Overview of Paradesipalem, Visakhapatnam

Location and Surroundings

Paradesipalem is a locality in Visakhapatnam, a key city in Andhra Pradesh, India. Located near other popular areas such as Madhurawada, it remains a highly sought-after place for homes and investments.

Property Prices and Trends

• Residential Properties: Home prices here range from ₹63.8 Lac to ₹1.62 Cr, making it diverse.
• Land and Plots: The cost of plots runs from ₹70 Lac to ₹92.16 Lac with the price per square foot ranging between ₹2,778 and ₹45,161.
• Average Price per Sqft: The average price per square foot is roughly ₹4,588 with a starting price of ₹3,837 per sqft.

Available Property Types

• Residential Flats: Find a variety of flats including 3 BHK for both rent and sale. The rent for a 3 BHK typically lies between ₹15,250 and ₹19,750 a month.
• Plots and Land: From small plots of 155 sqft to larger ones of 2,592 sqft, plots are available for purchase.
• Verified Properties: Many real estate portals have verified listings, providing assurance and security when buying.

Rental Market

• Rental Prices: Rental prices are competitive, with 3 BHK flats available from ₹15,250 to ₹19,750 monthly. Always negotiate the security deposit terms before finalizing a rental agreement.

Amenities and Infrastructure

• Accessibility: Ease of access near nearby locales like Madhurawada ensures good connectivity and amenities like schools, hospitals, shopping centers, and public transport.
• Development: The area is seeing steady growth, enhancing living quality and likely increasing property values in the future.

PropertyWala's Conclusion

Paradesipalem, Visakhapatnam, becomes an attractive option for buyers and renters in the property market. With numerous property types available, from affordable plots to large flats, it suits different budgets and needs. Close proximity to well-developed regions and its ongoing development make it a good long-term investment and living choice. Still, it's wise to research carefully, consider local trends, and negotiate terms to secure the best possible deal.