VISAKHAPATNAM: Madhurawada has attracted the attention of a majority of property buyers and realtors in the city, if the number of projects being displayed at the ongoing Vizag Property Expo-2015 is any indication. This was followed by Anandapuram and Bheemili, which also became the favourite spots for property buyers.
People thronged the ongoing property expo at Swarna Bharati Indoor Stadium on Saturday and more crowds are expected on Sunday, it being a holiday. More than 200 projects offered by over 60 builders are at display for the prospective buyers. They can choose from a wide range of apartments, plots, villas and even commercial spaces for purchase.
“We received many queries in the past two days, but they are yet to be realised. People have just started queries and might commence purchases in the next a couple of months, particularly after the Central government announced tax incentives on home loans,” said a sales executive of MVV Builders at the venue.
According to the organisers, a majority of the projects are located in Madhurawada, Anandapuram and Bheemili areas where Madhurawada seems to be received good response from the prospective property buyers.
Confirming the growing demand for homes in Madhurawada areas, the registration department said that the registration office at Madhurawada earned Rs 50.17 crore out of total revenue collected worth Rs 348 crore in the district, as on January 31 for the current fiscal. During last financial year, the revenue from Madhurawada registration office was put at Rs 36.67 crore.
Besides Madhurawada, the property show organised by the Vizag chapter of the Confederation of Real Estate Developer’s Association (CREDAI) has properties from areas like Rushikonda, Gajuwaka, Bheemili, Anandapuram, Pendurthi and many other areas.