Madhurawada is the prime residential area in Vizag. Do check over the net for more details in connection with the following projects: Chilukuri Gardens, Panorama Hills, Sriram Projects etc. Chilkuri Brindavan estate is a good villa project in Madhuravada. I am not sure if all are sold out. Do check in with a trusted real estate portal for more details. You may get all required details including the floor plan. At Rs. 30-35 lakhs you may get decent apartments around 1200-1500 sq ft and with all required amenities. The strategic location of the place is a boon to all working class.
Property prices in Vizag are increasing day by day. There are several options to pick from. To name a few: the Sriram Panorama Hills at the tranquil Yandada- Madhurawada region, Chilukris Golden Gate, M K sapphire at Madhurawada, Vasanth Vihar at Madhurawada. I am not very sure about the price factor. Think at 30-35 lakhs you will get a 1000-1500 sq.ft apartment in Madhurawada. Anyhow prices are quite reasonable here. There are options for budget apartments as well. The area is very good in terms of infrastructure and very peaceful. Check out more details with the help of a trusted real estate portal.
Vizag is growing fast in all fronts. So choosing this place for your investment will not disappoint you. Real estate experts say that Vizag’s real estate is growing at a rate of 35% annually. Vizag is considered as the 5th fastest growing city in India. The city being thickly populated, there is a huge demand for property. There are some mega projects coming up here which is worth investing like the Vuda Housing project which is spread in 600 acres, NCL Housing Project, A.P housing project, Aditya Builders mega project etc. The real prices are said to be increasing at 20% annually.
Vizag offers value for money especially in the residential real estate market. As a number of people are migrating to Vizag for commercial and professional reasons, the overall occupancy rates are very high here. If you are seeking to invest Vizag is ideally suited. Many builders are actively investing in Vizag including many NRIs. The demand in Vizag is not based on a single factor. The export industry, tourism and IT are the three factors promoting the demand here. Several big projects are on the way. So you need not be doubtful about your decision and go ahead!