Madhurawada and Gajuwaka seem to be the most preferred locations for many tenants in Visakhapatnam. As per the rental agencies, in most of the areas, rents have been increased by about 20 to 30%. But there has been no major change in rents in these two localities over the past few years. Arilova being close to the heart of the city is also being preferred by many tenants due to lower rents, as per the agencies.
“A good double-bed room may be available for a rent of ₹10,000 or a maximum of ₹12,000 in prime locations of Madhurwada. Someone, who wants to reside in spacious apartments for lower rent, Madhurawada is the right place. Many employees working in the core city are opting for Madhurawada ignoring the traffic and busy NH travel. These days everything is available in Madhurawada, right from shopping complexes, multiplexes and restaurants,” said Ramakrishna, a broker from the city.
