Pedda Waltair: An upcoming residential destination in North Vizag
Pedda Waltair is an upcoming residential realty destination located about 23 km away from the heart of Visakhapatnam. Strategically situated along the northern fringe of the city in the vicinity of NH-5, the area has seen rapid developments in residential realty in recent times. The area is renowned for the availability of affordable residential options from prominent developers. Besides, its connectivity as well as infrastructure facilities have also enhanced its appeal among buyers as well as investors.
Connectivity
Pedda Waltair is renowned for its proximity to the NH-5, being just about 1 km away along the Sivajipalem Road. The NH-5 connects the area to all the surrounding areas as well as areas across the city. Some of the prominent connecting roads in the area are Chinna Waltair10 Road, Beach Road, Karachettu Road, Adarsh Nagar Road etc. The area has an excellent road network with buses plying frequently through the area. The city railway station is just about 6 km away while the Visakhapatnam airport is located about 16 km away.
Infrastructure
The area has various infrastructure facilities that adequately address the requirements of its residents. Some of the reputed schools in the area are Kotak Salesian School, Siva Savani Public School, Sree Little Hearts School etc. Some of the other prominent educational institutions in the area are National Institute of Oceanography, Sri Ambikeshwara Kuchipudi Dance and Music Academy. The area is also renowned for many prestigious hospitals like Government ENT hospital, Communicable Diseases hospital, Tuberculosis hospital, Government Mental hospital, Visakha Eye hospital etc. There are also many important religious institutions in the area such as Sri Venkateswara temple, Sai Baba temple etc. Besides, the area has an array of other facilities ranging from banks, companies, shopping complexes, restaurants, parks etc.
Developers and Prices
Pedda Waltair is renowned for different residential options at affordable prices. The commonly seen residential units in the area are 2 and 3BHK apartments, in sizes ranging from 1,200-1,800 per sq. ft. Values of apartments in the area range from 3,500-4,000 per sq. ft. Some of the important completed apartment projects in the area are MVV Plaza by MVV Builders, Hema Plaza by Hema Constructions, Navyas NuPalace by Navya Constructions, MK Woods by MK Builders and Developers, Balaji Towers by Balaji Constructions etc.
Future Prospects
Due to the availability of numerous residential options at affordable values, the area has the prospect to develop into a major residential hub, for buyers looking for economical residential options with good facilities. However, with the image of Vizag set to see a makeover due to the prospect of it being developed as the new capital of Andhra Pradesh, there is bound to be considerable development in terms of better connectivity and infrastructure facilities. This could lead to the area commanding a greater residential realty clout, with more prominent developers entering the market with coming up with projects having better residential features. As a result there could be considerable demand for residences with appreciation in residential values also expected.
