Overview of Anandapuram, Visakhapatnam

Location and Connectivity

Anandapuram in Visakhapatnam is known for its excellent connectivity. It's near big educational places like NRI, ANITS, and Avanthi colleges, and schools such as Ameya World School and Oakridge School. Plus, it's a short drive from the IT hub and the national six-lane highway, making it an appealing spot for folks and investors alike.

Property Types and Prices

Residential Properties

• Apartments and Independent Houses: On average, residential properties in Anandapuram cost around Rs. 3,801 per sqft. If you're starting out, prices hit Rs. 3,478 per sqft.
• Plots/Land: Land here costs between Rs. 1,650 and Rs. 3,000 per sqft. These plots come in different sizes and plans for various kinds of building.

Specific Pricing

• Average Price/Sqft for Apartments: Rs. 3,801
• Starting Price/Sqft for Apartments: Rs. 3,478
• Land Rates: Rs. 1,650 - Rs. 3,000 per sqft.

Amenities and Infrastructure

• Gated Communities: Many residential projects in Anandapuram are gated with features like entrance arches, walls, underground drains, and electric street lights.
• Roads and Connectivity: The area boasts well-developed infrastructure, with 40 feet wide black top roads and easy access to major highways.
• Recreational Facilities: Some projects feature children's play areas, fully landscaped parks, club houses, swimming pools, and indoor/outdoor games.
• Educational Institutions: The neighborhood is close to many schools, making it a great spot for families.

Market Trends and Growth

• Year-over-Year Growth: Property prices up 41.57% recently and
• Long-term Appreciation: Over the last ten years, land values surged by 180%, showing strong long-term investment potential.

Rental Options

For renters, Anandapuram provides plenty of choices, including:

• 1/2/3 BHK Flats: Available in fully and partially furnished.
• Independent Houses: A few choices, often in gated communities.
• Commercial Properties: You can find office spaces, PG accommodations, shops, and other commercial rentals.

PropertyWala's Conclusion

Anandapuram in Visakhapatnam stands out as a top real estate choice whether you're looking to buy or rent. Its strong connectivity, modern amenities, and rising property values make it a great option for both personal use and investment. With a variety of residential options, from budget-friendly plots to luxury apartments, and strong infrastructure, Anandapuram continues to grow, making it a smart choice for anyone in real estate in this area.