Madhurawada: An emerging residential suburb in Vizag
Madhurawada is
located about 33 km north of the heart of Visakhapatnam along the AH-45. Due to its strategic location, it is emerging as a prominent realty destination in the city. Besides the affordability, the area also boasts of excellent connectivity as well as good infrastructure facilities, along with the wide range of residential options available.
Connectivity:
Madhurawada is well connected to all parts of the city through the AH-45, which passes right through the middle of the area. The Visakhapatnam airport is located about 25 km away from Madhurawada while the city railway station is located about 13 km away.
Infrastrucuture:
Madhurawada has some good infrastructure facilities that has enhanced the demand for residential realty in the area. Some of the reputed educational institutions in the area are Chaitanya Talent School, Jawahar Navodaya Vidyalaya, VAPMS College of Physiotherapy, Gayathri College of Engineering, Masters College of Theology etc. Some of the religious institutions in the area are Astalakshmi temple, Saibaba temple, Jesus Leads Ministries etc. Besides, there are many important banks, shopping centers, restaurants, play grounds etc in the area.
Developers and prices:
Most of the residential units available in Madhurawada are either 2 or 3 BHK apartments. Besides, residential plots are also available in the area due to large parcels of vacant land seen in the area. Some of the major completed residential apartment projects in the area are Keerthana Arcade by Abhilash Constructions, Bhoomatha Srinivasa Enclave by Bhoomatha Real Estates and Developers, Vaisakhi Fortune by Vaisakhi construction etc. Some of the prominent ongoing residential apartment projects in the area are Panorama Hills by Shriram Properties, Unicode Pride by Unicode Enterprises, Lorven Altius by Lorven Builders etc. The average price for residential apartments in Madhurawada is about Rs.2,400 per sq.ft.
Future Prospects:
Madhurawada has tremendous potential to develop into a major residential area in Vizag. The area is bound to witness considerable development in infrastructure facilities in future. This along with the excellent connectivity and the affordability factor will result in a rise in demand for residential property in the area. This presents an excellent opportunity for developers to tap into the demand for residential property in this lucrative micro market and come up with prestigious residential projects.
