10 best reasons to invest for real estate in Vizag

Visakhapatnam, referred as a City of Destiny, Port City, Steel City, and a Cosmopolitan City, is the largest city in the State of Andhra Pradesh, India and also the third largest city on the East Coast of India. It is the headquarters of the Eastern Naval Command, and is often called as ‘The Jewel of the East Coast’. From a small fishermen village, Visakhapatnam has been developed as a Smart City. Recently Visakhapatnam ranked 3rd place, in the Cleanest Cities around India.

Vizag is the first best place for any investment today in the newly formed Andhra Pradesh. Following are the reasons that truly make Vizag the best investment destination.

Know the 10 best reasons before you start investing in Vizag!

• Most happening Smart City: Vizag has seen a tremendous growth after the announcement as one of the smart cities in India. Very soon Vizag proved its position in top 10 cleanest cities list. As per Swachh Survekshan Survey 2017, Vizag was the 3^rd cleanest city in India. Not just this, The Railway station of Vizag is the cleanest out of the 75 busiest railway stations in our country. Never ending development is always on cards in Vizag.

As a smart city, Vizag is undergoing many developments such as

• Installing Roof top solar photo voltaic power projects on government buildings in 22 locations
• Equipping the complete Street Lights with the LED street lights.
• Installation of Public Bicycle Sharing Systems in different parts of the City.
• Smart streets, Smart bus stops and Smart public toilets are on the Cards.
• Modernizing GVMC schools as smart campuses with smart class rooms and many more.

• GDP Value: Vizag is the largest city in Andhra Pradesh with the GDP of $26 billion and is the 8^th Biggest Contributor of Indian GDP next only to Hyderabad. It is known for industries. With Gajuwaka being the Industrial hub of Vizag, plenty of small, medium and large scale mega industries such as BHPV, Steel plant VSP, GAIL, Hindustan shipyard contribute to the GDP India as a whole.

 Vizag is the driving force of the economic development of Andhra Pradesh. According to the recent information Vizag bagged the top place in the state for GDP. The PCI (Per Capita income) is Rs. 140648 rupees in Vizag and it is the highest in the state. The major GDP Contributor is service sector holding 55% of total, remaining 35% from the industrial sector and 10% from agricultural and allied sectors.

Vizag port is one of the largest cargo handling ports in India. The upcoming Visakhapatnam–Kakinada Petroleum, Chemical and Petrochemical Investment Region (Petro Corridor) is all set to change the investment scenario of the state.

This city is a hub for iron ore and other minerals which are exported to China and other countries. The fishing and real estate industry has seen a tremendous growth because of the Industrial Growth in the City.

Apart from Holding Crude oil reserves within the city, it also holds mineral deposits of Quartzite, Bauxite, Granite, Manganese, Titanium, Silica Sand and etc in the surroundings. All these also contribute in marking Vizag as major hub of Minerals.

• Connectivity: Vizag has got best connectivity in the entire state with all the four major ways of transportation. It is well connected through Road, Rail, Air and Seaways.

Life will be made easy for travelers! Express highway from Vizag to Kakinada is expected to be opened very soon for an easy travel. Semi ring road of Vizag which starts from Tuni to divert all the Highway Traffic without entering the city will change the Transportation landscape of the city.

The city is yet to witness the construction of the New International Airport in Bhogapuram.  Vizag Airport is the Fastest Growing Airport in Tier II Airports as per the statistics released by Airports Authority of India. Recently Srilankan Airlines has started direct flights from Current Airport of Vizag to Colombo. A new road project has been approved by Chandigarh CM for connecting Raipur and Vizag with reduced commute time via a new road.

• Climate: Despite being Humid, the temperature of the city is moderate and typically has 30-40 degrees C in summer and 18-28 degrees C in winter. Evenings at beach road nourishes your life after a hot summer day or a hectic work day.

Random rains cool the city anytime. Some seasonal cyclones also help in eco friendly agriculture and the most exciting and important experience with the climate is that the city remains cool irrespective of the season.

• Highly Secured City: Vizag is the Eastern naval command Headquarters for Naval Base. Vizag is always under the protection of Defence from unexpected threats. The International Air port in Vizag is also under the surveillance of Defence.

Hence the protection of every civilian is ensured by the Defence 24/7. The light house which is one of the famous spots of Vizag is the strongest one in security from water front. No other city in East Coast is as secured as Vizag.

• Culture: Vizag is the best cocktail ever fixed with different cultures and Religions. Representing the unity of different cultures and Religions, a temple, Church and Masjid are built on a hill in the Visakhapatnam port. The historic Simhadri temple is also a crucial one in depicting culture of the city.

People from all directions enter city of destiny with various destinations in their life. Due to the Educational opportunities, Medical tourism, Employment and lovable nature, people who come here would like to settle permanently. This is the biggest asset of Vizag and is responsible for the City’s growth all the while.

• Entertainment: Vizag is the best recreational place for Fun Lovers. There are various options for you to rediscover yourself in the best hangout places. You can explore sea with Scuba diving, Kayaking and speed boating rides, parasailing at Sagar Nagar beach, and Speed Boating at Rushikonda beach. 

Vizag has become Entertainment hub due to the TFI’s interest of shooting in the city. Vizag has got many natural locations which helps in economic production of the movie. Being famous with many tourism spots, Vizag is expected to see the shift of Industry due to proposed Film studios. Several Bengali and Orissa Films are selecting Vizag as the Location for their shoot.

• Health City: Vizag Health city with world class facilities is developing rapidly in Vizag as a hub for medical tourism for NRI’s and others from the Middle East and South East Asia. Local tourism arrangements are also being made for patients. Hospitality is taken care of by the Hospitals alone.

All corporate hospitals such as Apollo, Care, Rockdale, Pinnacle and etc are set to start services. VIMS (Visakha institute of Medical Science) is also included in the health city which is managed by State government.

• Education: IIM Vizag has already stated its classes from AU under the Mentorship of IIM Bangalore. Andhra University is historic and adds glory to Vizag as an Education Hub. Several Dignitaries such as Venkayya Naidu, GMR etc are Alumnus of AU. GITAM University, Gayatri Vidya Parishad, Raghu and Sri Chaitanya Colleges are well reputed colleges in the city. Apart from Universities for higher Education, this city also has international schools such as Oakridge, DPS, and well reputed Visakha Valley, Timphany and Bethany etc which are the best options for kids education.

• Tourism: Last but always in the first, Vizag is an ever green tourism spot. Do you know, Government has sanctioned more than 10,000 crore rupees worth of Private and Public tourism projects along the Vizag-Bheemli beach road? Also, Indian Navy presented INS Virat to AP Govt and AP Tourism is going to convert it in to a Hotel cum recreation center and would like to place it in the shore of Rushikonda as a Tourist Destination. 

Other Tourist spots such as Araku, Set of Beaches such as RK beach, Bheemli, Rushikonda etc, Kailashgiri, Historic Simhachalam, Red sand Hills, Zoo park, Thotla konda, Dolphin’s nose, Hawa Mahal, Tenneti park and many more attractions fill life with Happiness every day.

Start investing not just for the property! Remember it’s a bright future for which you are investing for real estate properties in Vizag!