Orvakal Airport Triggers Land Price Rise In Kurnool, Nandyal
<span style="font-weight: 400;">Orvakal airport and the judicial capital proposal have triggered a realty boom in the district. The Greenfield airport at Orvakal on the outskirts of Kurnool city is set to commence operations next month. As part of the three-capital plan of the State government, the
Published -
Mar 25, 2021 7:46 AM
Orvakal airport and the judicial capital proposal have triggered a realty boom in the district. The Greenfield airport at Orvakal on the outskirts of Kurnool city is set to commence operations next month. As part of the three-capital plan of the State government, the High Court is likely to come up on Kurnool-Nandyal Road. Hence, the land prices in Kurnool and Nandyal have skyrocketed. The industrial corridor and the outer ring road have also resulted in the spurt in the real estate activity on Bengaluru highway (Kurnool - Anantapur Road). Apart from Kurnool-Nandyal Road, rapid development is also being witnessed on Kurnool-Bellary Road with the proposal to construct a six-lane highway connecting Pune. Agriculture lands located adjacent to the main roads on the outskirts of Kurnool are being sold at Rs 4 crore per acre now. Prices of flats and house sites have gone beyond the reach of middle class and salaried people in Kurnool and its suburbs with the real estate boom. The realty activity is more within 25 km radius of Kurnool city. Flats in real estate ventures coming up on Nandyal Road, Anantapur Road, Nandikotkur Road and Bellary Road are somewhat affordable, said M Nagendra, a private employee. The registration of land has slowly picked up in the district after the Covid-induced lockdown, Registrar E Naga Bhushanam told. “In the last two months, we have crossed the monthly registration target. Kurnool revenue division is expected to realise the registration target of Rs 265 crore for the current fiscal with the realty boom in recent months,” he said. B Tandrapadu, Nannur, Sakunala, Gani, Thippayapalli, Guttapadu, Pasupula, Rudravaram, Hussainapuram, Kalvabugga and Orvakal located on the outskirts of Kurnool city, villages adjacent to Kurnool-Nandyal Road, Amaravati Road, Bengaluru Highway and Bellary Road have been witnessing hectic real estate activity for the past few months with several new ventures.
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