Overview of Pendurthi, Visakhapatnam

Pendurthi, a suburb of Visakhapatnam, thrives as a key residential and commercial neighborhood in Andhra Pradesh. Here are some important factors to consider regarding real estate:

Location and Connectivity

• Pendurthi sits on the western edge of Visakhapatnam and falls under the Greater Visakhapatnam Municipal Corporation.
• The area features excellent road links, with the new 6-lane NH16 expressway running through Old Pendurthi.
• Pendurthi Railway Station is a satellite station on the Howrah-Chennai mainline, mainly serving passenger trains. It's near other major routes like the Araku-Vishakhapatnam Road and the Chennai-Srikakulam Highway.

Infrastructure and Amenities

• The locality boasts established civic amenities and infrastructure, such as quality educational institutions like SV Keerthi High School, VIPS Teresa English Medium School, and Indian Springs EM School.
• Healthcare is easily accessible, with Pendurthi Government Hospital, SevenHills Hospital, and Pinnacle Hospital close by.
• Supermarkets like Reliance Fresh and Sri Damayanthi Supermarket serve daily shopping needs.

Property Prices and Trends

• Average Property Prices:
  • The average cost of properties in Pendurthi is ₹4,185 per sqft, though it varies from ₹2,727 to ₹15,655 per sqft.
  • Flats average around ₹3,850 per sqft.
• Year-over-Year (YoY) Growth:
  • Property rates have dropped by 42.35% over the last year.
  • Flat rates have risen by 9.7% in the last 1 year, with a surge of 43.6% over the last 3 and 10 years.

Types of Properties

• Residential Options:
  • Pendurthi provides various residential choices like apartments, independent houses, and villas.
  • A 2 BHK flat is available from ₹3,500,000-₹51 lakhs.
• Land and Builder Floors:
  • Land rates vary from ₹1,450-₹5,550 per sqft, while builder floors are approximately ₹5,900 per sqft.

Rental Market

• Rental Prices:
  • Apartments rent for ₹5,000-₹10,000 or more monthly, based on the layout and amenities.
  • A 2 BHK apartment can be rented for ₹6,000-₹9,000 each month.

Livability and Development

• Pendurthi features a tranquil environment and significant development, with growing occupancy and an increase in shopping hubs, marketplaces, and commercial centers.
• The area's high livability index owes to its harmonious mix of serene residential spaces, enhanced connectivity, and evolving commercial activities.

PropertyWala's Conclusion

Pendurthi in Visakhapatnam offers a compelling mix for buyers and renters. With well-developed infrastructure, good connectivity, and various amenities, it stands out. Despite a recent drop in property costs, Pendurthi's strategic position and ongoing development promise long-term growth. It blends affordability, convenience, and high quality of life, making it a top choice in Visakhapatnam's suburbs.