Overview of Paravada, Visakhapatnam

Location and Connectivity

Paravada lies in Visakhapatnam, Andhra Pradesh and is recognized for its growing infrastructure and excellent connectivity. It is within proximity to numerous significant places, such as Sumedha Public School, Sri Aadhya multi-speciality hospital, and eateries like MY3 RESTAURANT and Spicy Red Chilliies.

Property Types and Pricing

Residential Plots

• Residential plots in Paravada come in diverse sizes from 167 to 1800 square yards.
• Plots range in price from ₹11.69 lac to ₹23.23 lac.

Apartments and Flats

• Starting prices for properties in Paravada begin around ₹533 per square foot, with an average of about ₹3,422 per square foot.
• You can find several options like 1 BHK, 2 BHK, and 3 BHK apartments for purchase.

Independent Houses

• Various independent houses, both furnished and unfurnished, are accessible.
• For example, a luxurious furnished 2 BHK independent house can run around ₹42 lac.

Rental Properties

• The rental scene includes 1 BHK, 2 BHK, and 3 BHK flats, independent houses, and villas.
• Rental costs differ; a semi-furnished 3 BHK villa might be leased for roughly ₹11,000 per month.

Infrastructure and Amenities

• Paravada features good infrastructure with paved roads and an array of fundamental amenities.
• Residential plots possess boundary walls, and some gated communities include club house facilities.

Market Trends

• The property market in Paravada has displayed a mixed trend; property rates fell by 49.17% last year but show the promise of profitability in buying or selling in the region due to its growth.

Investment Potential

• The locality remains appealing for both individuals and investors owing to its developmental phase and excellent connectivity.
• It offers a variety of property types and competitive prices making it attractive for varied investment purposes.

PropertyWala's Conclusion

Paravada, Visakhapatnam, combines affordability, infrastructure, and potential growth, making it an excellent choice for both buyers and renters. The area boasts residential plots, apartments, and independent houses, meeting various budgets and needs. It's important to remain informed about market trends and conduct extensive research when considering property decisions. To sum it up, Paravada seems to be a promising real estate prospect in Visakhapatnam.