Featured Agents Visakhapatnam, Andhra Pradesh
Sunlands Properties
Real Estate Consultants
Visakhapatnam, Vizianagaram
Operating since 20082 properties
Sea Shells
A Professional Friend in Property Search
Srikakulam, Vizianagaram, Hyderabad
Operating since 2012
Kshatriya Estates
Own Developing and Sales
Visakhapatnam, Vizianagaram, Srikakulam
Operating since 2015
Visakhapatnam, Andhra Pradesh Property Guide
-
How India’s Bullet Train Will Transform Property Prices in Ahmedabad and Maharashtra Corridor Cities
Explore the projected surge in property prices around Shela (Ahmedabad), Vapi, and Bharuch due to the Mumbai-Ahmedabad Bullet Train’s infrastructure boom and economic zones. -
Union Budget 2025: Key Takeaways and Impact on Real Estate
The Union Budget 2025 focuses on economic resilience, tax reforms, and infrastructure development, significantly impacting India's real estate sector through various incentives and policy changes. -
How India’s Tier 2 cities are growing in response to global real estate trends
India’s Tier 2 cities are emerging as prime real estate destinations, driven by smart initiatives, sustainable practices, luxury developments, and improved connectivity. -
5 Things You Should Know About India’s Ghost Shopping Malls and the Challenges of Repurposing Them
India's retail landscape is shifting, with Grade A malls thriving while Grade C malls face high vacancy rates. Many struggling malls are being repurposed due to evolving consumer preferences and the rise of e-commerce. -
Get Returns From Real Estate Without Buying Property: Understanding REIT Investment In India
REITs in India offer investors a way to access the real estate market without direct property ownership. They distribute significant earnings as dividends, making them attractive to income-seeking investors. Learn how REITs work, how to invest, and key players in the Indian market. -
Is it possible to sell real estate without co-owner approval?
Selling jointly owned property in India requires the consent of all co-owners. Legal action can be taken if a co-owner sells without consent. This article explores the legal aspects of selling jointly owned property and the differences between co-ownership and joint ownership. -
What do you mean by FERA?
FERA, enacted in 1973, regulated foreign exchange dealings in India. Replaced by FEMA in 2000, which focuses on managing foreign exchange while promoting trade and investments. Key differences include property acquisition criteria, shifting from citizenship under FERA to residency under FEMA. -
The finest cement for plastering a home
Cement plastering is crucial for durable walls and a smooth finish in construction. Portland Pozzolana Cement (PPC) is often preferred for its water resistance and superior finish compared to Ordinary Portland Cement (OPC). Various cement grades cater to different construction needs, with Grade 33 commonly used for plastering.
Visakhapatnam, Andhra Pradesh Real Estate News
-
What occurs in India if property taxes are not paid for ten years?
Non-payment of property taxes for ten years can lead to severe penalties, legal action, and even foreclosure in India. It's crucial for property owners to understand the implications and address any arrears immediately. -
Enhancing Jaipur’s High-End Properties: The Unique Perspective of Akshat Developers
Jaipur is emerging as a luxury real estate hotspot. Akshat Developers' Sawai project epitomizes this trend, offering opulent villas and apartments amidst landscaped gardens and modern amenities. -
CBRE decodes real estate through the spiritual tourism lens
A new report reveals how retail chains are capitalizing on rising spiritual tourism in 14 Indian cities, highlighting trends and growth opportunities in the sector. -
According to the CREDAI-CRE Matrix report, India’s demand for Grade-A office space will exceed 70 million square feet by 2024.
In Q1CY24, Grade A office space demand in India surged, driven by key cities. CEDAI predicts demand will hit 70 MSF by 2024, supported by economic growth. -
India’s Commercial Real Estate Is On Track For Successful Growth This Year
India's commercial real estate market is poised for growth, bolstered by demand for office spaces and increasing interest from NRIs, promising lucrative investment opportunities. -
DLF is one of the real estate companies on the list of the fifteen most valuable companies in India
DLF, Macrotech, and Godrej Properties are highlighted as top real estate firms in a recent Burgundy Private Hurun India report. The sector shows promising growth prospects. -
How can a registered mortgage help the borrower as well as the lender?
This article explains the process of registered mortgages in India, detailing application steps, benefits, and how to remove registrations effectively. -
Land Conversion from Agricultural Land to Residential Land
Converting agricultural land to residential or commercial in India requires navigating state-specific laws and obtaining approvals from revenue or planning authorities. The process involves fees and extensive documentation, with timelines varying by state.
Buy
With over 100K+ new and resale properties across India, let us help you get you the right property at the right price.
Properties for sale
Rent
PropertyWala can help you easily find a home or office for rent that you'll love from our large database of broker and owner listings.
Properties for rent
Advertise
Advertise your property on PropertyWala and sell or rent it in no time. Advertising your property on PropertyWala is fast and free!
Advertise property FREEVisakhapatnam, Andhra Pradesh Real Estate
Overview of Visakhapatnam's Real Estate Market
Visakhapatnam, or often called Vizag, is one of India’s fastest-growing real estate markets. It’s driven by economic growth, infrastructure improvements, and supportive government policies.
Market Growth and Demand
- This city has seen steady rises in property values in both residential and commercial areas due to increasing demand with limited supply in some spots.
- Residents really want homes near industrial hubs, IT parks, and Special Economic Zones (SEZs).
Key Factors Driving Real Estate Growth
Industrial and Economic Development
- The fast-growing industrial sector in Visakhapatnam, with manufacturing and IT, is creating jobs and bringing in skilled pros, raising the need for homes.
Infrastructure Investments
- Major projects such as the Visakhapatnam-Chennai Industrial Corridor (VCIC) and new highways, bridges, and metro rail plans are boosting the city's appeal.
Government Policies and Support
- Programs like Pradhan Mantri Awas Yojana (PMAY) are helping to make affordable housing more available for lower and middle-income people. The Smart Cities Mission is also promoting smart and eco-friendly infrastructure.
Residential Real Estate
Types of Housing
- You can find many housing types, from modern downtown apartments to big villas in the outskirts. Gated communities with modern amenities are getting very popular in Madhurawada, Kommadi, and Seethammadhara.
Rental Trends
- Rent varies by area:
- Central Visakhapatnam: Rents range from ₹10,000 to ₹30,000 per month with areas like Maddilapalem and Seethammadhara being especially pricey.
- South Visakhapatnam: Areas like MVP Colony and Pandurangapuram have rents going from ₹15,000 to ₹40,000 per month.
- West Visakhapatnam: Pendurthi and NAD have more affordable rents, from Rs.5,000 to ₹15,000 per month.
- Peripheral Areas: Places like Madhurawada and Kommadi offer rents ranging from Rs.5,000 to ₹20,000 for the month.
Commercial Real Estate
- The surge in industries and IT has led to more demand for commercial spaces, resulting in the rise of modern office buildings and co-working spaces.
- Regions near IT parks and SEZs are especially in demand for commercial properties.
Tourism and Hospitality
- The rise in tourism has brought investment in hotel and tourism-related real estate. Popular spots like Ramakrishna Beach, Kailasagiri, and Araku Valley drive the need for hotels, resorts, and vacation homes.
Infrastructure Development
- Upgrading airports, metro systems, and road networks is enhancing the real estate market. The planned international airport at Bhogapuram and new metro network along AH45 are expected to unlock new development areas.
PropertyWala's Conclusion
Visakhapatnam boasts an exciting and promising real estate landscape, making it a hot spot for both buyers and investors. With its strategic position, thriving industrial sectors, and supportive government policies, the city is set for continued growth. Whether looking to buy luxury flats, affordable homes, or commercial locations, Visakhapatnam offers many options for various buyer profiles. Gated communities, eco-friendly buildings, and smart infrastructure add to the city's appeal, making it a perfect time to think about investing in Visakhapatnam’s real estate market.