Being an alternative investment advisor-Real estate continues to be the preferred choice of investment for the surveyed millionaires. After speaking to numerous home buyers in the affordable segment and in response to their queries, the following are the top 3 most sought-after investment destinations in Vizag.
- Madhurawada
- Gajuwaka
- Atchutapuram
Madhurawada – leading the way as a primary option for home buyers / Investors / HNI’s-as many of the prominent developers are focused on constructing luxurious gated communities/apartments/Villas.
Major factors for the increased interest is upcoming digital IT hub and close proximity to shopping spaces, theatres, schools, hospitals, colleges, Beach and well connected to the highway. Few of the renowned developers in Madhurawada are MK Gold coast, Panorama Hills, MVV, Vaisakhi Sky Line, Pebble beach Villas, Aditya fortune towers. The area is a little costlier and subject to home buyers’ affordability.
Gajuwaka is the largest residential area and the next best option for the middle class & employees to invest because of the fact that it’s the busiest shopping Centre surrounded by international schools & colleges, Steel Plant, HPCL, Parks & landscaped gardens, NAVY, shopping malls, Wal-Mart, Cinema theatres, Railway station and Airport. Best Restaurant & food courts enabling for city hang-outs and is the most preferred zone for family time. Popular developers in this area were Celest, Sardar projects, Green city, Kavya Developers, MVV, Novus, and many more. Gajuwaka is growing very fast & definitely One can expect affordable sqft prices equivalent to quality construction offerings.
Atchutapuram the next investment hub for every investor, it is developing due to the presence of Multinational companies like Brandix, PEPSI CO, Asian paints, Pilkington, BARC – already started operating and generating huge employment and that’s where the ecosystem is evolving. These companies are home to most of the working professionals and encourage them for staying on rental or own a home, in order to reduce travel hours/commute and devote more time to family. Atchutapuram is well connected to the highway and had access to international schools, colleges, Hospitals, Restaurants, and of course a tourist place with spectacular beaches. A lot more to happen in the coming 2-3 years which is evident from the fact that these phenomenal developers like Sri Rama, Sardar Projects, Abhiram, RK, Honey Group had already initiated the construction of residential homes.
In a nutshell, this is the right time to invest since banks are offering 15 years of low-interest rates accompanied by PMAY subsidy and tax benefits. We hope you enjoyed our article and If you have any real estate inquiries, please contact us.
Thank you for reading, we are always excited when one of our posts is able to provide useful information on a topic like this!