Table of Contents
Housing Market Trends in SRP Nellore
Rental Market Overview
Property Prices & Market Performance
Land Classification & Distribution
Infrastructure Growth & Upcoming Projects
Major Attractions & Economic Drivers
Summary of SRP Nellore Real Estate
Sri Potti Sriramulu Nellore district spans around 10,440 sq. km along Andhra Pradesh’s scenic coastline. Home to nearly 24.69 lakh people, the district includes important towns like Nellore City, Gudur and Sullurpeta. The real estate sector here remains active year-round, balancing rapid urbanisation with a strong agricultural base—making it an appealing destination for both homebuyers and investors.
Understanding the Housing Market Trends in SRP Nellore
The property market in SRP Nellore has shown notable upward movement. Recent government actions have contributed to a 15–20% rise in land values, placing it alongside other emerging real estate hubs of Andhra Pradesh.
Demand spans across segments—from affordable residential plots to premium gated community projects. Buyers include local residents, NRIs, and long-term investors. Below are the key factors driving SRP Nellore’s real estate momentum.
Also Read: BhuNaksha Andhra Pradesh
Rental Market Analysis in SRP Nellore
Rental properties continue to see stable demand across the district.
2 BHK Flats: ₹7,000 – ₹12,000/month (depending on location & amenities)
Independent Houses & Villas: ₹15,000+/month
Areas near workplaces, colleges, and coaching centres attract the highest tenant demand. Students and working professionals are the primary drivers of the rental market. Many homeowners update their properties to match modern living expectations.
Property Sale Prices & Market Performance
Property prices in SRP Nellore vary significantly across localities:
Lowest Starting Price: ~₹214 per sq. ft
Premium Localities: Up to ₹16,250 per sq. ft
Average Rate: Around ₹4,622 per sq. ft
Top Localities & Rates:
Vedayapalem: Approx. ₹5,800 per sq. ft
Nawabpet: Around ₹4,200 per sq. ft (budget-friendly)
These price shifts highlight stronger infrastructure, better connectivity, and growing investor confidence in the district.
Land Classification & Distribution in SRP Nellore
The district follows an organised land classification structure to ensure systematic development. Below is the distribution:
| Land Category | Area (Lakh Hectares) | % Share | Primary Use |
|---|---|---|---|
| Forest Cover | 2.16 | 20.67% | Conservation |
| Agricultural Land | 2.92 | 27.98% | Crop Cultivation |
| Barren/Wasteland | 0.73 | 6.99% | Unused |
| Non-Agricultural | 1.98 | 18.97% | Urban/Industrial Use |
| Grazing/Miscellaneous | 2.53 | 24.22% | Rural/Mixed Use |
| Aquaculture | 0.12 | 1.15% | Fisheries/Water-based Use |
The region includes red soil, black cotton soil, and sandy soils—each supporting varied agricultural and developmental needs.
Also Read: APSHC – Andhra Pradesh State Housing Corporation
SRP Nellore Infrastructure: Current Status & Upcoming Projects
In March 2025, the government launched 105 new infrastructure projects, significantly boosting connectivity and economic activity.
| Infrastructure Type | Details | Status |
|---|---|---|
| Airport | Dagadarthi Greenfield Airport | Land Acquisition Ongoing |
| Expressway | 4-Lane Economic Corridor | Under Construction |
| Railway Station | Modernisation Works | Progressing |
| Power Plant | Thermal Station Upgrade | Being Enhanced |
| Waste Management | Waste-to-Energy Plant | Approval Pending |
| Industrial Parks | APIIC Multi-Sector Parks | Commissioning Stage |
These developments are set to improve mobility, support business growth, and boost overall living standards in the district.
Major Attractions & Economic Drivers in SRP Nellore
SRP Nellore blends cultural heritage, natural attractions, and economic activity. Key highlights include:
Tourist Attractions
Sri Ranganathaswamy Temple – A riverside heritage temple along the Pennar
Nellapattu Bird Sanctuary – Famous for pelicans & migratory bird species
Venkatagiri Fort – Symbol of royal architecture
Udayagiri Fort – Historic site with scenic viewpoints
Mypad Beach – Quiet beach destination for travellers
Economic Drivers
Krishnapatnam Port – Major logistics and trade centre
Agriculture – Key crops include rice, cotton & horticulture
Industrial Parks – APIIC-led industries generate employment and business prospects
These factors collectively enhance the district’s desirability for both residential and commercial real estate investments.
Conclusion: The Future of SRP Nellore Real Estate
SRP Nellore is emerging as a strong real estate hotspot in Andhra Pradesh. With rising property values, improving infrastructure, organised land use, and strong economic growth drivers, the region promises excellent opportunities for investors, homebuyers, and developers.
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