Gopalapatnam: Upcoming residential destination in Central Vizag
Gopalapatnam is an upcoming residential destination in Central Visakhapatnam located about 13 km from the heart of the city via NH-5. Due to its strategic location, it is well connected across the city as well as to important landmarks in the vicinity. Besides, it has many important infrastructure facilities as well which has enhanced the demand for residential property in the area. With the prospect of Vizag being developed into a ‘Smart City’, the area is expected to grow further in realty terms.
Good Connectivity
Gopalapatnam is well connected to areas across the city as well as to other destinations through some important roads passing through it. The Araku-Visakhapatnam Road (SH-39) traverses the area connecting it with NH-5 which passes through its southern fringe. Besides, SH-39 connects it with Pendurthi-Anandapuram Road on its northern side. Simhachalam railway station is just about 1.5 km away from the city center while Visakhapatnam Junction railway station is about 10 km east of the area, off NH-5. Visakhapatnam Domestic Airport is about 4 km south of Gopalapatnam, along NH-5 while Visakhapatnam Port is about 8 km east of the area. Visakhapatnam Fishing Harbour is about 13 km away from the area while Visakhapatnam Natural Harbour is about 10 km south-east, off NH-5.
Developing Infrastructure
Gopalapatnam may not have the best of infrastructure facilities. However, they are adequate enough to be worth mentioning. Prestigious educational institutions in and around the area are Mahathi English Medium School, Bhashyam English Medium School and Sri Murali Krishna Degree College, among others. Renowned hospitals in the area are Simhagiri hospital, SR hospital and Hymavathi hospital, among others. Besides, there are many other important facilities in the area like banks, religious institutions, IT companies, shopping centers, restaurants, entertainment facilities and parks among others. Other important landmarks in Gopalapatnam are CMR Shopping Mall, Yerra Cheruvu Lake and Mourya theatre, among others.
Residential Realty Scenario
The residential realty market in Gopalapatnam is fast developing with many residential pockets making their presence felt across the city. Some of these pockets are Kothapalem, Adarsh Nagar, Srinivasa Nagar, Nagendra and Sursarla Colony, among others. The most common type of residential property here are apartments. Among them 2 BHK units in the price range between Rs 15-20 lakh are most in demand. There are many important completed apartment projects available for sale as per CommonFloor listing data. They include Welfare Balaji Enclave by Welfare Group of Companies, MVV Royal by MVV Builders and SVLN Towers I by Sri Lakshmi Constructions Builders and Engineers, among others. A prominent upcoming apartment project in Gopalapatnam is KSR Fortune Towers by KSR Developers.
Future Realty Prospects
Considering that Vizag is a surety to be taken up for development as a ‘Smart City’, Gopalapatnam would be one of the important areas in the city that is liable to see widespread infrastructure development. Its central location in the city is expected to benefit it immensely in terms of realty demand. Water shortage is unlikely to be an issue due to the presence of the Yerra Cheruvu lake. Easy connectivity to important transport landmarks like the railway station and airport is also likely to work to its advantage. Availability of parcels of developable land is expected to be utilised for residential projects. Investors in land are expected to get healthy returns on their investment.
