As the Government of Andhra Pradesh aims to develop Vijayawada on the lines of Singapore, a lot of emphasis is being laid to create the burgeoning city's infrastructure. A city situated in the southeast destination of India, Vijayawada is famous for the Kanaka Durga Temple, which is perched on top of a hill overlooking the city. At present, the city has excellent road connectivity, thanks to the setting up of a slew of bridges and flyovers. The National Highways such as NH-5 and NH-9 are well connected with other major cities and towns of Andhra Pradesh and the neighboring Telangana. Vijayawada is also well connected to destinations, including Chennai.
The city also boasts of having the biggest Railway Junction of status A1, an international airport, and the biggest bus terminal in Asia. Thanks to the River Krishna flowing through the heart of Vijayawada, there is no dearth of drinking water throughout the year. In fact, Andhra Pradesh can share excess river water with Chennai!
An ancient land with a history of over fourteen centuries, Vijayawada is a city with multiple layers. Besides being the second-largest city in Andhra Pradesh, Vijayawada is rightfully boasting of being a treasure trove of culture, history, and heritage. A city blended with tradition and modernity, Vijayawada has now emerged as a delightful destination, equally to travelers and holidaymakers. The city has a host of must-see destinations such as Undavalli Caves, Prakasam Barrage, Victoria Jubilee Museum (Bapu Museum), Besant Road, Gandhi Hill, Rajiv Gandhi Park, Gundala Matha Shrine, Subramanya Swami Temple, Mogalarajapuram Caves, Bhavani Island, Kondapalli Fort, Hazratbal Mosque, Scrap Sculpture Park, Mangalagiri, Hinkar Thirtha Jain Temple, VMC Disney Land and Ripples Mall, to name a few. All these factors have made Vijayawada one of the favorite destinations and top real estate investment destinations.
One compelling reason why you should invest money in buying a home in Vijayawada is that based on the recent National Housing Bank Residex report, there is an escalation in prices for smaller apartments of Tier-II type in contrast with Tier-I cities. The report further highlights that dwellings between 60-100 square meters in Tier-II cities have seen massive price escalation in the last quarter of 2021. NHB conducted studies across 50 cities pan India, including Vijayawada and Visakhapatnam. What's more, Vijayawada occupies the slot among the top five cities, which had witnessed a year-on-year price increase in the range of 8-10% in the ready-to-occupy residential housing market.
Vijayawada is witnessing exponential growth in the residential housing arena. The quality of these new real estate properties is also seeing phenomenal improvement, thanks to the State government's sound policies on real estate constructions and infrastructure. Rightly so, the real estate industry in Vijayawada is also reciprocating the government efforts in terms of adopting innovative concepts such as self-contained residential townships and gated communities, replete with all modern amenities including gym, swimming pools, clubhouses, tennis courts, pharmacies, gardens, playgrounds, supermarkets and more. The best part is that these luxuries are no longer the privilege of the upper-middle-class segment, as these properties are now available for affordable prices!
Many upcoming real estate projects in Vijayawada are likely to catapult the city to occupy the list of key cities in India. An IT Park is coming up at a 32-acre site at Kesarapalli near Gannavaram Airport. A Software Park too is coming up at the Government Polytechnic College and ITI in the city. Sri Akshita Oaks, Vigneshwara Enclave, and Nava by Invicon are some major projects coming up in the city. The Municipal Corporation of Vijayawada is investing around Rs.650 crore. It has proposed to include an estimated 4.6 million square feet of residential and commercial complex, which will boost the city's image further. This major complex is being set up to connect the twin cities of Vijayawada and Guntur. With all this infrastructural development and good governance, Vijayawada will continue to be the ideal destination for you to invest in buying a home.