Property Rates in Nellore 2026 – Area-wise Price Guide
Nellore, a city in Andhra Pradesh, has been witnessing significant growth in its real estate market. The current property rates in Nellore vary depending on the locality, with prices ranging from ₹2,500 to ₹6,000 per square foot. In this article, we will explore the current residential property rates in major localities of Nellore, factors driving prices, and the market trend.
Area-wise Price Guide
Here are the approximate price ranges for residential properties in some of the major localities of Nellore:
- Vedayapalem: ₹3,000 - ₹5,000 per square foot
- Ramalingapuram: ₹2,500 - ₹4,000 per square foot
- Dargamitta: ₹2,000 - ₹3,500 per square foot
- Magunta Layout: ₹3,500 - ₹6,000 per square foot
- Akkampeta: ₹2,000 - ₹3,500 per square foot
The prices mentioned above are approximate and may vary depending on the specific location, amenities, and other factors.
Factors Driving Prices
The property prices in Nellore are driven by several factors, including:
- Infrastructure: The development of infrastructure such as roads, bridges, and public transportation has a significant impact on property prices.
- Proximity to IT/Commercial Hubs: Localities close to IT and commercial hubs tend to have higher property prices due to the demand for housing from working professionals.
- Metro Connectivity: The availability of metro connectivity can increase property prices in an area, making it more attractive to buyers.
Apartment vs Independent House vs Plot Pricing
The prices of apartments, independent houses, and plots vary significantly in Nellore. Here is a rough estimate of the prices:
| Type of Property | Price Range |
|---|---|
| Apartment | ₹20 - ₹50 lakhs |
| Independent House | ₹30 - ₹1 crore |
| Plot | ₹5 - ₹20 lakhs |
The market trend in Nellore is currently stable, with a slight increase in prices due to the demand for housing. However, the prices are expected to rise in the future due to the development of infrastructure and the growth of the IT sector.
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