Vizag is the City of Destiny for Property Investments. As per the recent survey conducted by the International Environmental Development Organisation, Britain, “Out of the fast growing first 100 world cities, 11 cities are in India only, where Visakhapatnam stood 5th place”. Surprisingly, our major metros Delhi, Kolkata, Chennai, Mumbai are not in the above 11 rankings.
Today, Vizag is the only South Indian city to have real estate potentiality up to 75 km from the City. Many residential layouts are being developed up to 5km even after Yalamanchili (75km from Maddilapalem bus stand) on Chennai highway (NH-5) and up to 5km after Denkada Junction(80km from Maddilapalem bus stand) on NH-5 towards Srikakulam and up to 5km after S.kota (55km from Maddilapalem bus stand) on Aruku highway. There is minimum appreciation of 40% on all real estate investments on Vizag Lands.
Land prices that have been at low key so far might shoot up now!!! The land adjacent to the main roads between Anakapalli-Anandapuram and Bhimli-Visakha will be developed as knowledge corridor. Anakapalli- Anandapuram road to become a 4 lane high way and about 5000 acres are to be developed as knowledge corridor. This land will be allotted to HR development centres, IT parks, educational institutes and similar activities. Satyam already has its development centre at the 7 acre plot near TB hospital within city and also started construction of its training centre at 50 acre land allotted to it at Rishikonda.
If you’re looking into real estate investments, you likely want to earn wealth on real estate based on risk you are taking, while minimizing the amount of time you need to spend attending to the property. In order to accomplish this, you need to make some smart choices upfront when buying investment property. You need to do some hard work, research, read up, and make smart, educated decisions to acquire the best real estate investments!
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