Overview of Pradeep Nagar, Vizianagaram

Types and Costs of Properties

• Residential Plots/Land:

  • Available for prices starting from ₹1.1 Cr to ₹1.85 Cr, with each plot varying between 360 sq yards and 398 sq yards. The cost per square foot could go around ₹3,667.

• Flats and Apartments:

  • 2 BHK flats are priced about ₹35 Lac to ₹28 Lac, and cost about ₹2,641 to ₹3,866 per square foot.
  • For 3 BHK flats, prices could range from ₹58 Lac to ₹34 Lac, also around ₹2,641 to ₹3,866 per square foot.

• Independent Houses:

  • Prices fluctuate considerably; however, you may find 3 BHK units or houses around ₹34 Lac.

Rental Details

• Homes and Apartments:
  • Monthly rent for 2 BHK homes and apartments spans from ₹5,500 to ₹9,000, with areas from 1250 to 2000 sq ft.
  • 3 BHK rentals generally cost ₹9,000 per month for spaces around 2000 sq ft.

Amenities and Characteristics

• Location and Access:

  • Properties here are fairly close to schools, markets, and public transport. For instance, some rentals are highlighted as very near to the railway station.

• Features and State:

  • Several properties are noted as secure and well-taken care of. Some even offer fully furnished living spaces.

Current Market Situation

• Demand and Supply Levels:

  • The area appears to have a steady supply of residential plots and both flats and houses, showing a lively real estate market.

• Investment Opportunities:

  • With differing costs and numerous property types, Pradeep Nagar can be a good place for buying and renting long-term investment options.

PropertyWala's Summary

In real estate terms, Pradeep Nagar in Vizianagaram provides a variety of property choices for both buyers and renters. From residential plots to flats and houses, it fits different budgets and preferences. Proximity to public transport and amenities makes it attractive for people wanting to live or invest here. However, like any real estate choice, a careful inspection and knowing local market trends is key before any purchase or rental.