs.
Rising as a popular tourist destination.
Thanks to Vijayawada’s proximity with Hyderabad, the city is emerging as a popular destination for tourist. The demand for affordable accommodations is likely to increase, giving a boost to passive income sources for property owners there.
Hike in property prices predicted
In addition to that, thanks to the partition of Andhra and Telangana, the property prices are likely to go up. Thus, investment in the real estate here is sure to yield a great deal of profit in the long run.
Vijayawada exclusive home loan scheme
Last but not the least, NBFCs such as Bajaj Finserv is offering exclusive Home loan in Vijayawada; proving the above-made claims are true. Taking a cue from the same, if you are interested in buying a home in Vijayawada, you can use a Bajaj Finserv home loan for the same.
After the formation of Telangana, the Vijayawada real estate scenario has changed for the better. Here are the Advantages of Investing in Vijayawada Real Estate.
