Overview of MVP Colony, Visakhapatnam

Location and Accessibility

MVP Colony is a well-developed residential area in Visakhapatnam, set right on the beachside. It provides easy access to many amenities like supermarkets, restaurants, eateries, bus stops, gyms, parks, cinemas, and the famous Kailash Giri. This area’s 5-minute walk from RK Beach makes it desirable for those valuing urban amenities and natural points[1!.

Infrastructure and Amenities

• The neighborhood has many hotels, restaurants, temples, parks, and hospitals.
• Key locations include schools (e.g., Sri Sathya Sai Vidya Vihar School, KKR Goutam School), colleges (e.g., Samatha College, Sankethika College), Ryhtu Bazar, Post Office, and hospitals.
• It also has recreational areas like gyms and cinemas.

Property Types and Pricing

• Apartments: Available in different sizes including 1 BHK, 2 BHK, 3 BHK, and 4 BHK. Prices vary from INR 14 Lac for a 1 BHK to INR 3.10 Cr for a 4 BHK. Properties can be in ready-to-move, semi-furnished, and unfurnished conditions.
  • Example: A 2 BHK flat costs between INR 63 Lac to INR 89 Lac, while a 3 BHK flat ranges from INR 1.39 Cr to INR 1.95 Cr.
• Land and Independent Houses: Details for Sector-2 are limited but the area offers plots and independent houses. For instance, a house in nearby Shivaji Palem might cost around ₹2.35 crores for a 7 BHK villa on a 100 sqyards plot.

Price Trends

• Property rates in MVP Colony increased by 37.87% in the last year, with the average price per sqft set at Rs. 11,111.
• These trends suggest that buying or selling properties in this area can be profitable right now.

Lifestyle and Community

• The area provides a convenient and vibrant lifestyle due to its proximity to schools, colleges, hospitals, shopping malls, and other services.
• Residents have access to beaches, parks, and a range of recreational facilities.

PropertyWala's Conclusion

The MVP Colony in Visakhapatnam is a solid choice for buying or renting property based on its strategic location, strong infrastructure, and range of amenities. This place’s close proximity to landmarks, educational institutions, and recreational spaces makes it appealing for families and individuals alike. With prices rising significantly, it also looks to be a good investment opportunity. However, specifics for Sector-2 within MVP Colony are limited, so a more targeted search or consulting local real estate agents might be beneficial for accurate details.