Vizag
Kurmannapalem near National Highway 5 is one of the most impressive growing area of Vishakhapatnam. It is a comfortable suburban area with industries like Vizag steel plant, stainless steel industries and several others. With Vizag airport and railway station being nearby to this area, makes it the busiest location of Vishakhapatnam. Easy connectivity route with this location from Vizag makes it an accessible choice for real estate investors. Also to resolve the issue of heavy vehicle traffic and to reduce road accidents, VPT has invested for the expansion of road and for this purpose it has collaborated with National Highways Authority of India. Since the area is still under development, the properties settling over here are in much planned way. This area is dominated by developers like ML constructions, Vasanta nirman, Amma constructions, Rednam associates, Srinivas constructions, PVR developers and some others. With proximity to special economic zone, this area has potential for increasing trade, increase in investments and new job opportunities. However, the property rates in this area is not fixed so if an investor is looking to save his wallet then he must keep a close view on the market trend and movement. The properties in this area are still under construction and under construction units. So during this phase the price of properties are negotiable. Aiming at the investment of upper middle class, the properties in this area are luxurious as well as super luxurious. This area is undoubtedly among the easily accessible and well connected locations. Builders like Navadeep classic and ML constructions are ready to give possession by this year. So investment in this location can be profitable according to the market graph.
