Overview of Rushikonda, Visakhapatnam

Rushikonda, a part of Visakhapatnam, is popular among both those wanting to buy homes and those looking for rentals because its location, facilities, and expanding infrastructure make it attractive.

Location and Accessibility

• Rushikonda is close to the coast. You get to see beautiful views here, and the area is quite relaxed.
• It's near important places like Gitam University, Silver Oaks International School, and the Rushikonda IT Park SEZ.
• You can easily get around nearby parts of Visakhapatnam by using a good network of roads.

Property Prices and Trends

• The cost to buy a property in Rushikonda is starting around Rs. 5,000 per square foot. On average it's Rs. 5,843 per square foot.
• Property prices have gone down by 9.37% over the last year. This makes it attractive for buyers and investors.

Types of Properties Available

• Apartments: You can get 1 BHK, 2 BHK, and 3 BHK units. Prices go from ₹61.4 Lac to ₹2.10 Cr. These spaces come with ready-to-move-in features like power backup, fast elevators, and good designs.
• Independent Houses and Villas: Projects like Vuda Row Housing Villas feature big villas that are perfect for luxury. Prices can go up to ₹4.50 Cr.
• Plots: You can also find plots to buy, with sizes from 120 square feet to larger plots. These plots often get approved by VMRDA, and allow you to build several floors.

Rental Properties

• Renters can find spaces with a starting rate around Rs. 2,000 per month, depending on the property's size, location, and extras.
• Options include apartments, houses, villas, and floors built by developers. These choices cater to families of all sizes and lifestyles.

Amenities and Infrastructure

• Educational Institutions: Plenty of famous schools and colleges like Gitam University and Silver Oaks International School are close by.
• Healthcare: Nearby hospitals and medical services.
• Recreational: Nearby beaches and other fun places to keep things lively.
• Commercial: Proximity to IT parks and business areas, helping you find what you need to work.

PropertyWala's Conclusion

Rushikonda, part of Visakhapatnam, stands out for both those who buy homes and those who rent. It mixes natural beauty, modern amenities, and a great location. The trends in property prices, along with the variety of homes you can find, make it ideal for investors and those looking for their own place. Before you buy or rent, it's wise to think about places to work, schools, and other important services. Rushikonda, with its growing infrastructure and scenic outlook, is sure to remain a prized area in Visakhapatnam's real estate scene.