Overview of Machavaram, Vijayawada

Machavaram, situated in Vijayawada, is a neighborhood that has been making heads turn because of its affordable and developing real estate market.

Property Types and Prices

• Residential Apartments:

  • These come in various layouts, including 2 BHK apartments, priced from Rs. 35 Lac to Rs. 45 Lac.
  • Occasionally, we can find properties at around Rs. 55.0 Lac for a 2 BHK apartment.

• Plots for Sale:

  • Residential plots are being sold in nearby places like Durgapuram. Prices start from ₹80 Lac for a 900 sqft plot, which equates to ₹8,889 per sqft.

• Rental Properties:

  • Both houses and villas are available for rent. Rent for a 1 BHK property is typically around Rs 6000 per month. These properties usually cover a plot area of 450 sq ft and contain 1 bathroom.

Key Highlights

• Affordability:

  • Machavaram stands out as an affordable housing destination, making it a good option for folks seeking budget-friendly homes.

• Developer Presence:

  • The neighborhood is mainly made up of residential apartments developed by local developers, pointing to a growing real estate market.

• Average Price Per Sq-Ft:

  • The average price for a property in Machavaram is around Rs. 5357.0 per sq-ft. This sits well relative to other areas in Vijayawada.

Amenities and Infrastructure

• Though specific amenities aren't outlined, Machavaram is being developed by local developers which would suggest basic services such as schools, hospitals, and shopping centers are available or will be in the future.

PropertyWala's Conclusion

For someone thinking about buying or renting property in Machavaram, Vijayawada, the area brings a blend of affordability and growth opportunities. It offers a variety of properties, from apartments to plots, to suit different buyer needs. Given its affordability, Machavaram is fantastic for people looking to invest in a growing real estate market with potential returns. But always remember to check personally to make sure they meet your specific needs and hopes.