Seethammandhra: Fast developing residential hub in Vizag
Seethammandhra is an emerging residential realty destination located about 19 km away from the heart of Visakhapatanam. Renowned for housing many residential apartments, the area has developed considerably in recent times due to the progress it has made in terms of infrastructure facilities. Moreover, the connectivity that the area offers through the AH-45 has also enhanced its appeal among investors and buyers. Many prominent developers have come out with residential projects that are selling like hot cakes. The ongoing projects have also evinced interest among buyers due to the development that the area has seen of late.
Connectivity:
Seethammandhra is well connected to areas across the city through the NH-5, which runs along its southern periphery. Seethammandhra Road is another prominent road that passes along the eastern periphery of the area. The area has a well-knit road network with many bus stops dotting the area. Seethammandhra is just about 4 km away from the city railway station while the Visakhapatnam Airport is about 11 km away.
Infrastructure:
Seethammandhra has many important infrastructure facilities which has enhanced its appeal considerably as a realty destination. Some of the reputed schools in the area are The Presidential School, SFS School, NMCH School etc. The International Business School and the International Institute of Hotel Management are other prominent educational institutions in the area. Some of the renowned hospitals in the area include Lions Cancer Hospital, Queens NRI Hospital and Rama Hospital. There are also many prominent IT companies in Seethammandhra like Essae Technology, Vridhi Info Solutions, Neosys etc. Some of the important religious institutions in the area are the Shree Abhayanjaneya Swamy temple, Durga temple, Gurdwara Sadh Sangat and Seethammandhra Masjid. Located on its western periphery are a cricket stadium, the Port stadium as well as the Kalavani Indoor stadium, all within the same premises. The area has a few lush parks like Hill View Park, Rocket Park and Sujani Park situated along its northern part. Besides, the area also has many banks, shopping centers, restaurants as well as entertainment facilitie.
Developers and Realty Scenario:
Seethammandhra is renowned for being a prominent residential destination in Vizag, housing many apartment projects, particularly along its west. The Balayya Shastri Layout and the Srinivasa Co-operative Society are important residential localities in Sethammandhra. Most of the residential units in the area are either 2 or 3 BHK apartments. Some of the important completed apartment projects in Seethammandhra are MK Paradise by MK Builders and Developers, Shree Sampath Castle by Shree Builders and Madhuri Hills by Sai Srinivasa Enterprises. There are also many ongoing apartment projects like Pavan Khaspa Nivas by Pavan Buildtech Projects. The value of apartment projects in the area range from Rs 3,500-3,800 per sq. ft. There are also many residential plots here with values ranging from Rs 8,000-10,000 per sq. ft.
Future Prospects:
Given its present clout as a prominent residential destination in Vizag, Seethammandhra is set to grow further in terms of residential demand. With the infrastructure here already being the topic of discussion, the area is expected to witness further growth in infrastructure development in the years to come. This is expected to have a major impact on the residential realty of the area. To cater to the rising demand for residences here, many prominent developers are expected to come up with prestigious residential projects. This could lead to considerable appreciation in residential values which will benefit investors as well.
