Ongole is a city in Prakasam district of the Indian state of Andhra Pradesh.The city is the 13th most populous in the state. Ongole is known for its Ongole cattle, a breed of oxen.
The proposal of the government to hike Real Estate values is likely to increase apartment rates at least by Rs 5 lakh in the city. There is considerable growth in Ongole real estate sector, as the economy is now in the growing stage, Real estate Developers are providing from affordable to luxury housing projects.
It may be mentioned that the government has decided to hike land values from August 1 and constituted committees to hike the land values. After division of the state, land rates increased in city and surrounding areas, which led to increase of land values and apartments rates.