Overview of Malkapuram, Visakhapatnam

Location and Connectivity

Malkapuram, located in Visakhapatnam, Andhra Pradesh, is known for its strategic setting. This area is near other key spots such as Gajuwaka, which is a major industrial and residential hub. The locality enjoys good connectivity to major roads and highways, making it a popular choice for buyers and renters alike.

Property Prices

• For Sale:

  • Malkapuram's property prices typically start around Rs. 2,500 per square foot, with average prices also around Rs. 2,500 per square foot.
  • Apartments and flats can be purchased in the price range of ₹66.9 Lac to ₹1.04 Cr.
  • Particularly, 2 BHKs can be found from Rs. 20.2 Lac to 66 Lac.

• For Rent:

  • Rental prices change widely based on type and size. Here are some examples:
    • 1 BHK: ₹ 4,500 to ₹ 7,000 per month.
    • 2 BHK: ₹ 8,000 to ₹22,000 per month.
    • 3 BHK: ₹10,000 to ₹20,000 per month.

Types of Properties

• Apartments and Flats:

  • Different configurations of 1, 2, and 3 BHK apartments are available to buy or rent.

• Independent Houses:

  • Houses and villas are also available, ideal for those wanting more space and privacy.

Amenities and Infrastructure

• Educational Institutions:

  • Proximity to schools and colleges is significant for families looking to settle here.

• Healthcare:

  • Nearby hospitals enhance the locality's appeal, like RK Hospital in Gajuwaka.

• Shopping and Entertainment:

  • Local markets, shopping centers, and entertainment options add to the quality of life.

• Transportation:

  • Great links to public transport and major roads, making commuting easy.

Pros and Cons

Pros:

• Excellent connectivity and location
• Availability of various property types
• Close to amenities such as schools, hospitals, and shopping centers
• Range of price options

Cons:

• Some areas might be densely populated, affecting privacy and tranquility
• Traffic and industrial activities in nearby Gajuwaka might impact the environment

PropertyWala's Conclusion

In conclusion, Malkapuram in Visakhapatnam offers a mix of affordability, connectivity, and amenities. This makes it a good spot for both buyers and renters. People need to consider what's important to them, like the distance to work, schools, or other services. Overall, Malkapuram can meet various lifestyle needs within budget constraints. It's a wise pick for real estate investments or rentals in Visakhapatnam.