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 Overview
The proposed 100 acres property is located in Sutapattna Palli Village in Penukonda Taluka. Penukonda (meaning ‘Big Hill’ in Telgu), is a small town in the Anantapur district of Andhra Pradesh. It is just 87 km away from Anantapur town and ust 157 kms from Bangalore city. It is situated at the foot of a fortified hill on the Bangalore–Anantapur National Highway(NH 7).
This town is renowned for the Penukonda fort and Parshvanatha Temple which are the major tourist attractions of Andhra Pradesh. The infrastructural development of upgrading the 2 lane NH 7 to a 4 lane makes Penukonda easily accessible. Also, the Rassai Properties Ltd SEZ which is just 20 kms from the property assures a potential increase in the returns of investment.
Location Benefits:
- Upcoming Developments – The site is just 20 kms away from the Rassai Properties Limited SEZ. This SEZ received an approval for developing Multi-Products and Multi-Services SEZ of 2,500 acres out of which they have already acquired 1,418 acres. The SEZ will have developments of Township, InfoTech Park, Media City, Leisure & Entertainment, Residential, Education, Sports & Hospitality.
- Easy Accessibility – Rashmika is just 48 kms from Puttaparthi, known for the Prasanthi Nilayam ashram, this ashram is a world class educational center and hospital that provides service to all. It owns the Sri Sathya Sai Airport which is connected to Mumbai and Chennai by Indian Airlines as a stopover for their Hyderabad-Visakhapatnam services.
- Infrastructural Developments - The NH-7, just 16 kms from Rashmika, passes through 47 villages in the district by covering a distance of about 170 km. The National Highway Authority of India (NHAI) have released funds for upgrading the existing two-lane highway to 4-way a divided carriage super highway as a part of the North-South Corridor. The work is in progress and 80% of the work is already completed.
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