Overview of Duvvada, Visakhapatnam

Location and Accessibility

• Duvvada sits in a suburban zone of Visakhapatnam, Andhra Pradesh.
• The Visakhapatnam International Airport is around 12 km via NH-16 and the station is roughly 19 km away through Port Road.

Property Types and Pricing

• We find a focus on plots in the area, plus many 2 BHK apartments in the mid-budget range.
• Independent Houses:
  • Prices span from ₹36 Lac to ₹99 Lac.
  • Sizes range from 800 sq.ft to 1800 sq.ft.
• Plots:
  • Prices range from ₹7.5 Lac to ₹55 Lac.
  • Sizes vary from 100 sq.yds to 260 sq.yds.
• Villas:
  • Only limited options, priced around ₹42 Lac.

Budget Segments

• Across the board, properties fill different budget slots:
  • Under 20 Lakhs: 7 properties
  • Under 50 Lakhs: 46 properties
  • Under 75 Lakhs: 27 properties
  • Under 1 Crore: 4 properties.

Infrastructure and Amenities

• Transportation:
  • Very close to Duvvada Railway Station at 2 km.
  • Easily accessible through NH-16.
• Amenities:
  • Close to Mustafa Junction for shopping.
  • Nearby educational hubs like Noble College of Technology and Science.
• Developments:
  • Flyovers planned at Kurmannapalem and Gajuwaka to ease traffic jams.

Real Estate Market Trends

• Most people go for properties less than ₹50 Lacs.
• The average sq.ft price here hovers around ₹3,800.
• Several VUDA-approved layouts on offer, good for 100% loan eligibility.

Challenges

• Parking is often a hassle due to narrow roads.

Rental Market

• Rental Values:
  • Affordable: < ₹10,000/month
  • Mid-segment: ₹10,000 - ₹13,000/month
  • Premium: > ₹13,000/month.

PropertyWala's Summary

Duvvada, in Visakhapatnam, offers a variety of real estate options from budget-friendly to mid-market prices. This makes it appealing for home buyers and investors alike. There are plots, independent houses, and 2 BHK apartments in plenty, especially VUDA-approved layouts. Though it connects well and houses key amenities, potential buyers should brace for parking problems caused by tight roads. Overall, it's a smart investment choice in Visakhapatnam's real estate market.