Visakhapatnam, widely known as Vizag is situated in Andhra Pradesh on the Eastern shore of India. This port city is soon becoming an industrial hub of the east coast of India. Visakhapatnam is a beautiful city with majestic hills, valleys and golden beaches along the Bay of Bengal coastline.

The large-scale real estate developments in Hyderabad, the city of nawabs is almost on the verge of completion. Next in line for real estate boom is Visakhapatnam popularly called 'The Jewel of the East Coast'. It is the home of the Eastern Naval Command of the Indian Navy and has been thus, the best port in the country. Vizag is carving its position as the next IT hub of Andhra Pradesh after Hyderabad at a fast pace.

Today is the time of development for tier-III and tier-IV cities as metros are congested and tier-II cities are almost choked too. Visakhapatnam has become an important upcoming city for the Eastern India as IT industries are now swiftly entering in the city. Vizag offers easy availability of skilled labor, infrastructure and cost-effective real estate making it all the more attractive for industrial setups.

The boom in property building and the consequent hike in property prices have made this city a favorite with real estate developers. The sky rocketing prices of real estate in Hyderabad and lack of land for further expansion shifted the attention of realty developers to this port city of Andhra Pradesh. Not only this, the growth of technology sector i.e. coming up of software companies and SEZs in the city further spiraled up the interest of property investors. Various other projects by leading developers are adding to the boost in Visakhapatnam property. Some of the other reasons are:

The declaration of property projects by Encore India and Tata Consultancy triggered a hike in real estate prices while encouraging the interests of property investors in Vizag real estate. VUDA has launched mega housing projects that would incorporate average and large sized apartments in collaboration with Singapore based promoters at a cost of Rs. 120 crores.

Construction of individual houses and bungalows in the city are competing with high rise apartments in Vizag. These high quality residential developments are fostering the demand and supply of real estate in the city. Leading hospitality chains are also coming up with luxury hotels to address the need for expansion of hospitality sector.

Presently, Hyderabad tops the chart in the Indian real estate market. The establishment of the international airport has brought about major changes in the development scenario of the city. It is now well-connected with other major cities of the country. The strategic positioning of the city, availability of highly skilled manpower and space are some of the other reasons that promote real estate activities in Hyderabad. As it is also the IT hub of India with a long list of IT or ITES companies, the property business here offers tremendous potential.
A buyer interested in buying a property in Hyderabad has now plenty of favorable conditions to cheer about. Satisfying the requirements of various segments of buyers, there are abundant alternatives in both economy and luxury categories. The prevalent price of the properties is also witnessing a fall of at least 10 percent from the rate all through the peak periods.

As the property market has received a new lease of life throughout the country, buyers in Hyderabad are finding themselves in a superior position at the moment. The market has already started to move upward since the demand is keeping pace with the supply. There is also a practice adopted by builders like Aparna Constructions to provide buyers a more favorable deal. Extending an exceptional deal to their clients, these builders allow a customer to make a deal at the price prevailing today.