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.
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.
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.