Lankelapalem, Vizag

The area of Lankelapalem situated on the south of Vizag is the suburban area of the city. The nearby cities to this area are Vishakhapatnam, Anakapalle and Narsipatnam. This area has various small scale industries including Rajkamal metal industries, pharma city, Arabindo pharma and others which has employed local residents of this area. Road connectivity with settled areas like Gajuwaka and Dwaraka Nagar makes this locality a suitable place for property investors. Weather condition over here is a bit humid because of its attachment with Bay of Bengal. Situated in prime location near NH5, this area is quite suitable for apartments, farm houses, villas and bungalows. With peaceful natural environment, this area has prime developers like SVS constructions, Eswari group, Sasanapuri real estate, Vasanth vihar and Vaisakhi developers. Also large number of plots are vacant at Samridhhi ventures and RK Kamadhenu nagar which can be used for developing complexes and institutions. Thadi railway station being the nearest one, a number of buses from prime cities connect this area providing a better transport facility. Price of properties in this locality are a bit on the lower side so it would be profitable for investors to develop the market over here and make a profitable deal. The properties in this area are still under construction, however, various plots approved by Vishakhapatnam Urban Development Authority are available. With good locality and connectivity, these plots have higher market value and can be used for commercial purposes. Market in this area is not sufficient to fulfil the daily needs item but this locality has the potential to grow into a huge market place. Price of properties varies depending upon the market conditions, so preparation of market graph would be profitable. Market and shopping: Daily need products are not adequately served by the market over here. This could be a matter of concern for the property developers in this locality. However, due to good transport facility, market could develop. Institutional and commercial complexes: All the main roads of this area have schools and colleges. But lack of commercial complexes is a major issue for new investors. With multiple projects under completion and connectivity with highway could lift the level of occupancy in this area. Infrastructure: VPT has invested a lot of money for expansion of highways. Though societal environment will take time to establish but access to natural environment makes it a comfortable place to live in.