Why Buy Properties in Madhurawada and Atchutapuram?
Visakhapatnam has for long been a jewel in the crown of Andhra Pradesh. It was no surprise when it was proposed as the executive capital of the state. It is known to be one of the largest cities in the state as well as a favoured hub for commercial activities. There’s been a rise in all sectors and real estate was no different. The sector has seen a rise not just in the city but also its peripherals. This raised the question, “Why to buy properties in Madhurawada and Atchutapuram?” among the buyers.
Buyers started approaching for plots and properties in the city of destiny. The destiny of the city took a sharp turn towards development and growth. It also helps that there are numerous top real estate companies in Vizag. These companies extend their support to investors and make the acquisition process easy.
On top of it all, Visakhapatnam was listed as the fifteenth most livable city according to the 2021 Livability Index released by the Centre for Science and Environment (CSE).
Among all the localities in Visakhapatnam, Madhurawada and Atchutapuram are two of the most well-known areas that are booming with proposals and projects. Residential, commercial, recreational, you name it, these places have it.
We will explore why each of these places is worth investing in in detail in the following sections.
Why Buy Properties in Madhurawada?
One area which is being talked about the most in terms of growth and investment opportunities is Madhurawada. There are various new constructions in Madhurawada that are catching the attention of several house owners and investors. This in turn is attracting a huge number of builders and developers rushing to sell properties.
There are several perks for selecting your property in Madhurawada. The expanding IT centre, the growing infrastructure, and the employment opportunities created are all working towards making Madhurawada the next hot thing. Indeed the properties are being bought and sold like hotcakes!
Why Invest in Madhurawada?
You may ask yourself, “Why should I invest in Madhurawada?” Well, let us provide you with the answer.
Madhurawada has now become one of the most rapidly developing localities in Visakhapatnam. There are residential and commercial projects lining up in and around the city.
If Visakhapatnam is a jewel in the crown of Andhra Pradesh, then Madhurawada adds to the jewel its shine and lustre.
The following facts provide some answers to the question posed -
One of the reason why Madhurawada is attracting investors is the affordability of the area. The prices of the property are affordable as compared with other developing localities. There is also a chance for getting higher returns on the investments.
The Proximity to the IT Hub Sector of Visakhapatnam
One main reason for the increase in demand of and buzz around the properties is the locality’s closeness to the IT centre which is spread over 22 acres. The locality being in the ‘proposed digitally smart urban city’ is an added perk.
Social and Retail Infrastructure
Madhurawada has one of the most developing social and retail infrastructures in Visakhapatnam.
Renowned schools like Delhi Public School, Greendale School, Intelli Pollocks, and Kidzee are present in the locality.
There are also standard hospitals like Gayatri Vidya Parishad Institute of Healthcare, Visakha Eye Hospital, and Vedanta Women and Children Hospital, present in the area.
For entertainment and recreational purposes, there are multi-screen theatres, shopping outlets, and food sector outlets that are present in and around the area. It also houses an international stadium where several big games have been played till date.
The locality has also been approved for the development of family entertainment centres.
Wide Range of Choices
Since there is a demand for properties in this area, builders and developers are offering a varied range of property styles and designs for home owners and investors to choose from. Buyers can now select from the wide range of new constructions in Madhurawada.
2 BHK & 3BHK flats in Madurawada are valued at an offer price by the builders and this is one of the reasons for their high demand. Buyers can also select from multi-storey apartments to villas and individual houses to invest in.
Madhurawada is also rated high on the livability quotient. One need not be surprised if the area is dominated by gated-communities in the coming future.
Ease of Travel
Madhurawada has great connectivity with the rest of the city as it has a highway running through it. Daily commute is facilitated by the RTC buses and other transport services.
After considering investing in Madhurawada, you might ask yourself which is the best real estate company in Madhurawada. There are several top real estate companies in Vizag that offer investment opportunities.
All the projects are up to the modern standards and offer space for innovation and smart designs. Even though they are present in a buzzing area, the properties allow for privacy, security, and peace. Amenities like parking space, continuous electricity and water supply, and rainwater harvesting are provided. The properties are also designed according to Vastu Shastra.
Growth in Madhurawada
One of the aspects looked for while investing in real estate is the growth of the locality in the present as well as in the future. The growth curve of Madhurawada has been gradually rising for a long time. The rise looks promising and does not show any hint of slowing down any time soon.
Through VUDA (Visakhapatnam Urban Development Authority), the state government issued invitations for residential, commercial, and hospitality infrastructure to be developed in Madhurawada.
The initial plan called for –
The IT sector to be spread over approximately 1,200,00 sqft of land,
Commercial and recreational sector to be allotted around 7,00,000 sqft of land,
And residential projects to be allotted around 3,00,000 sqft of land.
There has also been an extended focus on developing a self-sustaining IT centre in the locality. This was to increase the social and economic activities in and around Madhurawada. VUDA released a statement that it is aiming for a “continuous growth pattern”.
The government of Andhra Pradesh has issued zonal development plans in Madhurawada through VMRDA (Visakhapatnam Metropolitan Region Development Authority).
The area also offers large plot areas as compared with the other localities in Visakhapatnam. It is predicted that the growth and investment opportunities are more likely to increase in the coming days.
Why Buy Properties in Atchutapuram?
Atchutapuram is an up and coming location situated 42 kms south of Visakhapatnam. It is known for its increasing industrial activity and employment hubs.
Visakhapatnam is one of the most favoured cities by industries and IT companies. Due to this, localities that provide a wider scope of development and establishment of new ventures are being preferred by buyers and investors.
Atchutapuram has been pointed out as one such locality which has a lot of promise for growth and progress. There are many new constructions in Atchutapuram, ranging from 2BHK flats to villas.
Why Invest in Atchutapuram?
“When the flower blossoms, the bee will come.” – Srikumar Rao, author and former business school professor.
When an area is going under development it is very normal for investors to buzz around it. With the buzz comes the question – “Why should I invest in Atchutapuram?”
The following points will help in answering your question-
Atchutapuram is one among the rapidly developing localities of Visakhapatnam. The Andhra Pradesh Special Economic Zone (APSEZ) is located in this locality and is one of the largest employment generating sectors in the state.
There are several infrastructure projects available to invest in. This allows for the buyers to choose from a wide range of projects from 2 BHK flats to villas to plots.
Experts predict a chance of higher returns on investments in the future as the area is inclined to attract several other development projects in the area.
There are several best construction companies in Vizag that provide financial opportunities in Atchutapuram. These projects are modern, stylish, and accommodative. The properties offer its residents with all the required amenities like - parking, uninterrupted water and electricity supply, rainwater harvesting, and solar fencing.
Through the top real estate companies in Vizag, you can ensure a safety net by investing securely in one of the most happening localities of Visakhapatnam – Atchutapuram, the land that’s rapidly paving paths for advancement and progression.
Growth in Atchutapuram
The growth in Atchutapuram has been going steady for the past few years. It has only become an industrial hub but is also known for its employment generation sectors.
The Andhra Pradesh Special Economic Zone (APSEZ) in Atchutapuram is predicted to generate a turnover of approximately 4,500 crore rupees in the current fiscal year.
APSEZ has provided direct employment opportunities for 3,000 individuals since it began its operations. On top of it, the state government of Andhra Pradesh has allotted 180 acres of land for the Industrial Park in Atchutapuram.
There is also a proposal for the construction of a four lane road from the Gangavaram Port to Atchutapuram SEZ that would facilitate ease of travel.
Further, the draft plan on housing for 2041 generated by the VMRDA (Visakhapatnam Metropolitan Region Development Authority) has predicted that approximately 36,000 hectares (around 88000 acres) of land should be allotted for housing purposes. The draft plan hints at townships being developed in and around Atchutapuram.
This could see a potential rise in high-storey apartments and gated communities.
Saint Gobain, a manufacturing company, has allotted a special package of 2000 crore rupees for the manufacturing of Gypsum Plaster Board and float glass in Atchutapuram. This is predicted to generate direct employment for 450 individuals and indirect employment for 850 individuals which would be carried out in three phases.
Vizag is now the hub of investments, the key areas being Atchutapuram and Madhurawada. With the much speculated executive capital status to the city, the prices may see a rise in the near future. Now is the time if you are looking to invest here. The land is also set to become a scarce resource in these parts of the city and the city yet to expand its limits further.
It is going to be lucrative opportunity for investors to invest in Madhurawada or Atchutapuram. As for the home-buyers, with much of the state’s infrastructure being shifted and with new commercial infrastructure being developed for the purpose of various sectors, buying a home may be in the interest of the future.
Through this article, we hope we answered the two most important questions on your mind – “Why invest in Madhurawada?” and “Why invest in Atchutapuram?” With the rate of development happening in Visakhapatnam, we need not be surprised if more such places come up. Keep tabs on our blog to stay up to date with all the latest buzz in the real estate.
3,800 / Sq. Ft.
4,500 / Sq. Ft.
14,500 / Sq. Ft.
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