Best places to buy investment property in Vizag
Visakhapatnam (also known as Vizag), formerly known as Vizagapatnam or Waltair, is one of the largest and most populous cities in the Indian State of Andhra Pradesh, which is nestled between the Eastern Ghats and the coast of the Bay of Bengal. It is one of the most lovable and livable cities in India because of its natural beauty and location, for which it is fondly called the Jewel of the East Coast. If you’re on the lookout for the best places to buy investment property in Vizag, we are here to tell you all about what kind of areas have been getting people’s attention over the last few years.
With a literacy rate of 66.91%, the city is home to many reputed Central and state educational institutions including Andhra University, Andhra Medical College, Indian Institute of Management, Indian Institute of Petroleum and Energy, Damodaram Sanjivayya National Law University, Indian Maritime University, and the National Institute of Oceanography.
Vizag has a cool climate and natural scenic beauties, like beaches, parks, hills, greenery, lots of vegetation, and historic sites making it the City of Destiny. With a population of more than 1 million, it is one of the fastest-growing cities in the country. The city also serves as the zonal headquarters of the South Coast Railway Zone and the Indian Navy’s Eastern Command. The city is also home to the oldest shipyard and the only natural harbor on the east coast of India. Visakhapatnam Port ranks fifth-busiest cargo port in India. If you are in search of the best way to invest in real estate, we are here to help you choose the best place to invest in Vizag.
The IT industry in the city is expanding massively. There are numerous IT parks with MNCs and Indian companies that are hiring professionals from all across the country. The pharmaceutical industry is big in the city. In addition, the city is known for its fishing, farming, mining, and petroleum industries. The city is inviting many people from all over the country for the facilities it provides and making it the best place to invest in real estate.
With the presence of International Airport, National Highway, South Coast Railway Zone, Visakhapatnam Port, the city is connected through railways, airways, waterways, and roadways. Therefore, has attracted a lot of investments in many areas and witnessed a lot of growth in terms of infrastructure and development. A booming economy has made the city one of the best places to invest in real estate 2022.
With the rise in IT and Pharmaceutical industries, a huge surge in residential and commercial colonies have become the need of the hour and made real estate in Visakhapatnam a booming market, hence there are plenty of fastest growing areas in Visakhapatnam.
Visakhapatnam has renowned industries such as Hindustan Shipyard, Visakhapatnam Steel Plant, Hindustan Petroleum Corporation Limited, National Thermal Power Corporation Limited, Naval Science and Technological Laboratory, Bharat Heavy Plate & Vessels Ltd, and Bharat Heavy Electricals Limited which have been glorifying the name of the city.
Now that you got to know about the features that make Visakhapatnam the most desired investment destination, let us dive in a little deeper into the specific regions in and around Visakhapatnam where you can invest your money without a doubt and get greater returns in the near future.
So What are the best places to invest in Vizag?
Madhurawada has become one of the most favorable real estate destinations of Visakhapatnam because it is amajor business and residential area of the City. It is one of the best places to buy investment property in Vizag that is located on the Visakhapatnam-Vizianagaram stretch of NH16 at around 16 km from Visakhapatnam City Center. The reason for its rapid growth is because Dr. Y. S. Rajasekhara Reddy International Cricket Stadium, Shilparamam Jathara lie in this suburb, and the IT HUB, which is also known as the Visakhapatnam IT Special Economic Zone. Madhurawada is a major commercial center and has many shopping spaces for wholesale purchases. There are schools, engineering, and medical colleges, movie theatres, etc. near this region.
Kapuluppada is a neighborhood situated in the Bheemunipatnam district of Visakhapatnam City, India, and is one of the developing areas in Vizag. The area is about 25 km from Visakhapatnam Railway Station. This area fulfills all basic infrastructural needs like CC roads, drinking water, sewage facilities for a comfortable living of families. Surrounded by the beautiful beach and the imminent IT Special economic zone is why it is developing at a fast rate and is the best place to invest in Vizag. It is surrounded by good educational institutions and developmental activities undertaken by Visakhapatnam Urban Development Authority which further increase the competition for land in this locality.
Boyapalem is a very prime residential location that is developing rapidly. It is well connected with the other parts of the city by trains, buses, and public transport. Transport facilities are also good in this locality. Schools, banks, and hospitals are available near the location. It is well connected with nearby cities like Anakapalle, Bheemunipatnam, Vizag, and Vizianagaram. Buyers and developers thinking of investing in Vizag real estate will definitely find Boyapalem the best place to invest in real estate.
Arilova is mainly a middle-class hub also known as the Health City of Visakhapatnam as many hospitals including Visakha Institute of Medical Science, L.V. Prasad Eye Hospital, Apollo hospital, Care Hospital, Gims Hospital, Pinnacle hospitals, M.B Hospital, and diabetes hospital are being built in and around Arilova. It is well connected to most locations of the city and also close proximity to the IT-SEZ area by the state-owned bus service. Hence, it is one of the fastest growing areas in Visakhapatnam.
Duvvada is a suburban area of Visakhapatnam city; and has a railway station which is the first station of the East Coast Railway. It is near to VSEZ Visakhapatnam Special Economic Zone and also to Vizag Steel Plant (RINL-VIZAG) and has many reputed educational institutions. The real estate scenario was at first gloomy but is now booming. The demand for investment property in Duvvada has gradually reached its pinnacle, making it one of the best places to invest in real estate 2022.
Sabbavaram is a town and educational hub of Visakhapatnam in the state of Andhra Pradesh in India. Anakapalle, Visakhapatnam, Bheemunipatnam, Vizianagaram are the nearby cities of Sabbavaram. It is located about 32 km from the Road Transport Corporation Complex, universities including the Tribal University, Damodaram Sanjivayya Law University, Petroleum University, and Indian Maritime University are located here. Real estate prices have increased by leaps and bounds in and around Sabbavaram because of the utilities available. One has to count Sabbavaram as one of the developing areas in Vizag.
Muvvala Vani Palem Colony (MVP Colony), is an urban neighborhood in the Indian city of Visakhapatnam and it is Asia's largest township with a population of more than 2 lakh. It is a well-developed colony in Visakhapatnam with many schools, colleges, sports grounds, Raithu Bazar, hotels, restaurants, temples, parks, and also hospitals. The Buddha Vanam attracts several women and senior citizens for meditation. District Rural Development Agency Office, Mee Seva Center, Andhra Pradesh Tourism Development Corporation Limited, Andhra Pradesh Government Life Insurance office, Central Bureau of Investigation, and Govt of Andhra Pradesh Mines and Geology Office are some of the government offices in the locality. If you want the best way to invest in real estate, this is the right location.
Pendurthi is a neighborhood in the city of Visakhapatnam, India, and is one of the developing areas in Vizag. It is considered the major residential and commercial area of the city and is located on the western fringe of Visakhapatnam city. It is connected to other parts of the state with both railways and roadways. Lately, the area has seen a huge demand for real estate as it fulfills almost all specifications of a well-developed locality.
Seethammadhara is located in the heart of Visakhapatnam city and is located about 12 km from Visakhapatnam Airport and about 6 km from Visakhapatnam Railway Station. It is regarded as the best places to buy investment property in Vizag. Queens NRI Hospital, NRI Hospital, and Lions Cancer Hospital, which is well known for the cancer treatment situated near to this locality. It is well connected to most locations of the city by the state-owned bus service. Seethammadhara is considered one of the finest and most lavish areas of Visakhapatnam.
The City of Destiny is surrounded by breathtaking landmarks and welcoming residents, making it the perfect place to live in. With many universities to choose from, an international airport just minutes away, a road system connecting you with various cities nearby and some of the best colleges located right here in this very city, the choices afforded to our citizens are endless. It’s time to move forward with your dreams by reaching out and taking action because the City of Destiny values your ambition.
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