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Vijayawada: The connectivity hub

Vijayawada: The connectivity hub

Vijayawada is a major transit point and an important link connecting two industrial zones of Andhra Pradesh—Hyderabad and Visakhapatnam.

Click here to see detailed map of Vijayawada

Vijayawada is a major transit point and an important link connecting two industrial zones of Andhra Pradesh—Hyderabad and Visakhapatnam.

Good connectivity has played a major role in the industrial development of Vijayawada. Two national highways link the city to Chennai, Kolkata and Mumbai. The new deep-water port under construction at Machilipatnam will add to the city’s real estate appeal.

Price Propellers

Some upcoming projects that could influence real estate prices in future

1. Airport expansion
With the expansion of runway, to be done in three phases, bigger aircraft will be able to land at Gannavaram airport. Increase in flights would pave way for rapid growth of the IT industry

2.Industrial Corridor
The state government plans to set up Hyderabad-Vijayawada-Visakhapatnam Growth Corridor to boost industrial growth in the state. An IT park is being set up at Kesarapalli village

3. BRTS
Six corridors have been identified for the Bus Rapid Transit System.The first corridor covers APSRTC Bus Stand, Satyanarayanapuram, Eluru Road, Benz Circle and Bandar Road

4. Hyderabad-Vijayawada expressway
State government plans to build a high-speed corridor between Hyderabad and Vijayawada. Four-laning has been completed between Vijayawada and Nandigama (50 km) and Hyderabad and Malkapuram (40 km).The remaining 181-km stretch will now be four-laned

Investment in infrastructure

Improvement in traffic and transport infrastructure is the highest on the priority list of investments planned under the new city master plan.The first phase of the BRTS project was sanctioned in March 2007

Public transport: 46%
Storm water drainage: 21%
Roads & traffic improvement: 12%
Sewerage: 9%
Water supply: 8%
Sanitation: 4%
Figures are share in total investment till 2012 (Rs 6,234 crore)

New residential projects

About 6,000 new flats in 275 apartment projects will be coming up in the near future

BuilderProjectLocationPrice (Rs)#
Tulip Const.Tulip ResidencyEluru Road17 lakh
Vijay Const.Green ValleyPatamata18 lakh
MC BuildconMerlin EstateMachavaram18 lakh
Aditya BuildersAditya EnclaveLabbipet25 lakh
# Average price of a three-bedroom apartment

Retail space supply by 2008

The city, already a commercial centre, is fast transforming into a retail hub in the coastal region attracting some of the biggest names in retail

MG Road: 30%
One Town: 25%
Labbipet: 20%
Governorpet: 15%
Bypass Road: 5%
Others: 5%
Total retail space supply by 2008: 0.5 million sq ft

Buying options

AreaCheapPriceExpensivePrice
CentralSatyanarayanapuram1,800Governorpet3,200
NorthRamakrishnapuram1,200Fraserpet1,600
EastBharati Nagar1,300Siddhartha Nagar
1,700
WestJojinagar1,100Vidyadharapuram1,600
Prices of residential properties in Rs/sq ft

Price change

Average percentage price change in 2007 and 2008 (expected)

North
2007: 15%
2008:10%
East
2007: 20%
2008: 10%
West
2007: 15%
2008: 10%

Central
2007: 30%
2008: 25%