Ongole

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.

Featured Builders in Ongole

History of Ongole

Ongole district was known as Vangalaprolu, Vangavolu and Vangolu in ancient times. The district was renamed as Prakasam. Prakasam district’s past stretches back to the days when it was under the rule of Mauryas from 250 BC. The rise of the Sathavahanas led to Budhism getting a boost on Ongole, which led to the construction of several stupas here. Ongole has been under the reins of the Ikshavakus and Vijayanagar Kings, the Qutub Shahis and Mughals. Each of these rulers have left a divergent imprint on this region as far as the cultural landscape of the district is concerned. Ongole had 11 towns, 56 Revenue Mandals and 1081 villages, making it one of the largest coastal districts of the state.

Ongole is an ancient town that finds mention in the inscriptions of the Pallava rulers of the third and fourth century AD. The place is a beehive of bustling commercial activities with cigars, dairy products, cereals, pulses, groundnut and pepper being sent to all corners of India. The bullocks from Ongole are renowned throughout the world. Ongole is known for a special breed of oxen called Ongole Gitta in Telugu. Ongole is a land where history comes to life. The city displays a unique mix of cultures and religions and this has led to a fascinating amalgamation of mores.

Boom in Ongole Real Estate

India is one of the top list Country regarding real estate investment. The tremendous growth in IT sector followed by other industries like pharma, telecom, manufacturing sectors . The Information Technology boom has aggressively increased the growth of real estate market. There is considerable growth in the Ongole real estate sector, as the economy is now in the growing stage, Real estate Developers are providing from affordable to luxury housing projects.

Boom in Ongole Real Estate is being observed in the real estate of not only domestic property but also commercial properties. In line with the past three-four years, the performance of Ongole real estate in 2017 was lacklustre in terms of growth in prices and sales. Ongole Real estate which was one of the most sought after investment avenue among India has seen a dip in its popularity off late because of the stagnation or dip in prices. Apart from this, Ongole real estate has been considered a safe haven for parking black money but the reforms such as Real Estate (Regulation and Development) Act (RERA) and Goods & Services Tax (GST) and Demonetisation brought in by the government to curb the black money menace has hit the sector hard. India’s real estate sector witnessed some significant developments over the past year-and-a-half. These have changed the face of the industry and augur well for it in the long run. The sector has become more transparent and organized owing to recent policy changes and consumers are better off for these.

All Realestate Deals in Ongole

42 Lac 2 Bedroom, Independent House/Villa in Pernamitta

2 Bedroom, Independent House/Villa in Pernamitta

Plot Area : 1025 Sq.Ft. @ ₹4097 / Sq.Ft.

Highlights: Resale / Ready to move / 0 to 1 years old / Freehold / Facing Road Width: 20 Ft

Description : New house build with a1 quality material..100% vasthu..

75 Lac 1 Bedroom, Independent House/Villa in Lawyer Pet

1 Bedroom, Independent House/Villa in Lawyer Pet

Plot Area : 112 Sq. Yards @ ₹66964/Sq. Yards

Highlights: Resale / Ready to move / 1 to 5 years old / Freehold / Facing Road Width: 30 Ft

Description : Almost new well maintained independent house with full wardrobes. Location is very near to saibaba temple,Shopping ....

1.15 Crore Residential Land/Plot in Santhapeta

Plot Area : 3520 Sq.Ft. @ ₹3267/Sq.Ft.

Highlights: Resale / Ready to move / Immediate / Freehold / Facing Road Width: 32 Ft

Description : Property located in santhapeta park line, Opp to saibaba temple back gate and near to ragavendhra swamy temple.Wak...

6.4 Lac to 8.8 Lac in Gandhi Nagar

Plot Area : 160 to 220 Sq. Yards @ ₹4000/Sq. Yards

Society : Sri Gandham Projects (residential Plots)

Highlights: New Booking / Ready to move / Immediate

Description : Sandal wood tree plantation of 15 - 20 trees per 160 s.Yards, Rain water harvesting, Dtcp approved layout, Best inv...

6 Lac Residential Land/Plot in koppolu

Plot Area : 160 Sq. Yards @ ₹3750/Sq. Yards

Society : Jabilli Airport City

Highlights: Resale / Ready to move / Immediate / Freehold

Description : Residential land available for sell.Located in koppolu.Available at an price of 6 lacit is a freehold property amen...