1, vuda approved plot for sale near madhurawada , kommadi, gayatri engg college,visakhapatnam, clear title direct owner
rate 8000/- per sq.yd
2, 2/3 bhk flats for sale in sagar nagar visakhapatnam
rate 2300/- sft
3, 267 sq.yd vuda plots for sale near tagarapuvalasa , y junction gated community
rate : 3500/- per sq.yd
4, 550 sq.yd vuda plot for sale near sagar nagar ocen drive layout,
rate : 35000/- per sq.yd
267 sq.yd with 1500 sft built up independent house for sale near krishna collage ,maddilapalem ,visakhapatnam .. rate 1,50,00,000/-
900 sft ft , 2bhk flat for sale near krishna collage ,maddilapalem , visakhapatnam rate: 25,00,000/0
10 acres of land for sale near bhogapuram for sale
rate - 14 lakhs an acre
5 acres of land near tagarapuvasala for sale ,suitable for realestate ventures
rate 40 lakhs per acre
600 sq.yds of vuda approved plots for sale between sagar nagar- rushikonda - bhimili, beach front ,beach
price range Rs 15000/- per sq.yd
200 sq.yds plots of resort properties on the hill top , above 2500 sft above sea level , near araku ,plots for sale price 1500 /- per sq.yrd
Visakhapatnam growing on the back of commercialisation
Visakhapatnam growing on the back of commercialisation
Visakhapatnam’s residential realty market showed positive trends during the Apr-Jun 2012 period. Values appreciated and the number of transactions also increased by more than 30 per cent during this period. “Residential property values have noted an average appreciation of 10-12 per cent across the city and are expected to rise in the future as well.”
Visakhapatnam is witnessing new commercial projects in the IT and hospitality sector such as IT Parks, SEZ, IT corridors, a chemical plant owing to availability of land and lower values compared to neighbouring cities,” . There are also new retail projects budding up in the city such as multiplexes, shopping malls, five star hotel and other small and medium scale enterprises coming-up in the city which add to the buoyancy of the property market.
“With big multinational companies such as HCL, Sapient, and Infosys setting-up offices in the city along with the expanding retail sector with entry of international retailers the property market is set to buzz. There is more demand than supply in both the residential and commercial segment.”
Visakhapatnam is seeing initial phases of rapid economic growth due to increasing investments across industries including IT/ITeS, improved infrastructure and urban governance. The city is expected to grow further more and good returns are anticipated on the back of steady current and future demand.
Visakhapatnam, widely known as Vizag is situated in Andhra Pradesh on the Eastern shore of India. This port city is soon becoming an industrial hub of the east coast of India. Visakhapatnam is a
beautiful city with majestic hills, valleys and golden beaches along the Bay of Bengal coastline.
The large-scale real estate developments in Hyderabad, the city of nawabs is almost on the verge of completion. Next in line for real estate boom is Visakhapatnam popularly called ‘The Jewel of the East Coast’. It is the home of the Eastern Naval Command of the Indian Navy and has been thus, the best port in the country. Vizag is carving its position as the next IT hub of Andhra Pradesh after Hyderabad at a fast pace.
Today is the time of development for tier-III and tier-IV cities as metros are congested and tier-II cities are almost choked too. Visakhapatnam has become an important upcoming city for the Eastern India as IT industries are now swiftly entering in the city. Vizag offers easy availability of skilled labor, infrastructure and cost-effective real estate making it all the more attractive for industrial setups.
The boom in property building and the consequent hike in property prices have made this city a favorite with real estate developers. The sky rocketing prices of real estate in Hyderabad and lack of land for further expansion shifted the attention of realty developers to this port city of Andhra Pradesh. Not only this, the growth of technology sector i.e. coming up of software companies and SEZs in the city further spiraled up the interest of property investors. Various other projects by leading developers are adding to the boost in Visakhapatnam property. Some of the other reasons are:
The declaration of property projects by Encore India and Tata Consultancy triggered a hike in real estate prices while encouraging the interests of property investors in Vizag real estate.
VUDA has launched mega housing projects that would incorporate average and large sized apartments in collaboration with Singapore based promoters at a cost of Rs. 120 crores.
Construction of individual houses and bungalows in the city are competing with high rise apartments in Vizag. These high quality residential developments are fostering the demand and supply of real estate in the city.
Leading hospitality chains are also coming up with luxury hotels to address the need for expansion of hospitality sector.
Mega Chemical Industrial Estate (MCIE), a mega chemical complex is also proposed in Vizag in collaboration with the Indian Institute of Chemical Technology, Hyderabad.
Other residential constructions include a duplex homes project by Maurya Developers, Green Valley Township in Murali Nagar, an integrated township named Sunray Village by Sunray Properties, etc.
Visakhapatnam is witnessing an unprecedented growth due to all the above factors. It has been welcoming this quick appreciation of land rates from more than last five years. The growing NRI investments in luxury villas, apartments and farmhouses in the green environs of the city are also adding further to the growing real estate prices.
Even the retail sector is advancing with the setting up of large number of malls in the city. Few more shopping complexes are under construction and are expected to complete in next 6 months. It will soon see the prevalent entertainment culture with more hanging-out spots being planned for the city.
The real estate in Vizag, especially in residential sector is multiplying and so are the investments. It is just the right time to invest in property in Visakhapatnam as this upcoming IT hub on the east coast of the country.