Real Estate Properties in Vijayawada

Vijayawada is the third-largest city in Andhra Pradesh. It’s the commercial capital of the state, with well-established and growing agricultural and industrial transportation sectors. The city is also culturally rich and politically active. The global management consulting firm McKinsey & Company’s flagship business publication, McKinsey Quarterly recognized Vijayawada as a Global City of the Future.

Vijayawada was an important center during the rule of the Vishnukundina Empire in the 5^th and 6^th centuries. Later, it became Eastern Chalukya’s headquarters. The city, therefore, comprises temples and monasteries built during the period; for instance, Vijayawada has 5 rock-cut cave-temples built by the Badami Chalukyas in the 7^th century. There is a Buddhist monastery in the city as well. These ancient relics typically attract tourists from within the country.

Stats and Facts

• The population of Vijayawada, as per the provisional reports of the census 2011 is 10,48,240. The urban/metropolitan population, on the other hand, is 14,91,202
• Vijayawada registers a sex ratio of 997 per 1000 males. The child sex ratio, on the other hand, is 951 per 1000 boys
• The average literacy rate recorded in the city is 82.59%
• Literally meaning The Place of Victory, Vijayawada is located on the banks of the river Krishna
• Toys are extensively manufactured in Vijayawada, and Chromite is mined in the vicinity

Agriculture and Small-Scale Industries

• Agriculture is a major part of Vijayawada’s economy. The soil in the region is fertile, and the river Krishna is a source of water for agricultural activities
• Rice, sugarcane, and mango are the major crops grown in and around Vijayawada
• Besides agriculture, Vijayawada is also known for its hardware, iron, automobiles, and garment industries. In fact, Vijayawada is one of Asia’s largest automobile industry hubs
• Vijayawada’s GDP, as measured back in 2010, was $3 billion. The GDP projection for the city is $17 billion by 2025
• The industrial estate in Kondapalli houses over 800 industries. The region also houses a gas-based LANCO power plant and Vijayawada thermal power project

Connectivity

• The domestic airport in Vijayawada is located 19 km from the city, at Gannavaram. The flights that cater to this airport connect Vijayawada to major Indian cities like Bangalore, Hyderabad, Delhi, Chennai, and Mumbai
• The biggest Indian railway junction, Vijayawada Junction lies along the Chennai-Delhi and Chennai-Howrah rail routes. These are prominent rail routes that connect Vijayawada to other major cities located both up north and down south. The central government has assigned Vijayawada Junction with the A-1 status
• The National Highways NH 5, NH 9, and NH 221 easily connect Vijayawada to the rest of the country by road. Travel to places outside the city is catered to by the Andhra Pradesh State Road Transport Corporation (APSRTC) buses. Some private bus operators, too, provide bus service to travel outside the city
• The APSRTC also operates the Local Public Bus Transit buses, which are a public means of travel within the city. A new Bus Rapid Transit System, with dedicated bus corridors, is also in the pipeline
• Within the city, one can use motor-driven auto-rickshaws and manual-driven cycle-rickshaws, besides public transport

Vijayawada Civic Administration

• The Vijayawada Municipal Corporation is responsible for governance in the city
• Initially municipalty, the Vijayawada Municipal Corporation became a corporation after 3 village panchayats and 2 villages were merged with the city in 1981. Plans are now on to merge more villages with the city and make the city a Mahanagar
• The city comprises 59 political wards, with each of them being headed by an area corporator
• The administration of the corporation is taken care of by an elected body headed by the mayor
• Vijayawada also has its own Police Commissionerate. The Police Commissioner heads the Vijayawada City Police

Vijayawada Infrastructure

• The basic infrastructure of the city was developed during the British era. Since then, the city has seen a steady growth in infrastructure development. The major infrastructure component in Vijayawada however, is the transport connectivity. Whether it’s by air, rail, or road, the connectivity is excellent because of the supporting infrastructure
• Vijayawada is also big on entertainment, and is called Cine Rajadhani, meaning the Capital of Films. The city has around 45 theaters, 3 of which are multiplexes. It also features a number of malls and parks for recreation

Infrastructure Projects

Vijayawada Real Estate Market

• Vijayawada is an attractive real estate destination for investors, among the Tier-II cities in India
• The real estate market in Vijayawada is the sellers’ market, with large investments floating in the market
• The Market for residential property in Vijayawada is growth-oriented, as it readily embraces new concepts like residential townships
• The commercial market is also looking upwards, with big shopping malls like Big Bazaar and Shoppers Stop ready to set up malls in the city

Key Localities in Vijayawada

Charges by Government Bodies

Property Registration Charges

Stamp Duty: 5%

Registration Fees:

· For Sale: 0.5%

· For Lease: 0.1%

Southern Power Distribution Company Of A.P. Ltd.

The Southern Power Distribution Company Of A.P. Ltd. is the company responsible for the distribution of power in some of the districts of Andhra Pradesh. The transmission of power, however, is taken care of by the Transmission Corporation of Andhra Pradesh Limited.

Power Tariff

Vijayawada Municipal Corporation – Water Supply

Vijayawada Municipal Corporation is the local body responsible for the supply of water to Vijayawada.

Water Charges

For Below Poverty Line Families: Rs. 75/month

For General Category:

· Based on the property tax paid, there are three slabs of Rs. 125, Rs. 175, and Rs. 250.

· A fixed minimum charge of Rs. 300 is also to be paid by every Household Service Connection (HSC).

City Civic Center

To ensure that citizens enjoy the benefits of e-governance, the Vijayawada Municipal Corporation set up the City Civic Center in an attempt to enhance internet penetration in the city. The city’s residents can walk up to the center and utilize the various civic services offered there. Services like registering a building plan, applying for a water tap, and requesting for a copy of the birth and/or death certificate can be availed here.