Madhavadhara Overview, Visakhapatnam

Amenities and Location

Nestled in Visakhapatnam, Madhavadhara features top-notch amenities and is strategically positioned near main attractions. It offers excellent connectivity across the region, including to NH-16. Nearby standout neighborhoods include Muralinagar, Kalinganagar, and Kancharapalem.

Real Estate Pricing

For Sale

• Madhavadhara properties start at around ₹4,660 per sqft.
• The average price hovers at about ₹6,794 per sqft with a 2.47% year-on-year growth rate.
• Specific details include:
  • 2 BHK flats: Prices between ₹45 lakh and ₹62 lakh with sizes of 950-1120 sq ft.
  • 3 BHK flats: Ranging from ₹90 lakh to ₹1.4 crore, typically 1425-1640 sq ft.

For Rent

• A 2 BHK flat generally costs between ₹9,000 and ₹18,000 per month.
• For 3 BHK flats, monthly rates typically fall between ₹15,000 and ₹19,000. Higher rents, even up to ₹30,000 a month, can be found for semi-furnished or high-amenity options.

Property Varieties

• Apartments: Found in 2 BHK and 3 BHK variants, catering to both budget and luxury needs.
• Independent Houses: Though rare, a few standalone houses and plots are available.

Features and Infrastructure

• Secured Communities: Many Madhavadhara properties enjoy gated community privileges, offering security, parks, and community centers.
• Nearby Services: The area boasts proximity to schools, medical facilities, shopping, and other amenities.

Investment and Rental Opportunities

• Growth: The region's property prices have appreciated by 2.47% annually, showing strong investor promise.
• Rental Income: Monthly rents ranging from ₹9,000 to ₹30,000 yield good rental returns, making it an appealing choice for landlords.

PropertyWala’s Final Thoughts

Madhavadhara in Visakhapatnam is a strong prospect for both buyers and renters. Due to its strategic location, excellent connectivity, and diverse amenities, it stands out. The area offers both budget and high-end housing prospects, promising property value appreciation. For renters, Madhavadhara is a practical and modern option with reasonable rental rates. All in all, it offers a wide range of real estate opportunities to suit various preferences and needs.