Ram Nagar: Emerging residential destination in Vizag
Ram Nagar, which is located about 16 km from the heart of the city of Vizag, is fast developing into a prominent residential destination which offers many important advantages. They include excellent connectivity across the city through some major roads that pass through the area as well as some very good infrastructure facilities. Besides, the affordability factor has also resulted in considerable demand for residential property in the area.
Connectivity
Ram Nagar is well connected to other areas across the city through some major roads that pass through it. Some of the major roads that pass through Ram Nagar are the Waltair Main Road, the Nowroji Road, the Sampath Vinayaka Temple Road, the Jail Road, the Daba Garden Road, the Ramanagar Road, among others. The city railway station is about 2 km away from Ram Nagar, while the Visakhapatnam airport is about 14 km away.
Infrastructure
Ram Nagar is renowned for offering many important infrastructure facilities. Some of the reputed schools in the area are the Bethany School, All Saint’s Convent, Sri Prakash Vidyaniketan, among others. There are many other prestigious educational institutions in the area like the Raghu Jr. College, the Pydah College and the NIS Academy, among others. The area is also renowned for housing many prominent health-care facilities like Seven Hills Hospital, Apollo Hosiptal, Omni RK Super Speciality Hospital and Care Hospital, among others. There are also many important religious institutions in the area like the Raghavendra Swamy temple, the Sri Rama temple and the St. Stephens Orthodox Syrian church, among others. There are also many other important facilities like banks, shopping centers, restaurants, parks, among others.
Developers and Realty Scenario
Ram Nagar has some important residential pockets in the vicinity like Nehru Nagar and Waltair Uplands, among others. The most commonly seen residential units here are 2 and 3BHK apartments. The prominent residential apartment projects in the area are MK Manor by MK Builders and Developers, Vizag Towers by Chilukuri Housing Projects and Pragatis Royale by Pragati Edifice, among others. The values of apartments in Ram Nagar ranges between Rs 30-70 lakh, with the sq. ft. value range being between Rs 3,500-4,000.
Future Prospects
Ram Nagar has the prospect of developing considerably in future as a prominent residential destination. However, much will depend on the rate at which the infrastructure in the area develops. There is tremendous scope for development both in terms of infrastructure as well as residential realty due to the presence of large expanses of vacant developable land. Besides, the affordability factor at present has also prompted many buyers to seek residential property in the area. The improvement in infrastructure facilities as well as better connectivity is expected to increase the demand for residential property in the area, which could lead to appreciation in property values. Investors can also expect higher returns on their property investments in future.
