Madhavadhara: Affordable residential destination in Vizag
Madhavadhara which is located about 14 km north of the heart of Visakhapatnam is witnessing increasing demand for residential realty in recent times. It is an area which is renowned for its availability of affordable residences which has seen the demand for residential property increase many fold in recent times. Besides the affordability factor, there are many other reasons for the upsurge in residential demand. One of these is its proximity to the NH-5. Moreover, it is also in the vicinity of many other important residential micro-markets like Seethammadhara, Simhachalam and Marripalem. The proximity of the Visakhapatnam Airport is also a notable factor facilitating demand.
Connectivity
Madhavadhara offers excellent connectivity across the city through the NH-5 (AH-45), which runs along its southern periphery. It is also well connected to the Pendurthi-NAD BRTS Expressway (SH-39) through the NH-5. It has a well-knit road network with many bus stops dotting the area at important destinations. The nearest railway station from Madhavadhara is the Marripalem railway station which is located about 2 km away, while the Visakhapatnam Airport is about 6 km away along the NH-5.
Infrastructure
The infrastructure facilities in Madhavadhara are adequate even though there is tremendous scope for further development. Some of the reputed schools in the area are the Bhashyam Public School, the Bala Bhanu Vidyalayam and the Navy Children’s School among others. The Government Polytechnic College and the Government ITI for Girls are other important educational institutions in the area. One of the important hospitals in the area is the Aditya Obstetrics and Gynaecology Hospital. Moreover, there are a few important companies including IT companies here. The area has also many other facilities like banks, shopping centers, restaurants, parks among others.
Developers and Realty Scenario
Madhavadhara has some important residential pockets like Murali Nagar, Kalinga Nagar, VUDA layout and Burma colony among others. Most of the residential units here are either 2 or 3BHK apartments. Some of the important completed apartment projects here are Sri Sai Sadhan by Bhoomatha Real Estates and Developers, PRK Annapurna by Rohini Constructions, Sri Santhi Land Mark by Sri Santhi Builders among others. Some of the ongoing apartment projects here are Lansum Greens by Lansum Properties, PRK Dolphin Towers by Rohini Constructions among others.
Future Prospects
Madhavadhara presents immense residential realty potential due to the availability of affordable residences here. However, large scale development in residential realty can be expected only if the area gets a face-lift in terms of better infrastructure facilities. With the prospect of Vizag becoming the new capital of Andhra Pradesh quite bright, it is expected that there will be considerable improvement in the outlook of Madhavadhara. This is likely to bring in more developers due to the expected upsurge in demand for residential realty.
