With its proximity to Visakhapatnam city and the upcoming Bhogapuram airport, real estate in Vizianagaram is poised for good growth, say the representatives of the Confederation of Real Estate Developers Association of India (CREDAI).
A three-day mega property show organised by CREDAI in Vizianagaram, was launched on Sunday and saw many prospective buyers from Visakhapatnam, as expected by the association. The show would conclude on Tuesday (November 28)
CREDAI-Vizianagaram chapter’s vice-president and Vijayasree Infra promoter R.A.N. Murthy said, “Property rates are always reasonable in Vizianagaram compared to Visakhapatnam. A 1,000-square-foot apartment is available between ₹35 lakh to ₹45 lakh, depending on the location and facilities. It is almost a ₹15 lakh discount compared to the property rates at Tagarapuvalasa, Madhurawada and other places. It is one of the reasons for the good response to the ongoing property show,” said Mr. Murthy.
