VINAYAGAR PROMOTERS & BUILDERS
Vinayagar Promoters and Builders have been working on residential, commercial, and plotted projects for over 25 years. Kiran Kumar, one of the organisation’s Directors, shares his insights.
On-going projects
Several of our projects are currently lined up at RK Beach, CBM compound and Narsimhanagar. Commercial ventures at VIP Road and near Sampath Vinayak Temple are also catching pace.
Vizag Scenario
With Vizag being proposed as a capital city, real estate has started observing sudden changes. Of course, the increased demands are much welcomed by the industry. Also, since Vizag lacks sufficient projects on the commercial front, the number of projects is bound to increase.
Given the current boom of the real estate industry, it might not be surprising to note that developers will hold on to certain parcels of land as well. This pattern is likely to be observed mostly for projects in Yendada and Madhurwada, which are the current favourites for development, of both commercial and residential projects. With the current pricing approximately marking Rs. 4000/sft, it is certain to increase by another 25% in a month or two. Areas like Visalakshi Nagar and CBM Compound, within the city, have also been appreciating in value. The pricing at Visalakshi Nagar is approximately Rs. 80,000 to Rs.100,000/sq yd, while at CBM, it has skyrocketed to approximately Rs. 1.3 lakh to Rs. 1.5 lakh/sq yd.
Future
During this surge phase of real estate, we plan more projects on the outskirts and have already begun working on these. Our 10-acred land bank in Boyapalem will be developed into plots. As the apartment culture rises in the city, we see this as the best time to offer independent housing, with residential projects in these areas, owing to the lesser population density.
Denne historien er fra February - March 2020-utgaven av Yo Vizag.
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Denne historien er fra February - March 2020-utgaven av Yo Vizag.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Safety Against Coronavirus
Spreading thick and fast all over the globe, the deadly coronavirus (COVID-19) has claimed about 4000 lives and infected over 100000 people in more than 100 countries. Here are the symptoms, precautions, and the common myths surrounding coronavirus as shared by the World Health Organization (WHO).
REALTY CHECK
The scenic coastal city of Visakhapatnam is slowly emerging as a preferred destination to live and work in for many. Whether it be the promise of the region becoming an executive capital or the hope that the Bhogapuram International Airport will be a milestone-marker, the real estate scenario is booming like never before. A range of projects are now seeing the light of day, each promising incremental value. One can choose from gated communities to residential villas or plots of land for investment. Commercial properties are on the rise too, with new companies trying to find a foothold in the region. With all these elements, the city is poised for remarkable prospects in the days to come. The Yo! team interacts with a few of the city’s top realtors, who talk about the market, their projects and share expert insights.
THE PELICAN BRIEF
On a chilly Sunday morning, Krishna Diwakar took a memorable trip to Teelinalapuram Bird Sanctuary. He shares insights from this visit organized by the Eastern Ghats Wildlife Society (EGWS).
DREAM CATCHERS
From seeing a dream, to striving to achieve it. As the world celebrates International Women’s Day in the month of March, we at Yo! take inspiration from some amazing women in the city. With each of them having a unique story behind their achievements, and diverse scale of operations, these 40 women prove that all one needs to do is dream the reality they want to achieve.
VIZAG'S VINTAGE VEHICLES
As the automobile industry continues to amaze us, John Castellas takes us on a sweet ride in the earliest motorcars of the city.
WISHLIST 2020
Marking the end of the teen-years, 2020 holds a lot of promise for all of us. Here’s all that the city wishes for this year.
TRAILBLAZING INTO TOMORROW
From spreading laughter to hip-hoppin’ in style, the city has always been a hub of talent. This month, we at Yo! introduce you to three clubs with unusual agendas. Not for them the been-there’s and the done that’s as they chart new paths and head to newer destinations. And for all those who still think that Vizag is a quiet city with limited options, these are amazing examples of the possibilities and opportunities we have now woken up to.
QUEBEC CALLING
Quebec city, the capital city of Canadian province Quebec, is a popular travel destination among tourists. Hema Kanchipati shares notes from her memorable trip to this largely French-speaking city.
KITCHEN GEMS
In a fast paced life, there has been one constant the delectable aroma of Gond ke Laddu. “Passed down through generations, this delight defines a Rajasthani-winter-kitchen morning”, says Karuna Neotia, a Marwari homemaker in the city.
Helming the Metropolis
VMRDA Chairman, Dronamraju Srinivasa Rao interacts with Yo! Vizag about paving the way forward for the city’s development.
