Expect best returns by investing
at sites in Vizag as major plans have declared by the CM for the City of
destiny Vizag. It will be a smart city with green field airports, resorts, and
sea port, industrial and financial hub for the State. Even the Metro has been
sanctioned for this city.
Recently land prices in Vizag
have soared up with 40 to 50% appreciation compared to previous year. Among all
cities in Seemandhra, Vizag tops with good city life. The proposed
Visakhapatnam-Chennai industrial corridor is expected to create more than
50,000 jobs, both directly and indirectly, in the first phase alone. It is touted
as one of the projects that could potentially transform the industrial
landscape of Seemandhra in less than a decade of its commissioning.
That means Sites near Bhogapuram will be having good demand as they are near to this Industrial
corridor. There are even talks of setting up the Greenfield airport and
educational hub in that areas. Now the rates of plots in Vizag per sq yd costs
around 7299 Re but will be rising faster in coming years.
