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Explore Visakhapatnam’s Affluent Neighbourhood

Author: Houssed | Posted on: 13-May-2024
Explore Visakhapatnam’s Affluent Neighbourhood

Welcome to "The City of Destiny." Visakhapatnam, also known as Vizag, is a thriving industrial city on India's east coast. It is well-known for its dolphin's nose, ports, and strategic location, which provide numerous economic and commercial advantages. It has the potential for industrial growth in sectors such as zinc, steel, heavy engineering, shipbuilding, and electricity generation. Andhra University, engineering colleges, polytechnics, and industrial training institutes are part of the city's extensive social infrastructure.

This guide reveals Vizag's top ten posh areas, including information on property prices and popular attractions. Use this invaluable resource to decide on your ideal urban residence.

Top 10 Posh Areas in Visakhapatnam

1: Madhurawada

Madhurwada, a commercial hub that houses the Visakhapatnam IT SEZ, is gaining popularity among residents due to its proximity to NH-16, Metro Line 1, Railway Station, and International Airport. Its renowned educational institutions, such as St. Francis School, the Globe School, and recreation centres, attract the city's vibrant population. MVV Pinnacle Homes, MVV Sunrise, MK Vishnu, and MVV City are some of the city's renowned projects.

Madhurawada, a prestigious neighbourhood, offers 2 and 3 BHK apartments with an average property price of Rs. 5,000 per square foot, a 47% increase in the last five years, and monthly rentals ranging between Rs. 7,000 and Rs. 45,500.

2: Yendada

Yendada is an upscale neighbourhood with affordable rents and easy access via Endada Rushikonda Road and 60 Feet Road. It is home to renowned educational institutions such as Sanskriti School and Swechha Waldorf Inspired School, which provide high-quality education to students. Famous projects include KVR Luxe, MVV Green Garden, MVV Silver Homes, and MVV Lakshmi Residency.

Yendada offers 3 BHK apartments with an average home purchase price of Rs. 7,050 per sq ft and monthly rentals ranging between Rs. 5,550 and Rs. 45,560.

3: Gajuwaka

Gajuwaka, a mid-segment neighbourhood, is a popular shopping destination with numerous clothing and jewellery stores. Its proximity to Visakhapatnam International Airport and major employment centres like Gangavaram Port, Hindustan Petroleum Corporation Limited, and Visakhapatnam Steel Plant attracts visitors.

It is home to renowned educational institutions such as Oak Valley International School, Sri Chaitanya Techno School, Ravindra Bharathi School, and SFS School. Gajuwaka is home to several well-known projects, including Vaibhavs Sai Prasanna Enclave, Sardar Nest Sapphire, and MVV Sri Nivasam.

The average property price has increased by 30% in the last five years, and monthly rentals range from Rs. 5,550 to Rs. 28,550.

4: Pothinamallayya Palem

Pothinamallayya Palem is a popular neighbourhood with spacious two-bedroom apartments and proximity to major IT hubs such as Millennium IT Tower, Fintech Valley, and Sunrise Startup Village. Dr. Y.S. Rajasekhara Reddy Cricket Stadium is only a five-minute drive away.

St. Ann's CBSE School, R.T. School, Little Steps School, and Sri Raju School are well-known educational institutions in the city. Upcoming projects such as MVV Orchid and SRC Dwarakamayee attract homebuyers due to their popularity.

The average property prices are Rs. 5,550 per sq ft, with monthly rentals ranging between Rs. 7,550 and Rs. 65,550, indicating a remarkable price appreciation of over 42% in the last five years.

5: Sujatha Nagar

Sujatha Nagar is a popular residential area with plots, independent houses, and apartments, with two-bedroom units priced between Rs. 33.5 and 40.5 lakh. The region is accessible via Araku-Visakhapatnam Road, 80 Feet Road, Pendurthi Road, 60 Feet Road, and Pendurthi Railway Station.

Ravindra Bharathi School, Kidzee Pre School, and Oxford School are well-known educational institutions that attract students seeking a high-quality education.

Property prices in Sujatha Nagar have risen by more than 31% over the last five years, with monthly home rentals ranging from Rs. 8,550 to Rs. 20,550.

6: Seethammadhara

Seethammadhara, a posh neighbourhood, is well-known for its amenities tailored to students and families. Its success is attributed to its proximity to other cities and places of worship.

Students are attracted to prestigious educational institutions such as the Presidential School, Keystone School, S.F.S. High School, and Adarsh Talent School.

The average sale property price ranges between Rs. 18.1 crores and Rs. 3.6 crores, while monthly rents range between Rs. 14,550 and Rs. 35,550.

7: MVP Colony

MVP Colony is an upscale township in Visakhapatnam. It is divided into 12 sectors and has experienced significant real estate development, making it a major commercial and residential hub.

Maple Ridge School, Ralla Bella International School, and Divine Trinity School are well-known educational institutions in the city. MVP colony's average sale property price ranges from Rs. 23 lakh to Rs. 78 lakh, with monthly rent ranging from Rs. 6,500 to Rs. 20,500.

8: Muralinagar

Muralinagar is an affluent neighbourhood with numerous multi-story buildings and independent homes, but it is more expensive than other upscale areas.

The city boasts renowned educational institutions like Apoorva High School, Sowjanya High School, and Springboard International Preschool, along with a robust healthcare system such as Balaji Medical Center, Nirmal Hospital, and Suguna Hospital.

The average sale price of a property ranges from Rs. 25 lakh to Rs. 91 lakh, while the monthly rent is between Rs. 10,500 and Rs. 11,500.

9: Pendurthi

Pendurthi is a popular residential and commercial district in Visakhapatnam's western region, known for its picturesque water features and lush vegetation. It has a diverse range of houses, multi-story apartments, and plots and is rapidly expanding its commercial district. The area also has many essential amenities, such as markets, restaurants, parks, and gyms.

The city has well-known educational institutions such as Unique Public School, Narayana e-techno School, and Sri Prakash Vidyaniketan.

Pendurthi's average sale price ranges from Rs. 21 lakh to Rs. 93 lakh, with monthly rents between Rs. 5,500 and Rs. 30,500.

10: Pedda Waltair

Pedda Waltair, a popular residential area, attracts residents due to its proximity to prestigious colleges such as Andhra University and major employment centres such as Tech Mahindra, resulting in increased property values.

The average sale property price in Pedda Waltair ranges from Rs. 41 lakh to Rs. 83 lakh, with monthly rents ranging between Rs. 7,500 and Rs. 11,500.

4 Things to Consider When Buying a Property in Posh Area in Visakhapatnam

1: Amenities

When purchasing a home in a posh neighbourhood, prioritise amenities such as fast lifts, multi-level parking, private gyms, and open spaces over 24/7 security. To maximise your investment, buy a luxurious property with a good mix of these features.

2: Location

A prime location boosts investment value and ensures security while providing access to adequate infrastructure. When making a real estate investment, you should prioritise the location of your property.

3: Connectivity

When purchasing a property in Vizag, ensure that public transport is available for daily commutes to other parts of the city and state, as multiple connectivity options are essential for good residential properties.

4: Builder's Reputation

Select a reputable property builder with a proven track record of quality investments and future property values. Before choosing a developer for your luxury home, conduct a feedback survey or search online.

Conclusion

Top 10 posh areas in Visakhapatnam

  • Madhurawada
  • Yendada
  • Gajuwaka
  • Pothinamallayya Palem
  • Sujatha Nagar
  • Seethammadhara
  • MVP Colony
  • Muralinagar
  • Pendurthi
  • Pedda Waltair

Things to consider when buying a property in a posh area in Visakhapatnam

  • Amenities
  • Location
  • Connectivity
  • Builder's Reputation

FAQ's

The list includes the most upscale neighbourhoods in Visakhapatnam.

  • Madhurawada
  • Yendada
  • Gajuwaka
  • Pothinamallayya Palem
  • Sujatha Nagar
  • Seethammadhara
  • MVP Colony
  • Muralinagar
  • Pendurthi
  • Pedda Waltair

The top three posh neighbourhoods in Visakhapatnam are listed below:

  • Madhurawada
  • Yendada
  • Gajuwaka
Madhurawada, a posh neighbourhood in Visakhapatnam, is gaining popularity due to its proximity to the NH-16, Metro Line-1, special tourism zone, and airport. The city's diverse population is drawn to its prestigious educational institutions, including St. Francis School and Globe School, as well as the recreation centres.
Yendada is an upscale neighbourhood in Visakhapatnam. It offers low rents and is easily accessible via Endada Rushikonda Road and 60 Feet Road. It is located near prestigious educational institutions such as Sanskriti School and Swechha Waldorf Inspired School. Yendada offers 3 BHK apartments with monthly rentals ranging from Rs 5,500 to Rs 45,500.

Before purchasing a property in the posh area of Visakhapatnam, several factors must be considered, as listed below:

  • Amenities
  • Location
  • Connectivity
  • Builder's Reputation