Overview of Pedda Waltair, Visakhapatnam

Location and Connectivity

Pedda Waltair is found in Visakhapatnam and has a pin code of 530017. Its connectivity links it to various city parts via the Visakhapatnam railway station.

Property Prices and Trends

You will find properties starting at Rs. 4,444 per sqft, but the average price reaches Rs. 7,148 per sqft. Over the past year, there's been a drop of 19.09% in property rates. This shows a current market that favors buyers. Yet, apartment prices have gone up by 0.7% over the last year.

Types of Properties Available

The area has a mix of properties: apartments, independent houses, and residential plots. Among them, 2 BHK apartments top the list in popularity.

Infrastructure and Amenities

Educational Institutions:

• Bethany School
• Narayana EM School
• NBM Law College
• Siva Sivani Public School
• Sri Krishna Vidya Mandir

Healthcare:

• Waltair Multicare Hospital
• Visakha Eye Hospital
• M.G.R. Hospital

Shopping and Recreation:

• Fish Market
• Kalanikethan
• More Hyper Mart
• INOX Varun Beach
• Jagadamba Multiplex

Lifestyle and Environment

The setting features solid hospitals and schools nearby. Yet, locals cite traffic jams, inadequate night patrols by police, and dusty conditions from construction.

Availability of Properties

Over 107 properties are ready for purchase, including newly built and ready-to-move housing complexes like MK Woods, Navya Nu Palace, and M V V Arcade.

Rental Market

Several furnished, semi-furnished, and non-furnished 2 BHK apartments cater to renters. Rental prices start from ₹12,500 per month.

PropertyWala's Conclusion

Pedda Waltair, Visakhapatnam, delivers a mix of advantages and drawbacks. It offers good connections, excellent educational and healthcare institutions, and ample shopping and recreational spots. Yet, remember its falling property rates, frequent traffic jams, and safety and environmental concerns. Buyers may find the present market prices compelling given the recent declines. Renters can enjoy their living options. Overall, Pedda Waltair can be a smart choice if you appreciate its strategic position and surroundings but acknowledge its unique challenges.