Overview of Akkayyapalem, Visakhapatnam

Akkayyapalem in Visakhapatnam stands out as a popular spot for both buyers and renters, owing to its advantageous location and amenities.

Property Prices

Real estate in Akkayyapalem remains attractive. For 2025, prices for flats hover between Rs. 5,586 and Rs. 6,692 per square foot, averaging at Rs. 6,372. Buyers can find properties priced anywhere from ₹14.1 Lac to ₹1.36 Cr, varying with size, type, and other attributes.

Types of Properties

The area offers diverse property options including apartments, villas, and builder floors. Each type comes with different configurations to suit varied budgets and needs. Apartments are especially sought after, often equipped with modern conveniences like elevators, secure car parks, generator power, municipal water supply, pools, and clubhouses.

Rental Options

Rentals in Akkayyapalem are plentiful. On average, a 2 BHK apartment typically ranges from ₹15,000 to ₹18,000 per month. For a 3 BHK, expect rental costs between ₹25,000 to ₹28,000 monthly. These rentals usually include perks such as 24/7 water supply, security services, and power backup.

Location and Connectivity

Akkayyapalem features excellent connectivity to significant locations in Visakhapatnam. It's near the national highway, and close to important spots like the railway station, bus station, and beach. Surrounding the locality are schools, hospitals, and shops, making daily living quite convenient.

Price Trends and Appreciation

Real estate prices in Akkayyapalem have appreciated markedly over time. A slight dip of 5.63% occurred over the last year. However, over the past 5 years, prices have surged by 27.1%, and skyrocketed by 50% over the last decade. This shows a generally stable and growing market.

PropertyWala's Verdict

Visakhapatnam's Akkayyapalem is a desirable area for both landlords and tenants. It combines affordability with luxury, backed by its strong connectivity, modern amenities, and robust market appreciation. Whether you want a spacious apartment or a standalone home, Akkayyapalem offers a variety of choices. Its resilience against minor fluctuations means it remains a wise pick for those eyeing Visakhapatnam real estate.