The Confederation of Real Estate Developers Association of India (CREDAI) is anticipating a huge construction activities in Vizinaagaram and Srikakulam districts, with the availability of properties at affordable prices when compared to that in Visakhapatnam.
CREDAI State general secretary K. Subhash Chandra Bose, who is also Managing Director of Pride Constructions, said that the association was suggesting its members to focus on Tier-3 and Tier-4 cities for the same reason.
“People who can’t purchase properties in Visakhapatnam owing to high cost can do the same in Vizianagaram and Kothavalasa towns, which are closely located to the Port City. A 3 BHK flat costs somewhere between ₹75 lakh to ₹1 crore in prime areas in Visakhapatnam. However, the same is available in the range of ₹ 50 lakh and ₹60 lakh in the industrial towns of Vizianagaram and Kothavalasa,” explained Mr. Bose.
