Properties in Visakhapatnam

Visakhapatnam is called the 'Jewel of the East Coast'. It is a port city located on the southeast coast of India. It is the third-largest city on the east coast of the country. The city is the administrative headquarters of the district of Visakhapatnam. Get all the useful information in this city, if you are planning to move here or buy some properties.


Real Estate Market in Visakhapatnam

There are many software companies planning to set up offices in this city. Vizag real estate market prices are hiked because of that. The city witnesses a competition between bungalows and individual houses, and high-rise apartments in Visakhapatnam.

VUDA has launched many big and beneficial projects in Visakhapatnam. These projects will have an average and large-sized apartments.

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Properties For Buy In Visakhapatnam City

About Visakhapatnam

Visakhapatnam is situated amongst the hills of the Eastern Ghats. While resting in these hills, the city faces the mighty Bay of Bengal. Just like Goa in the west, Vizag contains many pristine beaches and picturesque areas. Climate-wise, the humidity in this city remains quite high because it lies by the sea. The temperatures don't alter much throughout the year. The location of the city and its climate, therefore, attracts tourists all year round. Health-tourism is an industry in the making in the city.

Visakhapatnam has many heavy industries owned by the state. It also has the country’s oldest shipyard and India’s largest naval base - INS Kalinga.


Industries in Visakhapatnam

Vizag is an industrial powerhouse, despite the fact that it was traditionally a fishing town. Today, both industry and fishing co-exist in their respective spheres. The Economic Zone in the city houses prominent industries such as Reliance, Birla, and Hindustan Petroleum Corporation Ltd.

The international port in the city contributed greatly to the development of the steel, petroleum and fertilizer industries. Some of the industrial giants whose factories and units are located in Vizag are Hindustan Shipyard Ltd., Hindustan Petroleum Corporation Ltd., Bharat Heavy Plate and Vessels Ltd., and Visakhapatnam Export.

Vizag is a center for the distribution of iron ore and some other minerals. The surrounding states are mineral-rich regions and these are transported by rail or road and then exported to countries like China.


Infrastructure of Visakhapatnam

Owing to the rapid industrialization of Vizag in the past decade or so, there was a strong need for developing the supporting infrastructure for fueling the city’s economy. Both the Central and State governments have injected funds into the city for development activities such as augmenting water supplies, developing roads, and improving sewage and drainage systems.

The Visakhapatnam Urban Development Authority (VUDA) has, over the past few years, focused on initiating green projects and widening roads. Once the Bus Rapid Transit System (BRTS) is put in place, traveling within the city should become even easier. Besides, the city is anyway well connected by road, rail, and air. The airport, in fact, is being transformed into an international airport.


Connectivity in Visakhapatnam

Vizag is connected by air through the Visakhapatnam airport. Daily flights connect the city to important domestic cities like Mumbai, Delhi, Bengaluru, Chennai, Kochi and Kolkata and international cities like Singapore and Dubai.

The city is connected by rail to various cities across the states of India. The Visakhapatnam Railway Station is on the Chennai Central-Howrah station route. To improve the train service in the city, a suburban railway station called Duvvada railway station is being developed into a satellite hub. The residents use Andhra Pradesh State Road Transport Corporation (APSRTC) buses to travel around the city.

The NH 5, a national highway that is part of the Golden Quadrilateral project, connects Vizag with other major Indian cities. Cargo transport occurs through this system. The city roads also connect the residents to different towns and cities in Andhra Pradesh

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