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Top 21 New Residential Projects in Madhurawada, Visakhapatnam

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About Madhurawada, Visakhapatnam

Madhurawada, situated in Visakhapatnam, lies in the northern part of the city, known for its emerging development and serene surroundings. Hosting a population of 85,431, this locality covers an approximate area of 20.44 square kilometres.

Spread across a significant expanse, Madhurawada comprises diverse neighbourhoods and adjacent areas like Rushikonda, Sagar Nagar, and MVP Colony, offering a well-connected community vibe amidst its evolving landscape.

Tourists visiting Madhurawada can explore nearby attractions such as Rushikonda Beach, Kailasagiri Hill Park, and the INS Kurusura Submarine Museum, which are within easy reach, adding to the area's appeal for both residents and visitors.

Why Should You Invest in Madhurawada?

Investing in Madhurawada proves to be a compelling prospect due to its consistent and rapid increase in property values. The area boasts an impressive average property for flats, starting at Rs. 4,600 per square foot, alongside a commendable net rental yield of around 4.6%. This thriving rental market makes it an attractive choice for investors seeking property appreciation and rental income.

Madhurawada stands out further with the active involvement of renowned developers such as PVR Infra Developers, Flora Constructions, Shree Sai Ganesh Builders, MVV Builders and Aditya Construction Company. Their involvement not only fuels the area's progress but also assures potential investors, underlining a solid groundwork and trustworthiness that amplifies the allure of investing in Madhurawada.

Price Trends in Madhurawada

Here is the statistical data to understand the price trends in Madhurawada, Visakhapatnam:

Year Price/Sq ft
2019 Rs. 3,600
2020 Rs. 3,900
2021 Rs. 4,100
2022 Rs. 4,250
2023 Rs. 4,600

Disclaimer: All the above-mentioned prices are based on the data collected from different sources and do not reflect the actual price. The above-listed price may vary as per the developer, location, and amenities.

Top 5 Reasons to Invest in Madhurawada

1: Strategic Connectivity

  • NH-16 runs through Madhurawada, ensuring smooth connections across Visakhapatnam.
  • The Vizag-Srikakulam Highway intersects this area, complemented by Marikavalasa Road and Kommadi 100 ft road, enhancing local and citywide accessibility.
  • Commuters benefit from nearby bus stops like Marikavalasa, Visakhapatnam, and Madhurawada, facilitating daily travel.
  • Visakhapatnam Railway Station, located on the Visakhapatnam-Vijayawada Section, sits approximately 16 km away from Madhurawada via NH-16.
  • The Visakhapatnam International Airport lies roughly 25 km away from Madhurawada via NH-16, ensuring convenient air travel access.

2: Top-Notch Infrastructure

Madhurawada boasts a comprehensive infrastructure. The presence of reputed schools, well-equipped hospitals, diverse restaurants, and entertainment venues enhances the overall quality of life for residents and contributes to the attractiveness of the locality.

Leading Schools Renowned Healthcentres Entertainment Venues
Sri Chaitanya Engineering College Bethany Christian Hospital Sai Fancy Store
APSWR Centre of Excellence Surekha Talli Pillala Hospital M V P Supermarket
Delhi Public International School VGP Hospital Sai Ram Wines
The Globe School Gayatri Vidya Parishad Institute of Healthcare & Medical Technology Sri Raghavendra Caterers
Sri Venkateshwar Vidya Peeth Sai Sriram Medicals Ruchi Parcels

3: Thriving Business Hub

  • Hosting the Startup Village, it accommodates various companies such as Conduent Business Services India LLP, Cyient Limited, IT HILL NO.3, Melon Studios, and NASSCOM 10000 Startups Warehouse.
  • Within a convenient 20-minute radius, other notable companies like ACN Infotech India (Pvt) Ltd, Clove Technologies, Manuh Technologies, Fintech Valley, and Symbiosis Technologies are easily accessible from this locale.
  • Recognized globally, Dr Reddy's Laboratories is a prominent research institute situated in Madhurawada.

4: Supreme Residential Projects

5: Good Capital Appreciation

Madhurawada, Visakhapatnam, exhibits a consistent appreciation in its real estate market, with land prices ranging from Rs. 4,300 to Rs. 8,800 per square foot. Over the last decade, land rates have surged by an impressive 234.6%, indicating a sturdy and sustained growth trajectory. This enduring uptrend in property values, combined with recent stability, establishes Madhurawada as an attractive prospect for potential investors seeking favourable returns.

FAQs

What is the PIN code of Madhurawada?

The PIN code of Madhurawada is 530048. It is located in Visakhapatnam.

What is Madhurawada famous for?

Madhurawada in Visakhapatnam, Andhra Pradesh, is renowned for being a significant business and residential hub. Notably, it houses the Visakhapatnam IT Special Economic Zone, situated in the proposed smart urban city.

The region is gaining attention for its upcoming Special Tourism Zone, featuring hotels, an amusement park, and an oceanarium. Madhurawada also boasts popular tourist sites like Pothinamallayya Palem, Chandrampalem, Midhilapuri VUDA colony, Revallapalem, Ganesh Nagar, and Port colony.

Is Madhurawada a good place to live?

Madhurawada in Visakhapatnam offers diverse and attractive housing options. It enjoys excellent connectivity through the Visakhapatnam Airport, Railway Junction, and the passage of National Highway 5. Notable schools including Delhi Public School and Timpany School thrive here, along with healthcare provided by Seven Hills Hospital.

Residents can enjoy recreational activities at Indira Gandhi Zoological Park and Kailasagiri Hill. With its connectivity, educational facilities, healthcare services, and recreational offerings, Madhurawada ensures a well-rounded living experience.

What is the future of Madhurawada?

Madhurawada's future looks promising with Vuda's IT city project on 20 acres. The locality boasts diverse rental options. Average monthly rent ranges from Rs. 4,100 to Rs. 5,800. Noteworthy projects like Flora Heights and PVR Elite Avenue make Madhurawada an appealing residential destination with a balanced mix of affordability and premium offerings for tenants.

What are the current development projects in Madhurawada?

What are the top schools in Madhurawada?

  • Sri Chaitanya Engineering College
  • APSWR Centre of Excellence
  • Delhi Public International School
  • The Globe School
  • Sri Venkateshwar Vidya Peeth
  • Balaji's Highfields School
  • Happy Life World School
  • Ganesh Public School
  • Pollocks School
  • Jawahar Navodaya Vidyalaya

What are the top hospitals in Madhurawada?

  • SevenHills Hospital
  • Apollo Hospital
  • King George Hospital (KGH)
  • Manipal Hospital
  • Care Hospitals
  • Queen's NRI Hospital
  • Nikitha Hospital
  • Omega Hospitals
  • Mahatma Gandhi Cancer Hospital
  • Indus Hospitals

What are the best restaurants in Madhurawada?

  • Biryani Hault
  • Spice Paradise
  • Spicy Bowl
  • Brewbakes Cafe
  • Chikoos Food Court
  • Raj Dhaba
  • Sri Ram Restaurant
  • Sri Raghavendra Caterers
  • Ruchi Parcels
  • Sai Ram Wines

What are the petrol stations in Madhurawada?

  • HPCL Petrol Pump
  • Bharat Petrol Pump
  • Police Welfare Petrol Bunk
  • Indian Oil
  • HP Petrol Pump
  • HP Gas Station Extension
  • Reliance Petroleum
  • Sontyam Petrol Pump
  • Anuradha Auto Service Center
  • Hindustan Petroleum

What are the top gyms in Madhurawada?

  • Traxx Fitness
  • Gurudatta Health Gym
  • Fitness Edge
  • JK Power Gym
  • Fit & Gym
  • FitHack
  • Core Fitness
  • Vigor The Fitness Club
  • My Masters Gym
  • Happy Life Fitness World

What are the shopping malls in Madhurawada?

  • Ramakrishna Complex
  • PMP Super Market
  • M.V.C. Super Market
  • Khushi Shopping Mall
  • Chandu Central
  • Westside
  • BSR Complex
  • MVV Store
  • Trends
  • Vizag Adventurers Gears
  • Inorbit Mall

What are the top hotels in Madhurawada?

  • Hotel Golden Arrow
  • Hotel Class One
  • Sai Priya Beach Resort
  • The Invitation 365 Hotel
  • The Capital Hotel
  • Hotel Touchwood
  • Merlot Leisures
  • The Beacon Hotel
  • The Sunrise Inn
  • Varun Beach Hotel

What are the parks in Madhurawada?

  • Park Center
  • Magadha Park
  • Sai Ram Park
  • GVMC Park
  • Harita Park
  • Midhilapuri Public Park
  • Divider Park
  • Yendada Walkers Park
  • Revenue Colony Park
  • Shilparamam

What are the top attractions in Madhurawada?

  • MMRDA-Kailasagiri
  • Borra Caves
  • TU 142 Aircraft Museum
  • Indira Gandhi Zoological Park
  • Shilparamam
  • Tenneti Park
  • Thotlakonda
  • Dolphin's Nose Lighthouse
  • RK Beach
  • VMRDA Park

How much does a 1 BHK cost in Madhurawada?

1 BHK in Madhurawada costs in the range of Rs. 18 Lakh to Rs. 28 Lakh.

What is the average size of a 1 BHK in Madhurawada?

The average size of a 1 BHK in Madhurawada is 540 sqft.

What is the rent of a 1 BHK in Madhurawada?

The rent of 1 BHK in Madhurawada lies in the range of Rs. 5,800 to Rs. 8,500 per month.

How much does a 2 BHK cost in Madhurawada?

2 BHK in Madhurawada costs in the range of Rs. 35 Lakh to Rs. 98 Lakh.

What is the average size of a 2 BHK in Madhurawada?

The average size of a 2 BHK in Madhurawada is 960 sqft.

What is the rent of a 2 BHK in Madhurawada?

The rent of 2 BHK in Madhurawada lies in the range of Rs. 8,800 to Rs. 14,500 per month.

How much does a 3 BHK cost in Madhurawada?

3 BHK flats in Madhurawada costs in the range of Rs. 88 Lakh to Rs. 1.07 Crore.

What is the average size of a 3 BHK in Madhurawada?

The average size of a 3 BHK in Madhurawada is 1330 sqft.

What is the rent of a 3 BHK in Madhurawada?

The rent of 3 BHK in Madhurawada lies in the range of Rs. 15,800 to Rs. 28,500 per month.

How much does a 4 BHK cost in Madhurawada?

4 BHK flats in Madhurawada costs in the range of Rs. 95 Lakh to Rs. 1.28 Crore.

What is the average size of a 4 BHK in Madhurawada?

The average size of a 4 BHK in Madhurawada is 1880 sqft.

What is the rent of a 4 BHK in Madhurawada?

The rent of 4 BHK in Madhurawada lies in the range of Rs. 25,800 to Rs. 38,500 per month.

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