Visakhapatnam is also known as Vizag is a port city in the state of Andhra Pradesh and its largest city too. It is known as the ‘Jewel of the East Coast’ and is also the headquarter of the Eastern Naval Command. It was recently also adjudged one of the cleanest cities in India. Of late, people in large numbers have started investing in this city which has also sent the number of home loans in Vizag skyrocketing. There are a number of reasons behind such a development, a few of which are -
Connectivity - One of the biggest reasons which influence the decision of a property buyer is the connectivity options. It has great connectivity options with the rest of the country with rail, road, air, and sea. Within the city, people have the option of using the state roadways buses and the proposed metro station is expected to be thrown open to the public in 2021.
Climate - Any place having an extreme climate is not favored by property buyers. Vizag, on the other hand, has a moderate climate which ranges from 30-40 degree Celsius in summer and 18-28 degree Celsius in winter. This is what makes the city ideal for living in.
Healthcare - Irrespective of whether you live with your family or not, you will require access to top-notch healthcare. There are a number of hospitals and medical institutions which provide the best healthcare in the country. As a result people from the farthest corners of the nation come to Vizag for getting quality healthcare.
Thus, if you are thinking about investing in a property in Vizag, then you should do it today at the best prices. There are also a number of lenders including NBFCs which offer home loans at very attractive interest rates if you want to finance the purchase of your home.