Dwaraka Nagar: High potential residential destination in Vizag
Dwaraka Nagar, located about 16 km north-east of the heart of Visakhapatnam via Port Main Road, has immense potential of developing into a prominent residential destination. Along the years, it has transformed into an important business center in the city. Its proximity to AH-45 and the presence of many important infrastructure facilities lends it a distinct edge in terms of realty development.
Well connected
Dwaraka is well connected across the city through the NH-5 (AH-45) which passes through its northern fringe. Some of the other important roads that pass through its vicinity are Ramatalkies Road, Jail Road and Diamond Park Road. APSRTC buses ply through its vicinity with many bus stops dotting its fringes. It is about 3 km north-east of Visakhapatnam Junction railway station via the Railway New Colony Road. Visakhapatnam Airport is about 12 km west of the area, off NH-5 while Visakhapatnam Fishing Harbour is about 6 km south of Dwaraka Nagar, via Beach Road. Besides, Visakhapatnam Port is about 14 km south-west of the area via Scindia Road.
Good Infrastructure Facilities
Dwaraka Nagar has some important infrastructure facilities that has provided a facelift in terms of enhancing its reputation as a residential area. Reputed educational institutions in the area are Dr Lankapalli Bullayya College and Ravindra Bharathi School, besides housing the prestigious Sikkim Manipal University. Apoorva hospital is an important health-care facility here. Durga Ganapathi temple is an important religious institution here. Many prominent companies like Wipro and Mahindra Satyam have their offices in Dwaraka Nagar. Sree Rama theatre is an important entertainment facility in the area. It also has some renowned parks like Central park and Diamond park, among others. Besides, there are many other infrastructure facilities that include banks, shopping centers, restaurants and play grounds, among others.
Developers and Realty Scenario
There are many important residential pockets in Dwaraka Nagar which include Resapuvanipalem, Santhi Puram, Ganesh Nagar and Madhuranagar, among others. About 32 per cent of the residential property here are apartments with a majority of them being 2 BHK units. An important completed apartment project here is Vinayagar Annapurna by Vinayagar Promoters and Builders.
Future Prospects
Dwaraka Nagar has the potential of developing into an important residential hub in Vizag. Factors contributing to this prospect include good connectivity and adequate infrastructure facilities besides its proximity to important transport facilities. The prospects of the infrastructure in the area developing further is bright. This could enable many prestigious developers to embark on residential projects here. Investors in land can expect healthy returns in future with land values expected to appreciate in course of time.
