6 months ago
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The existent property assemblage successful Vizianagaram witnessed important maturation successful 2025, acknowledgment to the ongoing operation of the planetary airdrome astatine Bhogapuram and the Visakhapatnam-Raipur nationalist road via the Fort City.
Vizianagaram’s promixity to Visakhapatnam, wherever caller projects of Google, Infosys and Cognizant among others are coming up, is different operator of the boom. The region from Vizianagaram to the IT Special Economic Zone astatine Madhurawada successful Visakhapatnam is hardly 40 km.
K.S.C. Bose, State vice-president of Confederation of Real Estate Developers Association of India and MD of Pride Developers, said authorities absorption connected improving infrastructure betwixt Visakhapatnam and Vizianagaram is 1 of the main reasons for the realty sector’s growth successful and astir the Fort City.
Techies and others who cannot spend properties successful Visakhapatnam are looking to Vizianagaram, wherever prices are comparatively lower. A quadrate gait of onshore costs implicit ₹30,000 to ₹40,000 connected the outskirts of Visakhapatnam portion it costs lone ₹10,000-₹15,000 successful Vizianagaram gated communities. While the outgo of a quadrate ft astatine an flat successful Visakhapatnam is betwixt ₹4000 and ₹7000, it is betwixt ₹3000 and ₹4000 successful Vizianagaram. Villas are besides disposable for astir ₹70 lakh successful and astir Vizianagaram.
Madhan Group managing manager M. Madhan Babu said request for properties has gone up importantly implicit the past six months. “We developed a caller gated assemblage task astatine Gunkalam on Visakhapatnam-Raipur highway. Surprisingly, astir of the buyers successful the task are from Visakhapatnam. Civic infrastructure specified arsenic colleges, hospitals and multiplex theatres made them bargain properties successful Vizianagaram. We deliberation Vizianagaram volition go different Shamshabad with the improvement activities specified arsenic the airdrome and the Visakhapatnam-Raipur highway,” says Madhan Babu portion speaking to The Hindu.
Sivva’s Constructions managing manager Sivva Narayana Rao says galore customers are keen connected buying properties arsenic the outgo of surviving is little successful Vizianagaram. According to him, quadrate ft outgo is astir ₹2500-₹4000 successful Vizianagaram.
