Overview of NH-5, Visakhapatnam

NH-5, Visakhapatnam, is a notable locality in the city, providing a good mix of residential and investment choices.

Location and Connectivity

• NH-5 is strategically placed along the National Highway, ensuring superb access to important areas of the city and nearby regions.
• This area offers benefits like being close to major commercial hubs, schools, and hospitals.

Property Types and Prices

• Land/Plots: It mainly features land and plots in different sizes. The cost for land stands roughly Rs 1150 per sq ft as of recent data.
• Residential Plots: There are plots available at various price levels. For instance, an 810 sq ft plot costs Rs 25.2 Lac, a 1800 sq ft plot priced around Rs 58 Lac, and much larger plots costing around Rs 2.30 Cr for 12960 sq ft.
• Apartments: For those wanting flats, several options from 1 BHK to 6+ BHK, starting at around Rs 41 Lac for a 2 BHK unit, are available.

Amenities and Infrastructure

• The locality includes gated community projects approved by VMRDA, which follow strict building rules and offer amenities like clubhouses, parks, and recreational areas.
• Plots often lie along major roads, like 30m or 40m wide routes, which give easy access and visibility.
• Being close to schools, hospitals, and other everyday services adds more appeal to the area.

Investment Potential

• NH-5 is attractive for people aiming to invest because of its smart position and the region’s ongoing development.
• It’s part of the bigger Visakhapatnam real estate market, which is expanding fast because of demand from buyers and investors.

Future Prospects

• The area is expected to gain from projects like the new metro network and the international airport at Bhogapuram which will improve its connection even more and increase its worth.
• The growing service sector and the city’s spot on the Vizag-Chennai Industrial Corridor (VCIC) add to this place’s chances for increased value over time.

PropertyWala's Conclusion

NH-5, Visakhapatnam, is perfect for both buyers and people looking to invest. Its special placement, good connection, and variety of property options make it an appealing pick. Ongoing and upcoming projects are set to increase its growth, presenting a wise choice for investments. You’ll find here everything from residential plots to apartments that provide ease, services, and the chance for value growth.