Paravada in Vizag offers wide range of Affordable Plots

Paravada is a mandal in Visakhapatnam located about 20 km from the heart of the city on its southern suburb. The Paravada mandal consists of 18 villages, with Ravada being the most prominent one. It is being developed as an industrial area with many important industrial units proposed to come up here in future. Considering that the area has large parcels of vacant land, there are many residential plots available here at affordable rates that have been developed by prominent developers.

Connectivity

Paravada is well connected to the heart of the city through the Lankelapalem-Simhadri NTPC Power Plant Road which runs across the area. It is further linked to the heart of the city via the Steel Plant Road, the AH-45 and the GNT Road. Besides, there are many other roads connecting the different villages around Parvada. APSRTC buses ply across the area, connecting it with other areas across the city. The nearest railway station from Paravada is the Duvvada railway station located about 17 km away along the VEPZ Road.

Infrastructure

Considering that Paravada mostly consists of vacant land, there are not many prominent infrastructure facilities in the area at present. However, many important infrastructure facilities are proposed to come up here in the near future. Nevertheless, there are some important facilities that the area currently has. Some of the reputed schools in the area are Sanskruthi Global School, Sarvagna Public School and Paravada Girls High School, among others. The area also has some prestigious colleges like SSS College and Paravada Junior College, among others. Paravada also has a Government hospital. There are also many important religious institutions here like the Santoshi Ma temple, the Mookambika Matha temple and the Shivalayam temple, among others. Considering that Paravada is being developed as an industrial area, there are many industrial units here that include the NTPC, the Jawaharlal Nehru Pharma City, the New BARC and the Apparel Park, among others.

Realty Scenario and Plot Developers

Paravada mandal has 18 villages under its purview that in cludes Bharinkam, Cheepurupalle, Edulapaka Bonangi, Gorlivani Palem, Kalapaka, Kannuru, Lamarthi Agraharam, Manthripalem, Mutyalammapalem, Naidupalem, Paravada, Payakarao Bonangi, Pedamusidivada, Salapuvanipalem, Thadi, Thanam, Vennelapalem and Ravada.

Due to the vast expanses of vacant land in Pravada there are a considerable number of residential plots that have been developed by property developers. Some of the important plotted developments listed on Commonfloor.com are Bhavyas Sai Srushti and Aditya Enclave by Bhavya Constructions, RK Valley by RK Township Group, Prasanthi Coastal Village by Prasanthi Group and Siri Venkateshwara Balaji Hill County by Siri Venkateshwara Developers, among others. Plots are available in the size range between 1,500 and 4,500 sq. ft., with the rates of plots ranging between Rs 300-400 per sq. ft.

Future Prospects

Due to the presence of many industrial units in Paravada, there is bound to be considerable demand for plotted land here. The affordability factor could certainly attract many investors to the area with the prospect of earning healthy returns on their investment in future. However the appreciation in land values will depend to a large extend on the development in infrastructure as well as improvement in connectivity across the area.