Overview of MVP Colony, Visakhapatnam

MVP Colony resides in the lively city of Visakhapatnam, featuring an exciting mix of modern amenities and tranquil living.

Location and Connectivity

• Situated along the shore of the Bay of Bengal, MVP Colony boasts stunning scenic views.
• The area is linked through NH 16, MVP Double Road, and Beach Road, ensuring easy commuting.
• It neighbors localities such as Shivaji Palem, Lawsons Bay Colony, Isukathota, JR Nagar, and Durga Nagar, enhancing area allure and convenience.

Real Estate Market

• Real estate in MVP Colony is on the rise, showing a year-on-year increase of 37.87% in property rates.
• Prices currently average at Rs. 11,111 per square foot.

Types of Properties

For Sale:

• Apartments and Flats: Options of 2 BHK and 3 BHK are available, priced from ₹70 lakhs to ₹1.7 crore based on size and amenities.
• Independent Houses: Range from individual houses to builder floors, costs shifting widely with area and amenities.
• Plots: On offer are residential plots ranging from ₹4.06 Cr to ₹4.47 Cr, some stretching up to 24,300 square feet.

For Rent:

• Flats: Rental choices for 1 BHK, 2 BHK, and 3 BHK flats varying monthly from ₹10,000 to ₹42,000, many with no brokerage fees.
• Builder Floors: Affordable, offering modern amenities without the steep market rates.

Amenities and Infrastructure

• The colony is fitted with numerous hotels, restaurants, and cultural venues.
• It also supports several renowned hospitals and leading educational institutions, endorsing whole area development and prosperity.
• Transport is efficient, with green spaces offering serene recreational and leisure areas.

Developers

• Developers like MK Builders Pvt. Ltd., Northstar Homes, Lansum Properties LLP, and Navya Constructions add to house design quality and creativity in MVP Colony.

PropertyWala's Verdict

MVP Colony in Visakhapatnam is fantastic for both purchasing and renting, thanks to its strategic location, modern amenities, and strong real estate market growth. Choosing from affordable plots, apartments to luxurious houses, it caters to varied budgets and needs. This area's stellar connectivity, robust infrastructure, and welcoming living environment make it perfect for families, professionals, and investors eyeing property market trends.