Location and Accessibility

NeELLAKUNDILU in Visakhapatnam is a growing real estate hotspot with great connectivity and access. It’s very close to the national highway, with the Neellakundilu junction being just 300 meters from the developments. This close proximity to major highways makes the place more appealing for residents and investors.

Regulatory Approvals

Properties in Neellakundilu are VMRDA approved. These approvals mean the layouts comply with all necessary legal and infrastructure standards, making it a secure and reliable investment.

Infrastructure and Amenities

The place has well-developed facilities like:

• Blacktop roads up to 40 feet wide
• Finished drainage systems
• Electricity and water supply
• Entrance arch and compound walls
• Amenities including swimming pools, play areas for kids, and indoor games facilities
• Located close to engineering colleges, international schools, and other educational institutions

Market Trends and Pricing

Properties here are priced affordably.

• Plots are available at ₹18,500 per square yard in gated communities.
• Prices range from ₹2,260 to ₹2,778 per square foot for residential land, catering to different budgets.

Development and Growth Potential

This area is experiencing fast development with many new projects. The Neellakundilu-Padmanabham road, facing a 200 feet layout, is a big project that is set to enhance the locality’s value and attractiveness.

Surrounding Area

Neellakundilu lies near other developed areas like Anandapuram and falls within the Greater Visakhapatnam Municipal Corporation (GVMC) area. Being close to urban amenities and services adds to the appeal.

Financing and Legal Aspects

Financing options are available here. VMRDA approvals make the legal processes straightforward. The spot registration option and 90-day time limit from booking date for registration make it both convenient and secure.

PropertyWala's Conclusion

Neellakundilu, Visakhapatnam, stands out as a great option for real estate. Its solid infrastructure, regulatory approval, and fast development suggest future high returns. With its accessibility, amenities, and secure legal structure, it is an attractive choice for buyers and renters wanting to invest in Visakhapatnam’s booming market.