Andaman & Nicobar Island Property

Andaman and Nicobar Islands (ANI) is a Union Territory of India incorporated into the Indian union in 1956. Its strategic location amidst the Bay of Bengal joining the Indian Ocean makes it an ideal holiday destination contributing heaving to the real estate market in Andaman Nicobar. Its proximity to popular tourist destinations in South Asia namely Phuket and Thailand has been a major contributing factor in the increased interest in commercial properties in Andaman & Nicobar Islands. Property Investors see Andaman as a lucrative investment considering the tourist splurge here.

Only 36 of the 349 islands of Andaman and Nicobar are inhabited with plenty scope for development of residential property as well as massive commercial properties. The Andaman Nicobar property rates are quite affordable since the real estate market is still in its infancy stage. Connectivity of Port Blair – the capital city via air and sea from Kolkata, Chennai and 23 notified ports in ANI located on 3 major international shipping route just add to the real estate value of any property in Andaman and Nicobar Islands.

The major builders and developers in India are eying the burgeoning property market in Andaman & Nicobar Islands with projects covering both residential as well as commercial property segments. The areas having helipad connectivity are the major real estate hubs in ANI. The list includes Port Blair, Rangat, Mayabunder, Diglipur, Car Nicobar, Neil Island, Havecock, Campbell Bay, Nancowry, Baratang, and Long Islands.

Andaman & Nicobar are prone to high seismic activity. Thus prior to development of any kind of commercial or residential property in Andaman Nicobar requires a basic infrastructure strength and earthquake resistant designing. With major contributions from private sector slated to come up in the near future and development of technical and vocational skills of the labor force along with use of local building materials like timber, sandstone, rocks, polymer composite sheets, coir fibre boards, particle boards and cement will surely make a difference in the cost of construction in the Andaman and Nicobar Islands.