Why invest money in Real Estate Industry? Especially in Visakhapatnam?

Posted by Honeyy Group on January 24th, 2020

As we know,

Visakhapatnam is the largest city and the financial capital of the Indian state of AP. It is the most popular city in the state, with a density of 7,700/ sq mi(3000Km2), with an approximate population of 4.5million. As the said lines justify Visakhapatnam as one of the fastest-growing cities in India.

Coming to the mark of Real Estate the average rate of properties in Visakhapatnam is around 30.4lakhs, the strategic location, the cool climate, the vibrant culture and number of places worth visiting. The series of development projects for building a smart city have all summed up for Visakhapatnam becoming the hotshot real estate investment location.

As we know that real estate is the best investment platform. The real estate investment increases the value property but never shrinks.

Real Estate is an imperishable asset, ever-increasing in value it is the most solid security that human ingenuity had devised. It is the basis of all security and the only indestructible security

Why Invest in Vizag?

• Vizag is the hottest city in AP, and at present every real estate investor is keen on investing in Vizag real estate after bifurcation of AP, Vizag becomes an executive capital of AP and its importance also very high.
• Vizag is creating a Phenomenal record being a 2nd biggest city in AP, next to Hyd the city is equipped with heavy industries and a major steel plant and a cosmopolitan city with a mix of different values and people.

• The Vizag real estate is going to hit the real estate market and possibilities of bringing higher demand in the real estate market.

• Many IT companies are existing in Vizag and much expansion in the IT industry is on the high end. The job opportunity is in increasing trend which leads to migration from different parts of the country.

• Well connected by road, rail and Air transport 

• Having Immense potential for Industrial growth.

• 6 Lane annakapalle to Anandapuram National Highway 

• Education hub sabbavaram (IIM, IMU, Law University)

• Fintech Hub in Rushikonda 

• APIIC, Achyutapuram( Brandix, BAARC, Naval Facility) 

• AP Railway Zone, Metro Rail Project, New International Project 

Madam Indira Gandhi names this place as the City of Destiny because of its landscape view & very attractive beaches.

Conclusion:   Visakhapatnam is the best choice for investing money in real estate because Vizag is the Executive capital of AP and if you invest today within short period money will become double and also NRI are coming to Visakhapatnam, I don’t know why NRI are not concentrating rural area. NRI also has to take some basic steps when they are investing money in real estate.

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