About

Visakhapatnam, commonly known as Vizag, stands as the largest and most populous metropolitan city in Andhra Pradesh, India. Situated between the Eastern Ghats and the Bay of Bengal, this city spans 682 km² and is home to approximately 2,358,412 residents. Its geographical beauty is accentuated by the Simhachalam Hill Range, Yarada Hills, and Kambalakonda Wildlife Sanctuary.

The urban and semi-rural areas, including Allipuram, Gajuwaka, Maddilapalem, and Bheemunipatnam, contribute to the lively and growing community of Visakhapatnam. Renowned as a major tourist destination in Andhra Pradesh, Vizag boasts captivating features like beaches, caves, Eastern Ghats, wildlife sanctuaries, and lush greenery covering 30% of the city. Landmarks such as Dolphin's Nose, Lighthouse, Kailasagiri, Beach Road, VMRDA Park, Visakha Museum, and Matsya Darshini Aquarium enhance the city's cultural and scenic allure.

The well-connected transportation system, including road and rail networks, Dwaraka bus station, and Visakhapatnam railway station, ensures easy accessibility. Sea and air travel facilities, represented by the Visakhapatnam Port and Visakhapatnam Airport, contribute to the city's connectivity. Notably, Visakhapatnam boasts India's tallest musical fountain in the Vuda City Central Park, adding a distinctive touch to its charm.

Why Buy Flats/Apartments in Visakhapatnam?

Visakhapatnam offers a well-connected transportation system, making commuting a breeze with city buses, auto-rickshaws, two-wheelers, and cars widely accessible. The city's extensive bus network, operated by APSRTC from the Dwaraka bus station, and a fleet of approximately 25,000 auto-rickshaws cater to public transport needs. With the Visakhapatnam railway station serving as a major hub, handling thousands of passengers daily, and a growing airport, the city ensures smooth connectivity. Additionally, the second-largest port in India enhances cargo handling, and cruise shipping to the Andaman and Nicobar Islands adds diversity to the transportation mix.

Beyond its robust infrastructure, Visakhapatnam's strategic location and thriving IT sector make it an enticing prospect for real estate investments. The Petroleum, Chemical and Petrochemical Investment Region (PCPIR) is poised to generate 1.2 million jobs, while initiatives like Sunrise Startup Village and Fintech Valley Vizag contribute to the city's ongoing growth. Major companies such as IBM, Wipro, and Tech Mahindra, coupled with the presence of Brandix India Apparel City, further enhance the city's investment appeal, providing employment opportunities for over 15,000 women in a centralized location.

Investment Trend in Visakhapatnam

Visakhapatnam has emerged as a preferred residential destination in Andhra Pradesh due to its continuous infrastructure improvements, international airport, and affordable housing options. Several emerging areas in Visakhapatnam, including Aganampudi, Atchutapuram, Bakkannapalem, Chinnamushidivada, Gajuwaka, Gajwaka Jn, Kommadi, Kurmannapalem and Madhurwada have caught the attention of homebuyers.

In areas like Pendurthi, PM Palem, Pothinamallayya Palem, Seethammadhara, Sheela Nagar, Sujatha Nagar, and Yendada, the average property prices typically range from Rs. 3,500 to Rs. 8,000 per square foot. Some top-selling projects in Visakhapatnam include Sai Lalitha Homes, Sunrise City, Anvika Indraprastha, Oceanic Heights, Vaisakhi Skypark and MVV Orchid.

Additionally, Visakhapatnam offers attractive rental yields. Madhurawada (1.1%), Akkayyapalem (1.71%), and Seethammadhara (22.52%) are some of the areas that offer the highest rental returns in Visakhapatnam.

Sqft Price for Top 20 Areas in Visakhapatnam

Here is the price list for some of the top areas in Visakhapatnam:

Disclaimer: The mentioned prices are taken from different sources and do not reflect the actual price. The price depends on the offered location, developer, and amenities.

Visakhapatnam's Real Estate Landscape

Visakhapatnam is home to esteemed educational institutions such as GITAM University, Gayatri Vidya Parishad College of Engineering, Damodaram Sanjivayya National Law University, Andhra University, and Mrs. A. V. N. College. The city's real estate market is flourishing due to an influx of students and job seekers. Notably, Madhurwada stands out as one of the most preferred residential areas in Visakhapatnam.

The Jawaharlal Nehru Pharma City (JNPC), situated in Parawada near Visakhapatnam, spans 2,400 acres and hosts major pharmaceutical companies, including Hospira, Mylan, Eisai, Reddy's Lab, Aurobindo Pharma, Torrent Pharma, Divis Lab, and more. Adding to the city's significance, the Andhra Pradesh Medtech Zone Limited stands as India's inaugural ultra-modern medical equipment manufacturing and testing facility, open to manufacturers and innovators.

Murali Nagar in Visakhapatnam is recognised for its residential offerings, premium conveniences, and strategic proximity to key business centres, making it one of the most affluent areas in the city. Also, Visakhapatnam features luxury projects such as MVV The Peak , offering residents a high-end living experience with top-notch amenities and spacious accommodations.

Renowned developers like MVV Builders, Shree Sai Ganesh Builders, Sardar Nest Group, Pan Builders, and AK Infra Holdings are operational in the region.