Overview of Padmanabham, Visakhapatnam

Location and Accessibility

Padmanabham is a popular area in Visakhapatnam, Andhra Pradesh. This locality enjoys well-developed facilities with convenient access to nearby places such as Thagarapuvalsa and Anandapuram. The locality is well connected through major roads, making it a preferred choice for residents.

Property Types and Availability

• Residential Apartments: You can find diverse configurations like 1 BHK, 2 BHK, and 3 BHK apartments here. These properties usually include amenities such as corporation water supply, lifts, 24*7 power backup, and security.
• Plots and Land: There are plenty of options for purchasing residential land with various sizes. These plots are often within gated communities and come with benefits like street lighting, good drainage systems, and landscaped parks.

Amenities and Facilities

• Infrastructure: Several buildings here provide modern amenities like lifts, corporation water, drainage facilities, 24*7 power backup, and security. Some projects feature gated community layouts, street lighting, and efficient drainage systems.
• Community Amenities: Certain residential complexes offer additional amenities including gyms, swimming pools, clubhouses, shopping complexes, badminton courts, indoor games, community halls, jogging tracks, and playgrounds.
• Schools: Many educational institutions are nearby, including Oakridge International School, which is a great benefit for families.

Pricing and Budget

• Apartments: Rental prices for apartments usually range from ₹10,000 to ₹26,000 per month for 2 BHK and 3 BHK options. If buying, prices vary widely according to project and amenities but generally fall between ₹ 1.14 Cr to ₹ 1.85 Cr for higher-end projects.
• Plots and Land: The cost of plots and land can range from ₹ 11 lakhs to ₹ 40 lakhs or more, depending on their size and location.

Rental and Purchase Options

• Rentals: You can choose between semi-furnished and unfurnished apartments. Rental prices vary based on configuration, amenities, and location.
• Purchases: For those who want to buy, there are plenty of new residential projects with possession dates starting from mid-2027 onwards.

PropertyWala's Conclusion

Padmanabham in Visakhapatnam offers a balanced mix of residential and infrastructure advantages. Its proximity to educational institutions, major roads, and other essential facilities make it appealing for both families and professionals. With various property types and budget options, Padmanabham can meet diverse requirements, from affordable plots to luxurious apartments packed with modern amenities. Still, potential buyers and renters should keep possession dates and ongoing project developments in mind to match their immediate or future needs.